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963 S Center St, Reno
$350,000
1 Beds ⋅ 1 Baths ⋅ 260012442 MLS
Welcome to 963 S Center St, a charming 1935 cottage in the heart of Reno's Midtown. You're steps from the neighborhood's restaurants, coffee shops, breweries, boutiques and galleries, with downtown just minutes away. The home offers 1 bedroom and 1 bath in 638 sq ft of single-level living, with the character you'd expect from a Midtown original. Below, a 261 sq ft basement adds valuable bonus space for storage, a workshop or hobby room. Zoned MU-MC (Mixed-Use Midtown Commercial), the property opens the door to a range of possibilities. Live in it, work from it, or both. Think cozy owner-occupied home, creative studio, professional office or small business in one of Reno's most vibrant corridors. Homeowners, entrepreneurs and investors alike can make this Midtown address their own. Buyers to verify permitted uses with the City of Reno and all square footage.

963 S Center St, Reno

1611 Stewart St, Reno
$399,900
3 Beds ⋅ 1 Baths ⋅ 260012408 MLS
Brand new Electrical Panel Just Installed!! Adorable and move-in ready! This charming 3-bedroom, 1-bath Reno home offers approximately 950 square feet with beautiful hardwood floors throughout. One of the highlights is the fabulous fully fenced backyard with plenty of lawn, room for gardens, and a covered patio perfect for outdoor dining, entertaining, pets, or simply relaxing. A one-car garage provides additional parking and storage, and the washer, dryer, and refrigerator are all included. Tucked away on a quiet street yet conveniently located near shopping, dining, and everyday amenities. A wonderful opportunity for a first-time buyer, downsizer, or anyone looking for a charming, easy-to-maintain home with exceptional outdoor space. Homes this cute don't come along often—come see it for yourself and make 1611 Stewart Street your new home!

1611 Stewart St, Reno

5215 Cypress Point Dr, Reno
$1,798,500
4 Beds ⋅ 3 Baths ⋅ 260012294 MLS
"This is one of the BEST views in all of Reno!" Signature setting with lush fairways on three sides, sweeping Downtown Reno skyline & mountain views, over 3/4 acre with no HOA, and more than $600K invested in a comprehensive remodel. Located on private Hidden Valley Golf Course, the property also offers exceptional space for a future garage, ADU, workshop or studio. "This home feels brand new, and they got the mid-century modern vibe right." The extensive renovation goes far beyond finishes, with all-new plumbing and electrical, new 200-amp panel, ducting, windows, smooth-finish drywall, R-41 insulation, tankless water heater, whole-house Halo water filtration & whole-home air filtration. Additional upgrades include solid-core doors, upgraded lighting, wide-plank luxury LVP throughout with no carpet or interior steps, modern front and garage doors, and R-30 garage insulation. A dramatic 16-foot engineered sliding glass wall opens the great room directly to the backyard, immediately drawing your eye to the views beyond. Nearly every room is oriented toward fairway and mountain views. From sunrise over the eastern mountains to vivid Nevada sunsets, twinkling city lights & changing light throughout the day, this home is positioned to enjoy the setting from morning through evening. Electric window coverings & new roller shades provide privacy when desired. Stunning kitchen; Custom walnut cabinetry, an oversized quartz island, 48-inch Dacor Professional Smart Cooktop with Bluetooth connectivity, 48-inch Dacor Smart Column refrigerator/freezer with integrated camera, dual GE Smart Dishwasher Drawers & touchless pull-out faucet anchor the sleek kitchen. The adjoining dining room & built-in bar feature wall-to-wall custom cabinetry, walnut surfaces, cabinet rollouts, a 42-inch Kohler under-mount entertainment trough sink & 155-bottle dual-temperature Vinotemp wine refrigerator. The primary suite is a true spa retreat with a heated circulating soaking tub with custom quartz surround, heated floors, walk-in shower with body sprays & handheld shower, TOTO heated smart bidet/toilet, custom walnut cabinetry with under-cabinet lighting, LED anti-fog mirrored medicine cabinets, electric window coverings & a fully customized walk-in closet with automatic lighting. Just outside the glass doors, the hot tub offers a front-row seat to the expansive views. The office/fourth bedroom offers glass doors to a front patio and sunrise views. An additional guest bedroom & full bath complete this wing, while a second ensuite on the opposite side is ideal for guests or multigenerational living, complete with a walk-in shower, & smart toilet. The laundry room features sage green cabinetry, honed quartz counters & an LG built-in WashTower. Smart-home technology includes a Eufy five-camera security system, Nest 4th Generation thermostat, smart appliances, USB-C outlets, extensive dimmable lighting, interconnected fire alarms, electric blinds, smart garage controls, Wi-Fi front entry & automated exterior lighting. Outside, improvements include new landscaping, irrigation and landscape lighting, paver patios and sidewalks with integrated walkway lighting, new stucco exterior, new gutters, mature apple, pear and cherry trees, and a private gate providing direct golf course access. A circular driveway, RV parking & generous guest parking provide ample room for vehicles, recreational equipment & toys. The fully finished garage includes epoxy flooring, overhead storage racks, wall-mounted swivel bike racks, dual Tesla EV charging capability, dedicated 50-amp RV outlet, smart garage opener & a modern walnut-finish garage door. A custom 10x16 storage shed is already in place, and a $5,000 deposit toward a Clear Span steel building. The .78-acre site offers the opportunity for an additional garage, ADU, workshop, studio, substantial storage or even an indoor pickleball/recreation space, subject to applicable approvals.

5215 Cypress Point Dr, Reno

190 Locust St, Reno
$1,240,000
260012193 MLS
190 Locust is an 8-unit multifamily property in Reno's supply-constrained 89502 submarket — offered on its own or alongside its nearly identical sister building at 900 Willow Street for buyers who want to double up to 16 doors in a single transaction. The two properties are separately parceled, so investors can take one or both. Constructed in 1964 with concrete block and masonry bearing walls, this two-story building carries eight uniform 506 SF one-bedroom, one-bath units across 4,048 SF of building on a 5,461 SF lot zoned Mixed-Use (MU). 190 Locust also includes a 276 SF basement area — currently used for storage but plumbed with real potential for conversion into a common-area laundry room, opening up a new income stream and a straightforward lift to NOI. The address puts tenants minutes from Renown Regional Medical Center — northern Nevada's largest hospital and one of the region's most reliable rental-demand drivers — with Midtown Reno, the South Wells Avenue corridor, downtown, the Truckee Riverwalk, and the University of Nevada all within easy reach. The all-one-bedroom floor plan set matches Reno's expanding pool of single medical professionals, young workers, and students, making 190 Locust an easy fit for value-add operators, 1031 exchange buyers seeking stabilized-with-upside product, and out-of-state investors targeting the medical district.

190 Locust St, Reno

900 Willow St, Reno
$1,240,000
260012194 MLS
900 Willow is a freshly painted 8-unit apartment building available on its own or paired with its nearly identical sister property at 190 Locust Street, giving investors the flexibility to acquire 8 doors or a full 16-door portfolio in Reno's rental-hungry 89502 submarket. Both buildings are separately parceled and can be purchased individually or together. Built in 1964, the two-story building holds eight matching one-bed/one-bath units at roughly 506 SF each, totaling 4,048 SF with Mixed-Use (MU) zoning. The durable block construction has kept long-term capex, insurance, and maintenance costs low for decades, and individual wall heaters in every unit keep the utility structure clean and tenant-paid. Interior updates are already underway across the units — enough to reduce day-one turn work while leaving clear runway to keep pushing rents through continued unit-by-unit improvements. The exterior was just repainted, so the building shows and leases quickly. Renown Regional Medical Center — northern Nevada's largest hospital and a constant source of nurses, residents, techs, and traveling medical staff hunting small, affordable, walkable units — sits around the corner. Midtown's restaurant and nightlife scene, the South Wells commercial strip, downtown Reno, the Truckee Riverwalk, and the University of Nevada are all within a short walk or quick drive. With a uniform all-one-bedroom mix that mirrors Reno's growing base of single medical workers, young professionals, and students, 900 Willow is a clean fit for value-add multifamily investors, 1031 exchange buyers, and out-of-state operators looking for a foothold in Reno's medical-district rental market.

900 Willow St, Reno

311 Cheney St, Reno
$544,900
2 Beds ⋅ 1 Baths ⋅ 260012009 MLS
A completely updated bungalow in the middle of Midtown, one of Reno's most sought-after districts offering exceptional walkability, a thriving local arts and culinary scene, boutique shops and historic neighborhoods. Parcel is zoned PO, can be used as a residence or business. This 962 sf, 2bd/1ba house just oozes charm. Architectural details were painstakingly preserved while major modern updates were carried out. Updates included all new pex plumbing and ventilation stack, new main water line from the street, and new electrical. Brand new kitchen and bathroom, new doors throughout, new window framing and sills. Living room windows have solar shades as well as privacy film so the partial mountain views can be experienced while still enjoying your privacy. Plenty of off street parking as well. A century of character preserved: from original built-ins, board and batten style ceilings in kitchen and bathroom, plaster walls and gorgeous refinished White Oak and Douglas Fir floors. This house offers storage galore with linen cabinet and drawers in the hallway, dining hutch, and a large pantry off the kitchen. There is also an approximately 250sf unfinished basement. Relax in front of the gas fireplace or enjoy the private backyard, this home is ready to be your Midtown oasis.

311 Cheney St, Reno

2237 Kietzke Ln Unit 2237C, Reno
$245,500
2 Beds ⋅ 2 Baths ⋅ 260011983 MLS
Welcome home to this inviting 2-bedroom, 2-bathroom condo offering 1,001 square feet of comfortable single-story living. As a ground-floor end unit, this home offers convenient access and a thoughtfully designed layout with warm, welcoming interiors and plenty of space to make your own. Step inside to discover beautiful wood-look laminate flooring that flows throughout the living spaces, creating a cohesive and stylish feel. The spacious living room features a charming fireplace, recessed lighting, and French doors that open to the outdoor patio, providing a wonderful space to relax or entertain. The open-concept design connects the living area to the dining space and kitchen, making everyday living feel effortless. The kitchen features crisp cabinetry, sleek dark countertops, stainless steel appliances, and a convenient breakfast bar that opens to the dining area. Whether you're preparing a quick meal or hosting friends, this space offers both functionality and style. Down the hall, you'll find two generously sized bedrooms, including a comfortable primary suite with its own private bathroom. The second bedroom offers flexibility for guests, a home office, or hobbies. Both bathrooms provide practical layouts and ample storage, while the primary bathroom features a spacious vanity and tub/shower combination. Additional highlights include an in-unit laundry area with washer and dryer, built-in cabinetry for extra storage, and a private outdoor patio with a covered area and access to a storage closet. The end-unit location adds an extra touch of privacy and convenience. With its desirable ground-floor layout, inviting living spaces, fireplace, private outdoor area, and convenient 2-bedroom, 2-bathroom floorplan, this condo is ready to welcome you home. Come see all that this charming property has to offer! **Home is being sold AS-IS.

2237 Kietzke Ln Unit 2237C, Reno

312 E Taylor St, Reno
$875,000
6 Beds ⋅ 3 Baths ⋅ 260011972 MLS
Single-family house AND a duplex located in one of Reno's most sought after residential / rental neighborhoods. Walkable to Midtown, Wells Ave. District, and Downtown. Highly desirable for owner-occupiers and tenants alike. Reside in the house and rent the duplex units to offset living expenses or rent the entire property to maximize income. The house was built in nineteen twenty, has an additional five hundred thirty-eight square foot basement, tandem (or RV) parking, and private front and rear yards. The duplex was built in nineteen eighty-eight, features two identical two bedroom / one bathroom units, a private back yard, and a total of four off-street parking spaces. The house and both duplex units all have in-unit washer & dryer hookups. The house is separately metered for gas, electricity, and water. The duplex units are separately metered for gas and electricity. The duplex is accessible via a wide alley at the rear of the property, creating a sense of separation between the house and duplex. Income and expense information available upon request.

312 E Taylor St, Reno

360 Roberts St, Reno
$475,000
2 Beds ⋅ 2 Baths ⋅ 260011132 MLS
Welcome to this charming Reno red brick home that beautifully blends classic character with modern updates throughout. The completely remodeled kitchen features stylish finishes and is complemented by fully remodeled bathrooms. Luxury vinyl plank flooring runs throughout the home, creating a clean, cohesive, and low-maintenance feel. Major improvements include new plumbing throughout the house, newer furnace and air conditioning, a newer roof, and new black exterior windows that add a modern touch while enhancing energy efficiency. Fresh interior and exterior paint give the home a crisp, updated appearance from top to bottom. Outside, enjoy a xeriscaped yard with a privacy fence, offering a low-maintenance outdoor space perfect for relaxing or entertaining. A convenient one-car garage provides secure parking and additional storage. With its classic brick exterior, extensive renovations, and desirable low-maintenance features, this home is truly move-in ready and a great opportunity in Reno.

360 Roberts St, Reno

5480 Cypress Point Dr, Reno
$2,150,000
3 Beds ⋅ 3 Baths ⋅ 260010614 MLS
A Rare Hidden Valley Estate — Golf, Pickleball, Luxury & No HOA Truly one of a kind in Hidden Valley. Completely reimagined in an extensive 2020 remodel, this exceptional modern farmhouse occupies what may be one of the finest residential lots in the neighborhood—positioned just off the 16th green of historic Hidden Valley Country Club, with beautiful golf-course views, remarkable privacy, no HOA, and a collection of amenities rarely found in a single Reno property. Designed for both sophisticated everyday living and effortless entertaining, the home begins with a grand covered entry leading into an inviting foyer and directly through to a second covered outdoor living area. The thoughtful floor plan places all three bedrooms in the private west wing. The primary suite is a true retreat, with a beautifully appointed bath featuring a steam shower, soaking tub and heated flooring , while two additional bedrooms share an elegant guest bath. A welcoming piano/living room with fireplace transitions into the expansive heart of the home—an open great room combining the kitchen, dining and family spaces. Every detail reflects the quality of the remodel, including a motorized hydraulic TV mount, full wet bar with beverage chiller and dedicated ice machine, dual dishwashers and refrigerator with matching cabinet faces, and an oversized pantry complete with microwave and coffee bar. The outdoor living may be even more impressive. A third covered patio creates a true four-season entertaining space with a built-in barbecue, three retractable screens and three infrared heaters. Beyond it lies an amenity almost impossible to duplicate in an established Reno neighborhood: your own lighted outdoor pickleball court. A dedicated golf-cart structure provides convenient parking and easy access to the adjoining private golf course. For the automobile enthusiast, hobbyist, athlete or executive needing substantial additional space, the approximately 2,050-square-foot garage is extraordinary. Epoxy floors, three roll-up doors, a dedicated gym and workshop make it considerably more than a garage—it is an extension of the home. The location further distinguishes this property. Hidden Valley sits on Reno's eastern slopes, prized for its more temperate setting, convenient freeway access and proximity to year-round recreation. Private aviation access is only minutes away, while Reno-Tahoe International Airport and the Reno-Tahoe business corridor are exceptionally convenient. For an executive relocating to Northern Nevada, a second-home buyer seeking the Reno-Tahoe lifestyle, a golfer who wants the course just beyond the backyard, or a pickleball enthusiast wanting something virtually impossible to reproduce, this property stands in a category of its own. Golf-course setting. Private lighted pickleball court. Exceptional outdoor living. 2,050-square-foot garage. No HOA. Extensively remodeled. Outstanding access to private aviation, the airport and Reno's major business centers. Properties offering this combination of location, land, recreation, privacy and luxury amenities are exceedingly difficult to find—and even harder to recreate. This isn't simply another Hidden Valley home. It's the kind of property buyers wait years to find. Seller financing available: 3 year term; 5.5 interest rate; 600K down.

5480 Cypress Point Dr, Reno

443 Burns St, Reno
$419,900
2 Beds ⋅ 1 Baths ⋅ 260009035 MLS
Eclectic, walkable, and full of charm — this 1943 bungalow puts you in the middle of everything that makes Midtown and the Wells Avenue district one of Reno's most loved neighborhoods. With 2 bedrooms, 1 bath, and 946 square feet, it pairs original character with modern comfort, including a newly added Mitsubishi Electric Heat Pump System for efficient central heating and air conditioning. Inside, you'll find original hardwood floors and newer vinyl windows. Fresh exterior paint gives the home crisp curb appeal. A unfinished basement houses the washer and dryer and offers generous storage, while the fully fenced yard gives you private outdoor space on a low-maintenance lot. Outside your door, Midtown delivers: locally owned restaurants, coffee shops, breweries, boutiques, and live music, all within an easy stroll. Downtown Reno's Riverwalk, events, and entertainment are minutes away, and the VA Sierra Nevada Health Care System is just a few blocks from home — a real convenience for veterans and medical professionals. Character, comfort, and one of Reno's best locations.

443 Burns St, Reno

3230 Piazzo Cir, Reno
$705,000
4 Beds ⋅ 3 Baths ⋅ 260008538 MLS
Priced $56,000 below appraisal. Home needs some TLC but lots of upside potential. Price reflects condition. Rare listing in gated Hidden Valley Cove, a community of 24 homes located with private community gate. Neighboring homes are very well kept with few resales at much higher prices Assessor says 5 bedrooms but one of the bedrooms does not have full walls but has 1/2 bath, and closet. Much better use would be den or office. Open floor plan with large rooms. Kitchen has double ovens, GE profile appliances, and lots of counter space. Family room with gas fireplace as well as fireplace between bedroom and bath with double sinks, jetted tub, large walk in closet and door to backyard is level and landscaped then walled with slight upslope. There is a welcoming courtyard in the front with low gate. 3 car garage is insulated with insulated doors and hanging racks for lots of easy access storage. This is a probate sale subject to bidding and court approval. Sold strictly in current condition with seller doing no repairs and no concessions for repairs. Buyer to verify all information including HOA.

3230 Piazzo Cir, Reno

330 Broadway Blvd, Reno
$859,950
3 Beds ⋅ 3 Baths ⋅ 260008423 MLS
Excellent investment opportunity in the heart of Midtown Reno! This well-maintained triplex consists of a duplex with separate gas and electric meters for each unit and a shared water meter, plus a detached third unit with its own water, gas, and electric meters. All three units have been fully remodeled and feature luxury vinyl plank flooring, updated ABS waste lines, stainless steel appliances, and gas ranges. Each unit is currently leased on one-year agreements at $1,395 per month, providing immediate rental income. Situated on an MF-30 zoned lot, the property offers exceptional redevelopment potential, with zoning allowing for up to six units (buyer to verify with the City of Reno). Whether you're seeking a turnkey income property or a future development opportunity, this is a rare investment in one of Reno's most desirable central locations.

330 Broadway Blvd, Reno

215 Sinclair St, Reno
$875,000
260008011 MLS
Seller Financing available on this Prime Downtown Reno Mixed-Use Development Site - Contiguous 4-Parcel Assemblage Position your next project at the intersection of urban design and maximum utility. This strategic mixed-use development opportunity brings together four contiguous parcels (APNs: 011-173-18, 011-173-17, 011-173-01, and 011-173-02) within the highly walkable Sinclair and Pine Street corridor. Situated squarely within the Downtown Reno Business Improvement District, this footprint offers an elite development canvas. It is tailored for a forward-thinking builder looking to create a true destination—whether your vision calls for luxury multi-family housing over ground-floor boutique retail, pedestrian-focused townhomes, or flexible live-work urban spaces. To streamline your pre-development timeline, comprehensive conceptual design renderings are available upon request. These existing plan materials illustrate the site's layout potential, maximizing spatial volume and street-front interaction under Reno's highly favorable urban design guidelines. Located steps from the Truckee River, the Midtown District, and downtown's core employment centers, this unique land portfolio eliminates the friction of piecemeal land acquisition. Instead, it offers a clean, project-ready footprint poised to capture Reno's sustained demand for connected, urban living. Buyer and buyer's agent are advised to verify total combined acreage, specific utility capacities, and fallback mixed-use zoning requirements directly with the City of Reno planning division. Conceptual Drawings in Documents.

215 Sinclair St, Reno

2180 Stanton Ln, Reno
$415,000
3 Beds ⋅ 3 Baths ⋅ 260007998 MLS
Charming townhome located in The Cottages, offering comfort, convenience, and low-maintenance living. This 3-bedroom, 2.5-bath home with a 2-car garage features an open floorplan filled with abundant natural light. The main level showcases ceramic tile flooring, while the upstairs offers a blend of wood and vinyl plank flooring for a modern, updated feel. The functional layout includes all three bedrooms upstairs, each equipped with ceiling fans, along with a conveniently located upstairs laundry area. The kitchen and living spaces flow seamlessly, creating an ideal setting for both everyday living and entertaining. Step outside to a fully landscaped backyard, offering a comfortable outdoor space that's easy to maintain. Ideally situated with close proximity to shopping, restaurants, and parks, this home combines style, practicality, and a highly convenient location.

2180 Stanton Ln, Reno

468 Capitol Hill Ave, Reno
$765,000
6 Beds ⋅ 4 Baths ⋅ 260007314 MLS
The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this fully occupied asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

468 Capitol Hill Ave, Reno

1739 Hymer Ave, Sparks
$350,000
1 Beds ⋅ 1 Baths ⋅ 260003422 MLS
Don't miss this cute one bedroom close to downtown Sparks. This completely remodeled 1-bedroom, 1-bath charmer is a must-see! It has been thoughtfully updated with new flooring (luxury vinyl plank + fresh carpet), an inviting tiled entry, and a beautiful kitchen featuring stainless steel appliances, a farmhouse sink, and bright LED lighting. The bathroom is sleek and modern with a new vanity and stylish shower enclosure. Energy-efficient dual-pane vinyl windows throughout. Step out back to a generous fenced yard, additional side yard space, and a large parking lot (alley access) that can fit 4-6 vehicles with ease. Conveniently located near the freeway yet peaceful—perfect for first-time buyers, investors, or anyone seeking low-maintenance living. Truly move-in ready and packed with value!

1739 Hymer Ave, Sparks

537 Colorado River Blvd, Reno
$299,000
260001611 MLS
Discover an unparalleled investment opportunity in the heart of a rapidly growing area! This vacant lot is situated just next to Midtown, one of the city's most sought-after and vibrant neighborhoods. Why is this the perfect investment? The seller provides building plans for two stunning duplexes! Imagine four spacious units, each boasting 3 bedrooms and 2.5 bathrooms ideal for families, young professionals, or anyone looking for modern, comfortable living. With Midtown's skyrocketing popularity and its proximity to this lot, demand for quality housing is at an all-time high. Adding to this, the lot offers a wealth of opportunities and is conveniently located near shopping centers and the exciting Reno Experience District.

537 Colorado River Blvd, Reno

344 E 7th St, Reno
$375,000
3 Beds ⋅ 2 Baths ⋅ 250056343 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 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.

344 E 7th St, Reno

336 E 7th St, Reno
$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

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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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