Downtown Reno Homes with Other Other Structures

Welcome to Downtown Reno, a vibrant and dynamic neighborhood nestled in the heart of northern Nevada. Known for its rich history and modern flair, Downtown Reno is the perfect blend of urban excitement and natural beauty. This area is not just a destination; it’s a lifestyle, offering residents a unique opportunity to immerse themselves in a community that thrives on energy and innovation.

In Downtown Reno, you’ll find a diverse array of homes, including charming historic buildings and contemporary condos. Many properties come with additional structures, providing versatile spaces that can be transformed into guest houses, art studios, or even home offices. Imagine the possibilities of having a separate space just steps from your front door, perfect for work or leisure!

The neighborhood is alive with activity, featuring a variety of restaurants, shops, and entertainment options. The iconic Reno Arch lights up the skyline, welcoming you to explore the bustling streets filled with art galleries and local boutiques. Nature is never far away, with the beautiful Truckee River and scenic parks providing a tranquil escape from the urban hustle.

Living in Downtown Reno means being part of a community that values creativity and connection. Whether you’re enjoying a night out at a local brewery, attending a festival, or simply soaking in the stunning views of the Sierra Nevada mountains, you’ll find that Downtown Reno offers a lifestyle that’s as refreshing as it is inspiring. Come discover your new home in this remarkable neighborhood, where every day feels like an adventure!

Newest Downtown Reno Homes with Other Other Structures

$375,000

6 Beds ⋅ 2 Baths ⋅ 250056342 MLS

Exceptional investment and development opportunity in Reno's Downtown-University District. This listing is one of two contiguous parcels (Only being sold together. See also, MLS#250056342) at 336 & 344 East 7th Street, just blocks from the University of Nevada, Reno. Combined, the lots total approximately 12,600 sq. ft. (0.29 acres) and are zoned MD-UD (Mixed-Use Downtown - University District), one of Reno's most progressive zoning designations designed to encourage university-supportive housing, retail, and innovation uses. City Planning confirms no entitlements are required for the proposed conceptual project. Zoning allows a Floor Area Ratio of 3.0 to 4.0, which supports approximately 37,800 to 50,400 buildable square feet. There is no height limit under MD-UD zoning. Setbacks include 12 feet at the front and zero at the sides and rear (5 feet if abutting residential). Parking requirements are zero. Bicycle storage requirements are approximately 1.5 spaces per unit; a 115-unit concept would require about 170 secured bike spaces. A recent feasibility study highlights a conceptual plan as a four-story student-focused housing project of approximately 45,000 sq. ft., with an efficient mix of 75 studios (300 sq. ft.) and 40 one-bedrooms (500 sq. ft.), totaling about 115 units. Market rents in the University District average 1,100 for studios and 1,400 for one-bedrooms, supporting gross annual income of approximately 1.66M and net operating income of about 1.16M after 30 percent expenses. Projected development costs, including land and construction at 300 per sq. ft., are estimated around 14.5M, supporting an 8 percent return on cost. This is only a conceptual plan and not to be relied on as factual. The site benefits from its prime location near UNR, Midtown, and Downtown Reno, excellent access to transit, and proximity to retail, dining, and educational amenities. With by-right zoning, zero parking requirements, and strong rental demand from students and young professionals, this is a rare opportunity to deliver a high-yield urban infill project in one of Reno's most dynamic submarkets.

336 E 7th St, Reno

Start Your Search

© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed