About 2908 Salem Place
Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations., The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you’re looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.
Features of 2908 Salem Place
| MLS® # | 250002025 |
|---|---|
| Price | $1,298,000 |
| Bathrooms | 0.00 |
| Acres | 0.34 |
| Year Built | 1978 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 2908 Salem Place |
|---|---|
| Area | 89509 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89509 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking Spaces | 6 |
| Parking | Alley Access |
| Has Pool | No |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Landscaped |
|---|---|
| Windows | Blinds, Double Pane Windows |
| Roof | Flat, Tile |
| Construction | Frame, Stucco |
| Foundation | Slab |
Additional Information
| Date Listed | February 1st, 2025 |
|---|---|
| Zoning | MF30 |
| Short Sale | No |
| RE / Bank Owned | No |
| Horse Property | N |
Listing Details
| Office | Sierra Nevada Properties-Reno |
|---|