Keystone Apartments | 1301 Stardust St
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Keystone Apartments 1301 Stardust St
38 Unit Apartment Building $7,750,000 ($203,947/Unit) 6.16% Cap Rate Reno, NV 89503
Executive Summary
DCG is pleased to present 1301 Stardust St. in Reno for sale. This multifamily investment property is 29,070 SF on 0.849 Acres with 38 units in the heart of Downtown Reno near the Midtown District. Currently, the buildings boast a 5.26% vacancy rate and a cap rate of 6.16%. They are within close proximity to the newly built West End Commons and Keystone Square.
Property Facts
| Price | $7,750,000 | Building Class | C |
| Price Per Unit | $203,947 | Lot Size | 0.85 AC |
| Sale Type | Investment | Building Size | 29,070 SF |
| Cap Rate | 6.16% | Average Occupancy | 100% |
| No. Units | 38 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.1/1,000 SF |
| Apartment Style | Low Rise |
| Price | $7,750,000 |
| Price Per Unit | $203,947 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 29,070 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 3.1/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 600 |
| 2+1.5 | 27 | - | 850 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 006-165-09 | Improvements Assessment | $741,408 |
| Land Assessment | $269,325 | Total Assessment | $1,010,733 |
PROPERTY TAXES
Parcel Number
006-165-09
Land Assessment
$269,325
Improvements Assessment
$741,408
Total Assessment
$1,010,733
zoning
| Zoning Code | MF30 (Multifamily) |
| MF30 (Multifamily) |
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Keystone Apartments | 1301 Stardust St
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