OFF MARKET

Off market mar 2022 for $3M

—

Est. refi paymentEst. refi $19,544/mo

•

1 ba

•

11,688

sq ft

3445-3485 Neil Rd, Reno, NV 89502

About this home

Well maintained apartment complex includes carports for each unit, extra storage, private front patios and private back yards. All single level units with a security gate entrance to 2 separate court yards. 6 units share each court yard. Tenants pay for gas and electric and have access to 1 of 2 laundry rooms. There are 2 storage rooms or offices for owner or caretaker. A portion of the property includes an open dirt lot that can be used as extra storage or parking. Several of the units have been fully remodeled from top to bottom and very nicely done kitchens, flooring, paint, fixtures, bathrooms, new vinyl windows, some new furnaces and air conditioners. Many of the rents are well below market. Great income producing properties.

Multi-familyProperty Type

1965Year Built

0.94 acresLot Size

$257Price/Sq.Ft.

16 spacesParking

Listed by Chris Yochum • Coldwell Banker Select Reno

Bought with Trevor Richardson • Dickson Commercial Group

Redfin checked: a few seconds ago

•Source:NNRMLS #220001858

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 89502, NV

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.4% MoM

Median sale price

$438K

$7K MoM

Avg. days on market

49d

2 days MoM

Recently sold homes

18 MoM

New listings for sale

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Provided by Redfin

Sale history for 3445-3485 Neil Rd

Date

Event

Price

NNRMLS #220001858

Mar 28, 2022

Sold

$3,000,000

$257/sq ft

Feb 27, 2022

Pending

—

Feb 16, 2022

Listed

$2,950,000

$252/sq ft

NNRMLS #190017411

Jan 17, 2020

Sold

$1,900,000

$163/sq ft

Dec 6, 2019

Contingent

—

Nov 22, 2019

Listed

$2,100,000

$180/sq ft

+16

Great investment opportunity! Rustic Woods is a 12 unit, 2 bedroom, 1 bath, apartment complex. Each unit has a fenced back yard, one covered parking spot, and individual storage spaces. The complex is split onto two separate parcels but being sold as one unit. 9 of 12 units have been upgraded to include granite counter tops, vinyl laminate flooring, and central air conditioning units. Remaining granite and A/C units will transfer with sale. Six of the nine remodeled units are currently below market rents. Please make offers subject to showing and/or inspections. Must have proof of funds. Please do not disturb the tenants. Drive by only. This complex is split between 2 parcel numbers. Second parcel number is 02028146.

Public Records

Aug 31, 2017

Sold

$1,075,000

$92/sq ft

Public Records

Jul 7, 1998

Sold

$179,500

$15/sq ft

Public Records

Dec 1, 1988

Sold

$450,000

$39/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,501 (+8.0%)

$62,300 + $66,818

$129,118

2024

$3,243 (+16.5%)

$61,250 + $65,998

$127,248

2022

$2,784 (+4.7%)

$61,250 + $59,063

$120,313

2021

$2,659 (+6.1%)

$54,250 + $48,252

$102,502

2020

$2,505 (+4.9%)

$36,750 + $48,505

$85,255

2019

$2,388 (+4.6%)

$34,405 + $48,806

$83,211

2018

$2,284 (+4.0%)

$33,075 + $45,409

$78,484

2017

$2,195 (+2.6%)

$25,200 + $44,386

$69,586

2016

$2,140 (+0.1%)

$23,520 + $44,114

$67,634

2015

$2,137 (+1.0%)

$21,000 + $43,505

$64,505

2014

$2,115

$18,900 + $45,861

$64,761

Tax history for 3445-3485 Neil Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,501 (+8.0%)

$62,300 + $66,818

$129,118

2024

$3,243 (+16.5%)

$61,250 + $65,998

$127,248

2022

$2,784 (+4.7%)

$61,250 + $59,063

$120,313

2021

$2,659 (+6.1%)

$54,250 + $48,252

$102,502

2020

$2,505 (+4.9%)

$36,750 + $48,505

$85,255

2019

$2,388 (+4.6%)

$34,405 + $48,806

$83,211

2018

$2,284 (+4.0%)

$33,075 + $45,409

$78,484

2017

$2,195 (+2.6%)

$25,200 + $44,386

$69,586

2016

$2,140 (+0.1%)

$23,520 + $44,114

$67,634

2015

$2,137 (+1.0%)

$21,000 + $43,505

$64,505

2014

$2,115

$18,900 + $45,861

$64,761

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.4 Acres

Year renovated

1966

Sq. Ft.

5,846

Year built

1966

Style

Multi-Family (5+ Unit)

County

Washoe County

APN

020-281-43

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 2026.

MF-30

Multi-Family Residential District

The MF-30 district is intended to provide multi-family residential development and limited commercial and retail uses. Secondary uses include duplexes, triplexes, fourplexes, townhomes, single-family residential uses, parks, and schools. Additional district standards ensure that amenities such as open space are provided to offset the increases residential densities. This district is appropriate adjacent to other multifamily, single-family Urban Districts, and Employment Districts.

Zone overlays

Airport Noise Exposure Overlay District

Permitted uses

Include but are not limited to:

Day care facility
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Housing-Mobile home park

May 12, 2026 • Active

Ez reroof - residential

Perform a reroofing project. Tear off the existing asphalt roofing material.

Roofing

May 6, 1997 • Final

Residential remodel & addition

Remodel

Roofing

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking/Garage Information
Parking Types: Carport
Parking Capacity per Unit: 1
Total Parking Capacity: 16

Interior

Virtual Tour

Room Information
Laundry: Common, Separate

Interior Features
Appliances: Dishwasher, Oven/Range, Refrigerator, Varies by Unit
Facility Features: Landlord Pays Utilities, Master Meter (Water), Separate Heating/Cooling, Separated Meters (Electric), Separated Meters (Gas), Separate Water Heaters, Tenant Pays Utilities
Flooring: Carpet, Laminate, Varies by Unit
Windows: Double Pane, Metal Frame, Single Pane, Varies by Unit, Vinyl Frame

Heating/Cooling
Central Refrigerator A/C, Forced Air, Natural Gas, Varies by Unit

Green Features
Double Pane Windows

Multi-Unit Information
Complex Name: Rustic Woods Apartments
# of Units: 12
Net Operating Income: $150,624.83
Income Info: No

2-Bedroom Unit Information
# of Baths: 1
# of Units: 12
Sq. Ft./Unit: 974

Exterior

Building Information
Exterior: Brick, Stucco, Wood Siding
# of Buildings: 2
Construction: Frame
Foundation: Concrete/Crawl Space

Exterior Features
Fencing: Back, Front, Full
Landscaped: Partially, Yes

Unit Information
Unit Features: Blinds/Shades, Patio/Deck, Smoke Detector, Varies per Unit

Property Features
Roof: Composition/Shingle, Pitched
Sprinklers: Automatic, Yes

Property Information
Source of Sq. Ft.: Assessor
For Sale
For Sale
Sliding Scale: No

Lot Information
Access Type: Public

Financial

Taxes & Assessment Information
Taxes: $5,230.85

Lease Information
Current Lease: Leases

Utilities

Utility Information
Individually Metered
Utilities: Cable, City/County Water, Cellular Coverage Avail, City Sewer, Electricity, Internet Available, Natural Gas, Varies per Unit, Water Meter Installed
Water Heater: Electric

Location

School Information
Elementary School: Smithridge
Middle School: Pine
High School: Damonte

Public facts

Beds: 12
Baths: 6.0
Sq. Ft.: 5,846
Stories: 1.0
Lot Size: 0.4 acres
Style: Multi-Family (5+ Unit)
Year Built: 1966
Year Renovated: 1966
County: Washoe County
APN: 020-281-43

Home facts updated by county records on Oct 8, 2026

Other

Listing Information
Cross-Street/Directions: Moana Lane/Neil Rd

Around this home

Schools

Smithridge Elementary School

Public PreK-5 • Assigned • 0.8mi

4/10

Edward L Pine Middle School

Public 6-8 • Assigned • 0.8mi

1/10

Damonte Ranch High School

Public 9-12 • Assigned • 5.9mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 94° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

15 unhealthy days expected this year, 18 days in 30 years

Provided by First Street

Historical weather

Reno, NV • 89502

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 12.8 hours in June and 5.8 hours in December, placing it above the U.S. average for solar exposure.

12.8 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

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Home values near 3445-3485 Neil Rd

Data from public records.

Address	Redfin Estimate
3562 Neil Road, Reno, NV 8 Beds \| 2 Baths \| 1680 Sq. Ft.	$368,359
3550 Neil Road, Reno, NV 6 Beds \| 2 Baths \| - Sq. Ft.	$400,938

Address	Redfin Estimate
3565 Neil Road, Reno, NV 8 Beds \| 4 Baths \| 1680 Sq. Ft.	$620,313
3421 Neil Road, Reno, NV 4 Beds \| 2 Baths \| 1568 Sq. Ft.	—

Address	Redfin Estimate
3535 Neil Road, Reno, NV 9 Beds \| 3 Baths \| 3217 Sq. Ft.	$482,468
3485 Neil Road, Reno, NV 12 Beds \| 6 Baths \| 5846 Sq. Ft.	—

Property information provided by undefined .

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About this home

Redfin Estimate

Market trends in 89502, NV

Sale history for 3445-3485 Neil Rd

Tax history for 3445-3485 Neil Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 89502

Home values near 3445-3485 Neil Rd

More real estate resources