DCG Multifamily specialist Gerrit Hillebrand, CCIM, represented the seller, MJD Development, LLC, in the $7,000,000 sale of a 29,070-square-foot, 38-unit apartment building at 1301 Stardust Street. The recently renovated property was 94.74% occupied at the time of purchase, with a vacancy rate of 5.26%.

The asset is situated on 0.849 acres in the Old Northwest Reno submarket and offers direct access to Interstate 80 via the Keystone Avenue exit. The location is surrounded by various new retail developments, including CVS Pharmacy, Surf Thru Car Wash, and West End Commons—home to In-N-Out Burger, Cracker Barrel, Starbucks, Chipotle, and Panera Bread.