University of Nevada Homes under $500,000

Welcome to the vibrant community of the University of Nevada subdivision in Reno, Nevada—a prime location where education, culture, and a lively atmosphere converge! Nestled in Washoe County, this charming neighborhood is just a stone's throw away from the prestigious University of Nevada, Reno, making it an ideal spot for students, faculty, and families alike.

One of the standout features of this subdivision is the affordability it offers. With a variety of homes available for under $500,000, this area presents an incredible opportunity for first-time homebuyers, investors, or anyone looking to settle down in a dynamic and growing community. These homes boast a range of styles and sizes, ensuring that there’s something for everyone. From cozy single-family residences to modern townhouses, the options are plentiful.

Living in the University of Nevada subdivision means you’re surrounded by a wealth of amenities. Enjoy easy access to local parks, coffee shops, and restaurants, as well as cultural attractions like art galleries and theaters that breathe life into the neighborhood. The proximity to the university also means you can partake in various events, lectures, and activities that keep the community engaged and inspired.

Whether you’re looking to embrace a lively college-town atmosphere or simply seeking a welcoming place to call home, the University of Nevada subdivision in Reno offers a unique blend of affordability, accessibility, and charm. Explore your options today and discover why this neighborhood is the perfect place to plant your roots!

Newest University of Nevada Homes under $500,000

$379,900

2 Beds ⋅ 1 Baths ⋅ 260012384 MLS

Vacant and ready to move in home; within walking distance to the University of Nevada. Home has been upgraded to include triple pane windows, newer electrical switches, new laminate flooring, stainless steel appliances, slider patio door, new front door, interior paint, and a bay window in the breakfast nook area. The garage was converted into the kitchen area which expanded the interior living area of the home. The actual square footage of the home is 900 plus square feet. Additionally the large tuff shed is included for additional storage space. Mature trees provide lots of shade for the hot summer days.

45 Sutton 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

$340,000

2 Beds ⋅ 2 Baths ⋅ 260012209 MLS

This 2-bedroom, 2-bathroom home offers nearly 1,300 sq ft of comfortable living space, with vaulted ceilings throughout and an open-concept kitchen that make it feel even bigger. Large walk-in closets in both bedrooms add rare extra storage, and a newly installed HVAC system means you're covered on comfort and efficiency from day one. This home is a great fit for a small family, first-time buyer, or UNR student — the university is just around the corner, and you're on a major bus line with easy access to schools and shopping. The gated community amenities take it even further: basketball courts, a pool, a playground for the little ones, and a party hall you can rent out for special events all included in your HOA dues. Come see everything this home and community have to offer!

2151 Barberry Way, Reno

$475,000

2 Beds ⋅ 2 Baths ⋅ 260012136 MLS

Location, Location, Location! Ideally situated within walking distance or a short bike ride to UNR, Rancho San Rafael Park, downtown Reno, shopping, dining, hiking trails, and freeway access.This well-maintained 2-bedroom, 1.5-bath home offers charm, comfort, and an oversized .18-acre lot in desirable Northwest Reno. The spacious yard provides plenty of room for gardening, entertaining, or future possibilities, while refinished hardwood floors add warmth and character to the inviting interior. Numerous updates include sewer and water lines, Milgard windows, roof and gutters w/ gutter guards, exterior siding and paint, electrical panel, Samsung heat/AC pump, updated bathroom, refreshed kitchen countertops, and professionally landscaped front yard with drip irrigation. With its generous lot, extensive updates, and desirable Northwest Reno location, this home is a fantastic opportunity for a first-time buyer, investor, or those looking to downsize.

68 Sunnyside Dr, Reno

$450,000

2 Beds ⋅ 1 Baths ⋅ 260011693 MLS

Charming 1942 Brick Bungalow with a front porch to relax on. Kitchen and bathroom are newly remodeled reflecting todays style. This large corner lot has great access from the side to the yard with a double gate. Room for a RV or boat etc... There is a single 264sf detached garage. Large yard is fully fenced as is the front with a wrought iron fence and gate. Safety for little ones or your favorite pet. Full unfinished basement houses the washer and dryer. Lots of room for a workshop and storage. Location of this home is ideal. Close to UNR, downtown, airport and shopping.

960 Ralston St, Reno

$425,000

2 Beds ⋅ 1 Baths ⋅ 260011613 MLS

No showings as Listing to be Withdrawn. Seller is prepping it and will be re-listed for Rent. Old Northwest Reno opportunity near UNR and Downtown! This 2-bedroom, 1-bath home offers classic character, hardwood flooring, natural light, and an efficient floor plan with plenty of potential for updating and personalization. The generous lot provides private outdoor space for family gatherings, while the detached garage and extended driveway offer additional parking, storage, or workshop flexibility. Conveniently located near the University of Nevada, Reno, Rancho San Rafael Park, Downtown Reno, the Truckee River, shopping, dining, and recreation. Vacant and easy to show—come explore the possibilities!

970 Vine St, Reno

$469,000

3 Beds ⋅ 1 Baths ⋅ 260011412 MLS

Welcome home to this charming single-story Reno property offering 3 bedrooms, 1 bathroom, and 1,160 square feet of living space on a generous 0.19-acre lot. Built in 1947, this home offers character and a comfortable layout with plenty of opportunity to make it your own. Enjoy cozy evenings by the fireplace and take advantage of the spacious backyard and covered patio—perfect for outdoor entertaining, relaxing, gardening, or simply enjoying the extra space. A convenient one-car garage provides parking and additional storage. The location is a standout, with easy access to the University of Nevada, Reno, downtown Reno, shopping, Reno-Tahoe International Airport, and Interstate 80. Whether you're a first-time homebuyer, an investor, or looking to downsize, this property offers an excellent opportunity in a convenient Reno location. Come see the possibilities and envision your next chapter here! Please read private remarks.

1075 University Ter, Reno

$279,000

3 Beds ⋅ 2 Baths ⋅ 260010821 MLS

Entering the home, you step into a separate living room, with the dining nook leading directly into the galley style kitchen. A laundry area with cabinetry is located in the hallway near the kitchen for everyday convenience. The primary bedroom is positioned on the left wing of the home and includes an ensuite bath, while two additional bedrooms and a hall bath are located on the right wing. Exterior features include a covered two car carport, two backyard sheds, a concrete patio, and a small deck with wood benches. Both the front and rear entries have ramps, offering accessible access points. The property is part of the Sierra Gardens community, with nearby conveniences and easy access to major roadways.

2710 Larkspur St, Reno

$384,999

3 Beds ⋅ 1 Baths ⋅ 260005885 MLS

Charming and move-in ready! This home offers stylish laminate flooring, a warm and inviting fireplace, and an updated kitchen with modern cabinetry and beautiful backsplash finishes. The oversized backyard includes a large concrete patio area, recently installed grass, newer fencing, and a spacious storage shed perfect for extra storage or hobbies. Ideally situated close to downtown Reno, UNR, the Reno Livestock Center, shopping, dining, and quick freeway access.

880 Southworth Dr, 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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