2908 Salem Pl

$1,298,000
Price
10
Beds
2,880 Sq. Ft.
$451 / Sq. Ft.
2,880
Sq. Ft.
$451
per Sq. Ft.

Description

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.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.
  1. Listed by Henry Huang • Sierra Nevada Properties-Reno

Property Details for 2908 Salem Place

Zoning Actual
MF30
Total Parking Capacity
6
LISTING UPDATED: 02/24/2025 10:59 PM

Property Details for 2908 Salem Place

StatusActive
MLS #250002025
Days on Compass327
Taxes$3,564 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1978
Lot Size0.34 AC / 14,810 SF
CountyWashoe County

Location

Listing Courtesy of Sierra Nevada Properties-Reno, Henry Huang, License #10226
Add your commute

Building Information for 2908 Salem Place

Stories2Residences-Year Built1978Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$6,711 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,414

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2908 Salem Place

Summary
Location and General Information
  • Geo Latitude: 39.496562
  • Geo Longitude: -119.810823
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 2908 Salem Pl
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89509
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 2908 Salem Place
  • County: Washoe
  • Elementary School: Anderson
  • Middle School: Swope
  • High School: Reno
  • Xstreet/Directions: Plumas/Salem
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Taxes $: $3,563.67
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1978.0
  • Acreage: 0.34
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 01943114
  • Complex Name: Salem Place Apartments
  • Gross Square Footage: 2880.0
Property and Assessments
  • Documents On File: Financial Statements
  • ADA Compliant: No
  • Construction: Wood Frame
  • Automated Valuation: No
  • Associated Document Count: 1
  • LVT Date: 02-20-2025
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Natural Gas, Wall Heater, Varies by Unit
  • Water Heater: Electric, Natural Gas
  • Windows: Double Pane
  • Facility Features: Primary Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: Alley Access
  • Unit Features: Blinds/Shades, Smoke Detector, Varies Per Unit
  • Appliances: Oven/Range, Refrigerator
  • Laundry: Common
  • Flooring: Carpet, Wood
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Stucco
  • Roof: Flat, Tile
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas
  • Landscaped: Yes
  • Sprinklers: None
  • Fenced: None
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 2
  • 1 Bedroom - # Units: 2
  • 1 Bedroom - SqFt/Unit: 570
  • 1 Bedroom - Avg Rent/Unit: 1095
  • 2 Bedroom - # Baths: 4
  • 2 Bedroom - # Units: 4
  • 2 Bedroom - SqFt/Unit: 740
  • 2 Bedroom - Avg Rent/Unit: 1220
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 6
  • Stories: 2 Story
Income & Expenses
  • Annual Income & Expenses: Pro Forma
  • Net Operating Income: $58,790.00
Agent
Showing and Remarks
  • Showing Instructions: Drive By
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 24
  • DOMLS: 5
  • Cumulative DOM: 24
  • Cumulative DOMLS: 5
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Henry Huang
  • Contact Phone: 775-525-1325
Rental
Rent Information
  • Current Lease: Leases

Property History for 2908 Salem Place

DateEvent & SourcePriceAppreciation
Jan 31, 2025

Listed (Active)

NNRMLS #250002025

$1,298,000—
Mar 28, 2019

Sold

NNRMLS #190003665

$825,000—
Mar 25, 2019

Sold (Public Record)

Public Record #641799781

$825,000

+16.0% / yr

Mar 24, 2019

Pending

NNRMLS #190003665

—
Mar 24, 2019

Listed (Active)

NNRMLS #190003665

$850,000,000—
Sep 4, 2014

Sold

NNRMLS #140005554

$420,000—
Sep 2, 2014

Sold (Public Record)

Public Record #434340232

$420,000

-2.3% / yr

Aug 24, 2014

Pending

NNRMLS #140005554

—
Apr 27, 2014

Listed (Active)

NNRMLS #140005554

$475,000—
Aug 22, 2011

Withdrawn

NNRMLS #110011787

—
Aug 22, 2011

Listed (Active)

NNRMLS #110011787

$50,000,000—
Jun 15, 2004

Sold (Public Record)

Public Record #137377612

$530,000—
DateEvent & SourcePrice
01/31/2025

Listed (Active)

NNRMLS #250002025

$1,298,000
03/28/2019

Sold

NNRMLS #190003665

$825,000
03/25/2019

Sold (Public Record)

Public Record #641799781

$825,000

+16.0% / yr

03/24/2019

Pending

NNRMLS #190003665

—
03/24/2019

Listed (Active)

NNRMLS #190003665

$850,000,000
09/04/2014

Sold

NNRMLS #140005554

$420,000
09/02/2014

Sold (Public Record)

Public Record #434340232

$420,000

-2.3% / yr

08/24/2014

Pending

NNRMLS #140005554

—
04/27/2014

Listed (Active)

NNRMLS #140005554

$475,000
08/22/2011

Withdrawn

NNRMLS #110011787

—
08/22/2011

Listed (Active)

NNRMLS #110011787

$50,000,000
06/15/2004

Sold (Public Record)

Public Record #137377612

$530,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2908 Salem Place

Taxable ValueLand$80,500Additions$57,775Total$138,275
Tax Record2024$3,564 ($297 / month)
Home Facts
Baths6Total Finished SqFt4,020 SqFtAbove Grade Finished SqFt2,880 SqFtFinished Basement SqFt1,140 SqFtStories2Lot Size14,854 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978ZoningMF30CountyWASHOEAPN019-431-14

Schools near 2908 Salem Place

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Anderson Elementary School
PublicK to 6

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Bailey Charter School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2908 Salem Place is a multi-family home for sale in Reno, NV 89509. This property was listed for sale on February 1, 2025 by Sierra Nevada Properties-Reno, it's currently listed at $1,298,000. It has been on the market for a total of 327 days and was last sold on March 29, 2019. This listing's school district is Washoe County School District. Nearby schools include Anderson Elementary School, Darrell C Swope Middle School and Reno High School. 2908 Salem Place is a 10-bed, 6-bath, 2,880 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sierra Nevada Properties-Reno, Henry Huang, License #10226

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.