University Terrace Homes under $1.25 million

**Discover the Charm of University Terrace in Reno, NV**

Welcome to University Terrace, a vibrant and inviting subdivision nestled in the heart of Reno, Nevada. This charming community is perfectly situated near the University of Nevada, Reno, making it an ideal location for students, faculty, and families alike. With its picturesque tree-lined streets and friendly atmosphere, University Terrace offers a unique blend of suburban tranquility and urban convenience.

One of the standout features of University Terrace is its diverse selection of homes, many of which are available for under $1.25 million. Whether you're searching for a cozy single-family home or a spacious abode with modern amenities, you'll find a variety of options that cater to different lifestyles and budgets. The homes in this area often boast beautiful architectural designs, well-maintained yards, and easy access to parks and recreational facilities, making it a perfect place to call home.

Living in University Terrace means enjoying the best of Reno's offerings. Residents have quick access to local shops, restaurants, and entertainment venues, as well as the breathtaking natural beauty of the surrounding Sierra Nevada mountains. Outdoor enthusiasts will appreciate the nearby hiking trails, lakes, and ski resorts, all just a short drive away.

With its appealing homes, strong sense of community, and prime location, University Terrace is more than just a neighborhood—it's a place where memories are made and lives are enriched. Explore the possibilities of finding your dream home in this delightful Reno subdivision today!

Newest University Terrace Homes under $1.25 million

$970,000

9 Beds ⋅ 6 Baths ⋅ 260012416 MLS

Rare opportunity in central Reno! 1369 Faland Way comes with an approved Special Use Permit for boarding/rooming house use with up to 15 beds, and the City of Reno has confirmed the permit runs with the property, not the owner. This spacious home offers 9 bedrooms and 6 bathrooms, giving you plenty of room and flexibility for a wide range of uses. At the heart of the home is a very large kitchen built to handle a full house, plus two additional kitchenettes that add convenience and help spread out daily use. A separate office/flex space works well as a management office, study area, or extra common room. Parking includes 4 drive spaces, plus ample street partking, a real plus for a property of this size. Conveniently located near hospitals, bus lines, UNR, downtown, and restaurants. Opportunities like this with an existing Special Use Permit in place are hard to find. Buyer to verify all zoning, permit terms, and intended use with the City of Reno. Showings available by appointment. Do not bother tenants. Please call listing agent.

1369 Faland Way, Reno

$495,000

2 Beds ⋅ 1 Baths ⋅ 260012212 MLS

Charming brick bungalow with a fantastic location near the University! New interior paint and newly refinished classic hard wood floors, and an additional 272 sq. ft. unfinished basement for added storage/utility. Positioned on a well sized lot, plenty of parking, and a detached 1-car garage. Great backyard space for entertaining.. Roof replaced 2022. Furnace replaced 2015.

1138 Codel Way, Reno

$599,000

4 Beds ⋅ 2 Baths ⋅ 260011835 MLS

Brick home 2 blocks away from UNR with excellent off street parking. This is your opportunity to own the quintessential college rental property. The upper level has 2 bedrooms with original hardwood floors, cozy living room with wood burning fireplace, and a shared bath. The lower level has separate outside access with lock-off, kitchenette, laundry area, den, and two more bedrooms with shared bath. The fully fenced yard is ideal for dog ownership and BBQs with family and friends. There is an unusual amount of off-street parking, and additional parking in the rear courtyard. Only 45 minutes from the natural splendor of Lake Tahoe. Nevada residents enjoy zero state income tax.

1144 Buena Vista Ave, Reno

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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.

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