The DCG Multifamily Report summarizes monthly sales and rental data for small to large apartment complexes in the Reno/Sparks metro area.

2. reno multifamilySALES
2016
# Address Sale Price # Units $/Door Sale Date Complex Area Year Built
1 6002 Plumas St, Reno, NV 89519 $40,250,000 311 $129,421 7/21/2016 Lakeridge East SW Reno 1979
2 5300 Los Altos Pkwy, Sparks, NV 89436 $35,450,000 264 $134,280 2/4/2016 High Rock 5300 Sparks 2002
3 350 Harbour Cove Dr, Sparks, NV 89434 $35,000,000 240 $145,833 12/15/2016 Marina Village Sparks 2003
4 3302 Skyline Blvd, Reno, NV 89509 $28,500,000 204 $139,706 12/15/2016 Skyline Canyon SW Reno 1973
5 800 Nichols Blvd, Sparks, NV 89434 $25,350,000 240 $105,625 8/31/2016 Green Leaf Apartments Sparks 1980
6 800 Redfield Pkwy, Reno, NV 89509 $21,800,000 174 $125,287 11/16/2016 The Lodge at McCarran Rnch SW Reno 1989
7 1100 15th St, Sparks, NV 89431 $15,500,000 230 $67,391 12/22/2016 Courtside Garden Sparks 1975
8 4050 Baker Ln, Reno, NV 89509 $14,748,000 184 $80,152 6/14/2016 Willowbrook Apartments SW Reno 1972
9 550 Howard Dr, Sparks, NV 89434 $14,250,000 199 $71,608 9/27/2016 Marina Gardens Sparks 1973
10 4145 Neil Rd, Reno, NV 89502 $12,500,000 213 $58,685 7/15/2016 Alder Creek Villas Airport 1979
11 1850 Idlewild Dr, Reno, NV 89509 $10,250,000 113 $90,708 10/13/2016
Village At Idlewild Park
Apartments
SW Reno 1973
12 1305 Pyramid Way, Sparks, NV 89431 $9,150,000 112 $81,696 11/2/2016
Hidden Oaks Village
Apartments
Sparks 1977
13 1430 Carlin St, Reno, NV 89503 $5,450,000 84 $64,881 7/29/2016 Carlin St Apartments NW Reno 1977
TOTAL
SALES Avg. $/Door
# Units
Sold
$268,198,000 $104,438 2,568
reno multifamily market report

3. reno multifamilySALES
2016reno multifamily market report
# Address
1 6002 Plumas St, Reno, NV 89519
2 5300 Los Altos Pkwy, Sparks, NV 89436
3 350 Harbour Cove Dr, Sparks, NV 89434
4 3302 Skyline Blvd, Reno, NV 89509
5 800 Nichols Blvd, Sparks, NV 89434
6 800 Redfield Pkwy, Reno, NV 89509
7 1100 15th St, Sparks, NV 89431
8 4050 Baker Ln, Reno, NV 89509
9 550 Howard Dr, Sparks, NV 89434
10 4145 Neil Rd, Reno, NV 89502
11 1850 Idlewild Dr, Reno, NV 89509
12 1305 Pyramid Way, Sparks, NV 89431
13 1430 Carlin St, Reno, NV 89503

4. reno multifamilySALES
20162016
2016
# $
2016 Year End Sales
2016 was a strong year for multifamily sales, especially during
the second half of the year. This quarterly data was compiled
from the Washoe county assessor and is divided between small
and large multifamily properties.
2016reno multifamily market report

5. $101K $89K
TOTAL SALES TOTAL SALES
$ $
UNITS SOLD
#
UNITS SOLD
#
$290M 2,879 $32M 356
DOLLARS / DOOR
2016 2016
DOLLARS / DOOR
reno multifamilySALES
2016reno multifamily market report

6. reno multifamilyRENTAL TRENDS
Apartment Rent Growth
Reno’s apartment rent growth is staggering and currently sits at
the highest average rental rate in history. Reno surpassed
national trends with a dramatic 12.6% rental growth during
2016. Apartment demand remains very high with virtually no
vacancy issues. Vacant apartments marketed on the internet can
produce 50 to 100 inquiries in a matter of days.
2016reno multifamily market report

7. reno multifamilyRENTAL TRENDS
2016reno multifamily market report

8. reno multifamilyCONSTRUCTION
PLANNED CONSTRUCTION - 7,056
UNDER CONSTRUCTION - 1,312New Multifamily Units
Like much of the nation Reno developers have been trying to
keep up with the strong demand for apartments. With the
shortage of single family housing and affordability issues, Reno
is a market with a high demand for new multifamily inventory.
2016reno multifamily market report

9. Under Construction
Project Name Units Location Area Status
Sierra Vista 336 Arrowcreek Parkway
South
Reno Construction
Fountain House
Apartments 236 Victorian Plaza Circle at C Street Sparks Construction
Vineyard at the Galleria 210 Sparks Galleria Sparks Construction
The Harvest-Phase I 278 Damonte Ranch
South
Reno Construction
The Village at Arrow
Creek Parkway-II 252
Arrowcreek Parkway & Wedge
Parkway
South
Reno Construction
reno multifamilyCONSTRUCTION
2016reno multifamily market report

10. Planned Construction
Project Name Units Location Area Status
The Villas at Keystone
CanyonPhase II 96
Keystone Avenue & North
McCarran Boulevard NW Reno Planning Stages
Confidential 305
Directly West of The Villas at
Keystone Canyon NW Reno Planning Stages
Silverado Development 96 Wingfield Springs Sparks Planning Stages
Silver Peak Apartments 420
Intersection of Military Road &
Lemmon Drive
North
Valleys
Special Use Permit will
expire March 2019
Vista Rafael Apartments 416
North Virginia Street & Vista
Rafael Parkway
North
Valleys Planning Stages
Confidential 280 Sparks Market Sparks Planning Stages
LandCap Project 300 Prater Way & Vista Boulevard Sparks Planning Stages
Lumina-Phase I 312 Wingfield Springs
North
Sparks Planning Stages
Lumina-Phase II 240 Wingfield Springs
North
Sparks Planning Stages
The Point at the Marina 920
LandCap Project, East of Sparks
Marina Sparks
Entitled for up to 920
Units
Waterfront at the Marina 209
Around Existing Parking Garage
@ Sparks Marina Sparks
Beginning Construction
2016
Confidential 400 South Reno Market
South
Reno Planning Stages
Steamboat Creek 468
Geiger Grade & South Virginia
Street
South
Reno Planning Stages
Summit Club 584 Mt. Rose Highway
South
Reno Planning Stages
The Harvest-Phase II 300 Damonte Ranch
South
Reno Planning Stages
Park Lane-Reno Urban
Development 1200 Park Lane
Midtown
Reno Planning Stages
The Bridges 198 Victorian Square Sparks
Beginning Construction
2016
Sharlands Apartments 312
Southeast Corner Sharlands &
Mae Anne NW Reno
Beginning Construction
2017
reno multifamilyCONSTRUCTION
2016reno multifamily market report

11. 3rd Street Flats
● Status - Completed
● Type - Motel Conversion
● Units - 94
● Location - Downtown Reno
Fountainhouse Sparks
● Status - Under Construction
● Type - New Construction
● Units - 236
● Location - Downtown Sparks
The Harvest Phase 1
● Status - Under Construction
● Type - New Construction
● Units - 278
● Location - South Reno
Square One
● Status - Completed
● Type - Motel Conversion
● Units - 100
● Location - Downtown Sparks
reno multifamilyCONSTRUCTION
2016reno multifamily market report

12. Northern Nevada Jobs
The Greater Reno/Sparks area is starting to see
and feel the unprecedented growth in the area
thanks to many key factors. Near the end of 2014,
Tesla Motors named Nevada the official site for the
Tesla Gigafactory, a massive factory to produce
batteries for it’s electric vehicles. According to the
Governor’s Office of Economic Development, over
22,715 jobs could be created in Northern Nevada
thanks to Tesla, as well as a substantial increase in
construction and housing activity. The Economic
Development Authority, or EDAWN, is projecting an
increase of more than 51,000 primary and
secondary jobs from 2015 to 2019 for the region.
renoJOB GROWTH
reno multifamily market report 2016

14. # Address Sale Price # Units $/Door Sale Date Area Year Built
1 350 Harbour Cove Dr, Sparks, NV 89434 $35,000,000 240 $145,833 12/15/2016 Sparks 2003
2 3302 Skyline Blvd, Reno, NV 89509 $28,500,000 204 $139,706 12/15/2016 SW Reno 1973
3 800 Redfield Pkwy, Reno, NV 89509 $21,800,000 174 $125,287 11/16/2016 SW Reno 1989
4 1100 15th St, Sparks, NV 89431 $15,500,000 230 $67,391 12/22/2016 Sparks 1975
5 1850 Idlewild Dr, Reno, NV 89509 $10,250,000 113 $90,708 10/13/2016 SW Reno 1973
6 1305 Pyramid Way, Sparks, NV 89431 $9,150,000 112 $81,696 11/2/2016 Sparks 1977
7 4305 W 4th St, Reno, NV 89523 $2,000,000 17 $117,647 11/29/2016 NW Reno 1950
8 1413 N Virginia St, Reno, NV 89503 $770,000 6 $128,333 11/16/2016 University 1975
9 441 W 2nd St, Reno, NV 89503 $750,000 20 $37,500 10/7/2016 Downtown Reno 1917
10 3596 Gypsum Rd, Reno, NV 89503 $720,000 8 $90,000 12/12/2016 N.Reno 1979
11 927 Manhattan St, Reno, NV 89512 $650,000 9 $72,222 12/2/2016 East Reno 1986
12 3641 Gypsum Rd, Reno, NV 89503 $515,000 4 $128,750 11/28/2016 N.Reno 1984
13 900 Eden Ct, Reno, NV 89509 $500,000 6 $83,333 10/26/2016 SW Reno 1964
14 720 Stewart St, Reno, NV 89502 $499,000 8 $62,375 11/21/2016 East Reno 1973
15 1440 Lander St, Reno, NV 89509 $475,000 3 $158,333 10/27/2016 Old SW Reno 1947
16 908 Humboldt St, Reno, NV 89509 $325,000 2 $162,500 11/2/2016 Old SW Reno 1940
17 420 Roberts St, Reno, NV 89502 $315,000 3 $105,000 11/7/2016 East Reno 1932
18 336 Mary St, Reno, NV 89509 $314,900 3 $104,967 10/18/2016 Midtown Reno 1949
19 1206 Parkview St, Reno, NV 89502 $278,000 4 $69,500 10/31/2016 Airport 1970
20 1061 Tyler Way, Sparks, NV 89431 $272,500 2 $136,250 10/31/2016 Sparks 1979
21 1308 Powell Ln, Reno, NV 89502 $270,000 2 $135,000 10/21/2016 Airport 2004
22 809 Wheeler Ave, Reno, NV 89502 $265,000 5 $53,000 10/19/2016 Midtown Reno 1926
23 965 Eden Ct, Reno, NV 89509 $260,000 2 $130,000 10/14/2016 SW Reno 1959
24 318 E 4th St, Reno, NV 89501 $250,000 3 $83,333 10/11/2016 Downtown Reno 1979
25 1202 Arnold Dr, Reno, NV 89512 $210,000 2 $105,000 10/27/2016 East Reno 1963
26 1695 Kirman Ave, Reno, NV 89502 $185,760 2 $92,880 11/14/2016 East Reno 1959
27 691 E Taylor St, Reno, NV 89502 $150,000 2 $75,000 12/2/2016 East Reno 1953
28 369 Broadway Blvd, Reno, NV 89502 $136,500 2 $68,250 11/23/2016 East Reno 1951
Average $/Door 2-10 Units # Units Sold Total Sales
$94,380 78 $7,361,660
Average $/Door 10+ Units # Units Sold Total Sales
$110,766 1,110 $122,950,000
reno multifamilySALES
Q416reno multifamily market report

15. reno multifamilySALES
Q416reno multifamily market report
# Address
1 350 Harbour Cove Dr, Sparks, NV 89434
2 3302 Skyline Blvd, Reno, NV 89509
3 800 Redfield Pkwy, Reno, NV 89509
4 1100 15th St, Sparks, NV 89431
5 1850 Idlewild Dr, Reno, NV 89509
6 1305 Pyramid Way, Sparks, NV 89431
7 4305 W 4th St, Reno, NV 89523
8 1413 N Virginia St, Reno, NV 89503
9 441 W 2nd St, Reno, NV 89503
10 3596 Gypsum Rd, Reno, NV 89503
11 927 Manhattan St, Reno, NV 89512
12 3641 Gypsum Rd, Reno, NV 89503
13 900 Eden Ct, Reno, NV 89509
14 720 Stewart St, Reno, NV 89502
15 1440 Lander St, Reno, NV 89509
16 908 Humboldt St, Reno, NV 89509
17 420 Roberts St, Reno, NV 89502
18 336 Mary St, Reno, NV 89509
19 1206 Parkview St, Reno, NV 89502
20 1061 Tyler Way, Sparks, NV 89431
21 1308 Powell Ln, Reno, NV 89502
22 809 Wheeler Ave, Reno, NV 89502
23 965 Eden Ct, Reno, NV 89509
24 318 E 4th St, Reno, NV 89501
25 1202 Arnold Dr, Reno, NV 89512
26 1695 Kirman Ave, Reno, NV 89502
27 691 E Taylor St, Reno, NV 89502
28 369 Broadway Blvd, Reno, NV 89502

16. reno multifamilySALES
Q416reno multifamily market report

17. EMAIL trichardson@dicksoncg.com
OFFICE 775.850.3031
CELL 775.233.0754
TREVOR RICHARDSON
Multifamily & Investment Property Specialist
Multifamily Reporting
Dickson Commercial Group utilizes several key data sources to compile monthly
and quarterly multifamily sales and apartment rental data to provide a unique
and comprehensive overview of the Reno/Sparks market. For multifamily owners
and investors alike, this research provides the critical data necessary to make
informed and strategic decisions.
aboutDCG MULTIFAMILY
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The team at Dickson Commercial Group has been
working in the Northern Nevada market for nearly
35 years. Our seasoned group of real estate
professionals offers deep and diverse market
knowledge, proven problem solving abilities and
resourcefulness with a complete focus on
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We work as a team in the truest sense of the word.
We collaborate to find the best solutions and we
leverage the specific knowledge of each agent. Our
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specialists with accreditation through the Society of
Industrial and Office Realtors (SIOR) and Certified
Commercial Investment Members (CCIM).
2016reno multifamily market report
Sources: Washoe County Assessor, Johnson Perkins Griffin Real Estate Appraiser,
EDAWN
Disclaimer: All information contained herein is from sources deemed reliable:
however, no representation or warranty is made to the accuracy thereof.
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