540 Crampton Street

Sold 2/22/23

Sold

Last Sold Price

$1,125,000

19 beds7 baths3,536 sqft

540 Crampton St, Reno, NV 89502

Multi FamilyProperty Type

0.16 acresLot Size

1982Year Built

$318/sq ftPrice per sq ft

10 carsParking Spaces

Description

Wonderful opportunity directly across from the VA Hospital. This 7 unit apartment building features a common laundry facility, 2 garage stalls and 1 extra parking space, all of which add additional monthly income. The property is centrally located and in high demand rental area with low vacancy rates.Wonderful opportunity directly across from the VA Hospital. This 7 unit apartment building features a common laundry facility, 2 garage stalls and 1 extra parking space, all of which add additional monthly income. The property is centrally located and in high demand rental area with low vacancy rates.

Listed by: Kristopher Kent • Reno Realty

Listing closed: 02/21/2023 04:00 PM • Source: NNRMLS, MLS#: 220017038

Recent comparable sales

Median sold price

$1,000,000

Avg days on market

136

Sale-to-list ratio

85.6%

1/39

$1,025,000

Sold 03/24/25

5
Bedrooms: 8
Bathrooms: 2,801
Square Feet: 0.16
Acres

416 Roberts Street, Reno, NV 89502

1/31

$1,000,000

Sold 04/16/25

8
Bedrooms: 8
Bathrooms: 4,445
Square Feet: 0.33
Acres

1003-1011 South Arlington Avenue, Reno, NV 89509

$1,175,000

Sold 01/27/26

Unavailable
Bedrooms: 6
Bathrooms: 3,040
Square Feet: 0.19
Acres

425 Casazza Drive, Reno, NV 89502

$995,000

Sold 07/07/26

Unavailable
Bedrooms: 8
Bathrooms: 3,020
Square Feet: 0.15
Acres

1116 Wheeler Avenue, Reno, NV 89502

$1,230,000

Sold 09/17/25

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Bathrooms: 4,050
Square Feet: 0.16
Acres

775 Moran Street, Reno, NV 89502

$505,000

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Unavailable
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Bathrooms: 3,859
Square Feet: 0.34
Acres

249 Linden Street, Reno, NV 89502

$975,000

Sold 08/12/26

Unavailable
Bedrooms: 7
Bathrooms: 4,871
Square Feet: 0.29
Acres

824 Ralston Street, Reno, NV 89503

a view of a white house next to a yard with many windows

1/15

$1,425,000

Sold 06/16/25

6
Bedrooms: 18
Bathrooms: 3,728
Square Feet: 0.14
Acres

120 Martin Street, Reno, NV 89509

1/21

$900,000

Sold 11/07/25

6
Bedrooms: 6
Bathrooms: 3,101
Square Feet: 0.12
Acres

3080 Plumas Street, Reno, NV 89509

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Location

Listing Courtesy of Reno Realty, Kristopher Kent, License #7433

Sold By Real Property Mgmt. Corazon, Charles Chinnici, License #2361

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$6,097 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,813

Property Taxes

$284

HOA Dues

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Property Information for 540 Crampton Street

Property Details

Taxes: $3,404 / year
MLS Type: Multi-Family / Apartment Building (up to 8 Units)
County: Washoe County
Zoning Actual: MF 14
Total Parking Capacity: 10

Building Information

Stories: 2
Year Built: 1982
Lot Size: 0.16 AC / 6,969 SF

Summary

Location and General Information

Area: Reno-Southeast
Zip: 89502

Geo Latitude: 39.516147
Geo Longitude: -119.800779
Geo Quality: 0.95
Geo Zoom Level: 14.0
Geo Address Line: 540 Crampton St
Geo Primary City: Reno
Geo Subdivision: NV
Geo Postal Code: 89502
Geo Match Code: 0
Geo Matched Method: 0
Address: 540 Crampton St
County: Washoe
Elementary School: Veterans
Middle School: Vaughn
High School: Wooster
Xstreet/Directions: Locust St
Source of Zoning: Assessor

Taxes and HOA Information

CC/R Restrictions: Yes
Sliding Scale: No

Taxes $: $3,403.54

Parking

Parking Capacity per Unit: 1
Parking Types: Attached, Designated Parking, Garage, Varies Per Unit

Property

Lot Information

Class: Multi-Family
Type: Multi-Family

Source of SqFt: Assessor
Year Built: 1982.0
Acreage: 0.16
Type of Property: Apartment Building (up to 8 Units)
Parcel #: 01317213
Complex Name: 540 Crampton St.
Gross Square Footage: 3536.0

Property and Assessments

Cap Rate: 6.00%
Documents On File: Rental/Leases

ADA Compliant: No
APOD Available: No
Construction: Wood Frame
Assessment $: $.00
HUD: No
Associated Document Count: 0
LVT Date: 12-14-2022

Utilities

Individually Metered: Yes

Interior and Exterior Features

Interior Features

Heating/Cooling: Central Refrig A/C, Heat Pump, Wall Heater, Varies by Unit
Water Heater: Electric

Windows: Double Pane, Low E, Vinyl Frame
Facility Features: Master Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Tenant Pays Utilities
Common Features: None
Unit Features: Blinds/Shades, Smoke Detector
Appliances: Dishwasher, Disposal, Oven/Range, Refrigerator
Laundry: Common
Flooring: Carpet, Ceramic Tile, Sheet Vinyl

Exterior Features

Foundation: Concrete/Crawl Space
Exterior: Wood Siding

Roof: Composition/Shingle, Pitched
Utilities: City Sewer, Electricity, Water Meter Installed, Internet Available, Cellular Coverage Avail
Landscaped: Fully Landscaped, Yes
Sprinklers: Full Sprinklers, Yes
Fenced: Partial

Room

Studio - # Baths: 0
1 Bedroom - # Baths: 7

1 Bedroom - # Units: 7
1 Bedroom - SqFt/Unit: 505
1 Bedroom - Avg Rent/Unit: 1095
2 Bedroom - # Baths: 0
2 Bedroom - # Units: 0
2 Bedroom - SqFt/Unit: 0
2 Bedroom - Avg Rent/Unit: 0
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: 3
4+ Bedroom - SqFt/Unit: 0
4+Bedroom - Avg Rent/Unit: 108
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: 7
Stories: 2 Story

Income & Expenses

Income Info w/h: No
Annual Debt Service: $.00

Annual Expenses: $21,267.00
Annual Income & Expenses: Pro Forma
Gross Scheduled Income: $95,340.00
Net Operating Income: $66,446.00

Agent

Showing and Remarks

Showing Instructions: Call Listing Agent

Sale and Listing

Sale/Rent: For Sale
DOM: 70

DOMLS: 70
Cumulative DOM: 70
Cumulative DOMLS: 70
Possession: Subject to Tenants
Sale/Lease: For Sale
Contact Name: Kristopher Kent
Contact Phone: 775-393-9560

Rental

Rent Information

Annual Vacancy: $7,627.00
Current Lease: Leases

Property History for 540 Crampton Street

Date	Event & Source	Price	Appreciation
Feb 21, 2023	Sold NNRMLS #220017038	$1,125,000	—
Feb 15, 2023	Sold (Public Record) Public Record #1506602178	$1,125,000	+13.8% / yr
Dec 26, 2022	In Contract NNRMLS #220017038		—
Dec 23, 2022	Pending NNRMLS #220017038		—
Dec 13, 2022	Listed (Active) NNRMLS #220017038	$1,149,900	—
Feb 12, 2015	Sold NNRMLS #140014557	$400,000	—
Feb 12, 2015	Pending NNRMLS #140014557		—
Feb 12, 2015	Sold (Public Record) Public Record #487982939	$400,000	-1.8% / yr
Oct 27, 2014	Listed (Active) NNRMLS #140014557	$455,000	—
Oct 21, 2003	Sold (Public Record) Public Record #123776470	$490,000	—

Date	Event & Source	Price
02/21/2023	Sold NNRMLS #220017038	$1,125,000
02/15/2023	Sold (Public Record) Public Record #1506602178	$1,125,000 +13.8% / yr
12/26/2022	In Contract NNRMLS #220017038	—
12/23/2022	Pending NNRMLS #220017038	—
12/13/2022	Listed (Active) NNRMLS #220017038	$1,149,900
02/12/2015	Sold NNRMLS #140014557	$400,000
02/12/2015	Pending NNRMLS #140014557	—
02/12/2015	Sold (Public Record) Public Record #487982939	$400,000 -1.8% / yr
10/27/2014	Listed (Active) NNRMLS #140014557	$455,000
10/21/2003	Sold (Public Record) Public Record #123776470	$490,000

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

Public Records for 540 Crampton Street

Taxable ValueLand$85,313Additions$52,235Total$137,548

Home Facts

Baths7Total Finished SqFt3,536 SqFtAbove Grade Finished SqFt3,536 SqFtStories2Lot Size7,013 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982Year Renovated1982ZoningMF14CountyWASHOEAPN013-172-13

Schools near 540 Crampton Street

This home is within Washoe County School District.


Rating	School	Type	Grades	Distance
2/10	Veterans Memorial Elementary School	Public - Serves this home	K to 5	0.2 mi
4/10	E Otis Vaughn Middle School	Public - Serves this home	6 to 8	0.5 mi
4/10	Earl Wooster High School	Public - Serves this home	9 to 12	1.1 mi
NR	Washoe Innovations Academy	Public - Nearby school	PK to 12	1.4 mi
1/10	Innovations High School - 16510	Public - Nearby school	9 to 12	1.4 mi
8/10	Academy Of Career Education Charter School	Charter - Choice school	9 to 12	1.4 mi
NR	Our Lady Of The Snows School	Private - Nearby school	K to 8	0.8 mi
NR	Our Lady of the Snows Catholic School	Private - Nearby school	K to 8	0.8 mi
NR	Little Flower School	Private - Nearby school	K to 8	0.8 mi


Rating	School	Distance
2/10	Veterans Memorial Elementary School PublicK to 5 Serves this home	0.2 mi
4/10	E Otis Vaughn Middle School Public6 to 8 Serves this home	0.5 mi
4/10	Earl Wooster High School Public9 to 12 Serves this home	1.1 mi
NR	Washoe Innovations Academy PublicPK to 12 Nearby school	1.4 mi
1/10	Innovations High School - 16510 Public9 to 12 Nearby school	1.4 mi
8/10	Academy Of Career Education Charter School Charter9 to 12 Choice school	1.4 mi
NR	Our Lady Of The Snows School PrivateK to 8 Nearby school	0.8 mi
NR	Our Lady of the Snows Catholic School PrivateK to 8 Nearby school	0.8 mi
NR	Little Flower School PrivateK to 8 Nearby school	0.8 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 540 Crampton Street, Reno, NV 89502	$1,125,000	19	7	3,536	6,969
540 Crampton Street, Unit 7, Reno, NV 89502	$490,000	7	7	3,536	6,969
1015 Locust Street, Reno, NV 89502	$1,509,472	–	7	3,536	7,013
516 Crampton Street, Reno, NV 89502	$75,000	2	1	780	6,969
545 Crampton Street, Reno, NV 89502	$200,000	4	4	2,202	4,356
512 Crampton Street, Unit 6, Reno, NV 89502	$415,000	10	–	3,949	6,969
512 Crampton Street, Reno, NV 89502	$5,000,000	–	4	2,462	7,013
537 Crampton Street, Reno, NV 89502	$87,000	–	1	840	7,013
529 Crampton Street, Reno, NV 89502	$285,000	–	1	745	7,013
508 Crampton Street, Reno, NV 89502	$293,000	5	4	3,208	6,969
513 Burns Street, Reno, NV 89502	$399,900	3	3	1,260	3,049
929 Locust Street, Reno, NV 89502	–	2	1	746	2,483
1035 Locust Street, Reno, NV 89502	–	–	6	3,131	6,970
521 Crampton Street, Reno, NV 89502	–	–	1	864	7,013
515 Burns Street, Reno, NV 89502	$490,000	1	1	756	3,850
509 Burns Street, Reno, NV 89502	$545,000	3	3	1,360	3,049

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Listing Courtesy of Reno Realty, Kristopher Kent, License #7433

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.

Reno, NV

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