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$410,000
2 Beds ⋅ 1 Baths ⋅ 260002492 MLS
Investor Alert! Exceptional opportunity just minutes from the University of Nevada, Reno. Situated on a 7,000 sq ft lot and zoned MF-14, this property offers tremendous potential for investors looking to maximize value in a highly desirable rental location near campus, shopping, and dining. The existing 1,228 sq ft home with a partial basement provides a strong starting point with several possible investment strategies: Option 1: Add a Detached ADU Take advantage of the MF-14 zoning and add a detached 800-1,000 sq ft ADU in the rear yard. Renovate the existing home and consider finishing the basement to create dual rental income streams. Option 2: Convert or Expand to a Duplex Expand and renovate the charming 1938 single-family home into a modern duplex by adding an 800-1,000 sq ft attached unit and finishing the basement. This option stays within the base MF-14 density of two units without requiring a density bonus. Option 3: Redevelop to a Triplex For a larger project, demolish the existing improvements and build a new 2,400-3,000 sq ft three-unit multifamily property (townhome or stacked style). With qualifying small or affordable units, a density bonus may allow development of three units. With strong rental demand near campus and flexible zoning, this property presents multiple pathways for value-add or redevelopment. A rare chance to secure an investment property in one of Reno's most sought-after rental corridors. Buyer and buyer's agent to perform their own due diligence and verify all information in the MLS, including but not limited to zoning, development potential, square footage, and allowable uses.

1025 Bell St, Reno
$425,000
4 Beds ⋅ 2 Baths ⋅ 260000075 MLS
Welcome to 424 West 10th Street, a solid, well-built Reno classic offering the perfect blend of nostalgic charm, modern livability, and proven investment appeal. Maintained and updated over the years, this home delivers warmth, character, and comfortable living spaces that feel instantly inviting. This property has demonstrated excellent rental potential, previously leased at 3,200/month to college tenants (5 minute walk to UNR) and 2,600/month to a family lease (recently ended). It is now vacant and ready for its next owner—whether that's an investor looking for strong returns or a buyer wanting a unique, character-filled place to call home. Located in the desirable "Old Northwest Reno" neighborhood near, UNR, Midtown, schools, parks, city conveniences, and commuter routes, the setting offers both lifestyle and practicality. The home has that classic Reno charm paired with updates over time, making it attractive for comfortable living today with room to personalize if desired. Offered at $419,000 and priced for a quick sale, this is an outstanding opportunity in a market where comparable values are clearly trending higher. Whether you're seeking dependable rental potential, future appreciation, or simply a cool nostalgic Reno home with heart, 424 10th Street is a property worth seeing. There is also a detached finished single car garage with now being used as a workshop, breakfast nook addition blocked car access to the garage but makes a cool workshop. Zoned business commercial. All information to be verified by buyers and buyers agent.

424 W 10th St, 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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