Reno, NVRENO-NV-WELLS-AVENUE-OLDER-MULTIFAMILY-CORRIDORS

Wells Avenue / older multifamily corridors

Strong Buy
Strategy · Cash Flow CoreRemote fit · Medium-HighConfidence · Developing
Entry price$350K-500K
Typical rent$1,900-2,600
Gross yield5-7%
The case

Older central neighborhoods holding most of Reno's scarce duplexes and fourplexes, prized for small-multifamily cash flow - when they hit the market they move fast, often to cash buyers.

Risks

Older multifamily with deferred maintenance and expansive-soil foundation/sewer risk - never skip inspections; condition drives returns.

Best for

Cash-flow investors who want small-multifamily yield and will budget for older-stock due diligence.

Buy-box fit

0 entries

No published buy-box fits for this neighborhood.