629 Sinclair St Reno, NV 89501
MidTown NeighborhoodEstimated payment $5,443/month
Highlights
- Wood Flooring
- Brick or Stone Mason
- Baseboard Heating
- Double Pane Windows
- Cooling Available
- Wood Siding
About This Home
629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offer charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units at the highest rates in Reno. Three of the five units have been renovated in recent years. With an adjustment in rental rates, the property could have an address income net monthly income of 5,323 dollars per mo with an Annual Return cap of 6.42 percent. This assumes the market is 7 percent for full property management. Please request a complete financial analysis of this investment. If the property were renovated, the investor could possibly receive a 13 percent upside from the current cash flow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,707
Year Built
- Built in 1918
Lot Details
- 7,013 Sq Ft Lot
- Back Yard Fenced
Home Design
- Quadruplex
- Brick or Stone Mason
- Stone Foundation
- Slab Foundation
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Stick Built Home
- Stucco
Interior Spaces
- 2,700 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Blinds
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Alley Access
- Assigned Parking
Schools
- Booth Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Wall Furnace
- Baseboard Heating
- Separate Meters
- Master Meter
- Individual Gas Meter
- Gas Water Heater
- Central Water Heater
Listing and Financial Details
- The owner pays for all utilities
- Assessor Parcel Number 011-233-07
Community Details
Overview
- 3 Buildings
- 4 Units
- Reno Community
- New Southside Addition Subdivision
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Net Operating Income $59,528
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,707 | $98,169 | $64,750 | $33,419 |
| 2024 | $1,707 | $96,496 | $63,000 | $33,496 |
| 2023 | $1,582 | $95,782 | $65,835 | $29,947 |
| 2022 | $1,471 | $76,497 | $51,625 | $24,872 |
| 2021 | $1,365 | $64,375 | $40,250 | $24,125 |
| 2020 | $1,290 | $59,691 | $35,840 | $23,851 |
| 2019 | $2,466 | $56,634 | $34,230 | $22,404 |
| 2018 | $1,165 | $45,981 | $24,500 | $21,481 |
| 2017 | $1,118 | $45,536 | $24,500 | $21,036 |
| 2016 | $1,097 | $42,420 | $21,700 | $20,720 |
| 2015 | $557 | $39,642 | $18,900 | $20,742 |
| 2014 | $1,027 | $31,552 | $12,880 | $18,672 |
| 2013 | -- | $28,163 | $10,220 | $17,943 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Price Changed | $995,000 | -7.4% | $369 / Sq Ft |
| 05/29/2025 05/29/25 | Price Changed | $1,075,000 | -1.8% | $398 / Sq Ft |
| 02/13/2025 02/13/25 | For Sale | $1,095,000 | -- | $406 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $170,000 | First Centennial Reno | |
| Interfamily Deed Transfer | -- | Western Title Inc Ridge |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $460,000 | New Conventional | |
| Closed | $231,177 | Unknown | |
| Closed | $45,000 | Unknown | |
| Closed | $202,500 | Unknown | |
| Closed | $135,000 | Unknown | |
| Closed | $20,000 | Unknown | |
| Closed | $0 | Unknown | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $1,000,000 | Unknown | |
| Previous Owner | $125,000 | Unknown | |
| Previous Owner | $224,500 | Unknown | |
| Previous Owner | $50,000 | Unknown |
Source: Northern Nevada Regional MLS
MLS Number: 250001710
APN: 011-233-07
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