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$650,000

LOCATION LOCATION LOCATION! This 3-unit multifamily property is gleaming with potential. Ideally located within walking distance of the University of Nevada, Reno and Downtown Reno, making it highly attractive to students, professionals, and renters alike. Each unit features its own private entrance, providing added privacy and appeal. The charming detached 1-bedroom, 1-bath "cottage" offers a generous side yard complete with raised garden beds and lots of space to play. The upstairs unit is a move-in-ready 2-bedroom, 1-bath with plenty of natural light and comfortable living space. The downstairs unit is a spacious 1-bedroom, 1-bath featuring an oversized bedroom and is currently vacant while undergoing cosmetic improvements. With a little vision and finishing touches, this property has the potential to achieve an estimated 7% CAP rate - an increasingly rare opportunity in today's market. Whether you're looking to expand your portfolio, house-hack, or invest in a high-demand rental area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.

4 Beds ⋅ 3 Baths ⋅ 260007966 MLS

1301 Faland Way Unit 1, 2, 3, Reno

$799,000

There is a rare kind of magic in a home that has watched a city grow for nearly a century. Built in 1939, this timeless brick Tudor stands as a beautiful anchor to Reno's past, completely reimagined for modern living. Located just blocks from the University of Nevada, Reno, and a five minute drive from downtown, it offers a lifestyle rooted in convenience and historic neighborhood charm. Inside, original hardwood floors guide you under classic arched doorways and into a sun drenched living room centered around a wood burning fireplace. French doors open into a large bonus room, an ideal space for a home office or quiet reading lounge. The main floor transitions effortlessly from the dining area into a fully remodeled kitchen, with floor to ceiling cabinetry, quartz countertops and stainless steel appliances. The versatility of the property unfolds downstairs in the finished walk out basement. Designed with independent Next-Gen capabilities, this lower level functions as a private guest suite or multi-generational living quarters, complete with a stylized butcher-block kitchenette, secondary living space, wide plank flooring, and a laundry room. Outside, the expansive deck overlooks a lush green lawn and a mature shade trees. Whether you are hosting a summer dinner as the twilight sky settles over Reno or walking up to campus for an afternoon event, this historic home offers a unique piece of Reno heritage with every modern comfort already taken care of.

4 Beds ⋅ 2 Baths ⋅ 260007556 MLS

1114 The Strand, Reno