About 372 Maine Street
5.55% CAP Rate on actuals / 7% proforma CAP Rate achievable by bringing rents to market rate. Current Gross Income = $88,213 / proforma Gross Income estimated at $111,284. Historically, the seller has benefited from low vacancy and stable income. Laundry hook-ups in all units. Property was freshly painted in 2025. Duplex building roof was replaced in 2025. Flexible MU (Mixed Use) zoning. Property was built in various stages - 1960 (2 units), 1962 (3 units), and 1984 (4 units). $176,667 per unit at asking price. APOD and Rent Roll are available. Property is tenant occupied - please, DO NOT disturb them.
Features of 372 Maine Street
| MLS® # | 250052964 |
|---|---|
| Price | $1,590,000 |
| Bathrooms | 0.00 |
| Acres | 0.36 |
| Year Built | 1972 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 372 Maine Street |
|---|---|
| Area | 89502 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89502 |
Amenities
| Utilities | Cellular Coverage, Internet Available, Internet Connected, Water Meter Installed, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| Parking | Asphalt, Off Street |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Electric, Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Corner Lot, Cul-De-Sac, Level, Open Lot |
|---|---|
| Windows | Metal Frames, Single Pane Windows, Vinyl Frames, Blinds, Double Pane Windows, Window Coverings |
| Roof | Pitched, Flat, Shingle |
| Construction | Brick, Unknown, Wood Siding |
| Foundation | Crawl Space |
Additional Information
| Date Listed | July 11th, 2025 |
|---|---|
| Days on Market | 108 |
| Zoning | MU |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DL Realty |
|---|
