Property Description

Exceptional investment opportunity located just blocks from The University of Nevada Reno, easy access to the lively downtown area and a short trip to the popular Rancho San Rafael Regional Park. This rare multifamily property sits on a prominent corner lot and includes two well-maintained duplexes (4 total units). With flexible MF-30 zoning, there is significant upside potential for future redevelopment, additional units, or long-term cash flow. Ample off-street parking for residents. Each of the units have attractive laminate flooring throughout and an abundance of natural light from the windows. The single-level layout of each unit features an open floorplan, creating a comfortable and inviting living space. Whether you’re seeking a turnkey cash-flowing asset or a strategic redevelopment play, this property offers the flexibility and location that seasoned investors seek. Opportunities like this—zoned MF-30, on a corner lot, and walking distance to a major university—don’t come along often.

Features
: Electricity Connected, Sewer Connected, Water Connected, Internet Connected, Natural Gas Connected
: No
Address Map
US
NV
Washoe
Reno
University Terrace
89503
College
250
0
W120° 10' 47.2''
N39° 32' 27.3''
Neighborhood
Elmcrest
Reno
Clayton
Additional Info
RE/MAX Professionals-Reno
Chante Hargrove
06-13-2025 22:45:31
Active
06-13-2025
8450
1934-o
06-13-2025
$0
06-13-2025 22:54:20
1
$0
007-105-01
$0
$0

Residential Income Residential

250 College, Reno, Nevada 89503

0.22 Acre
$1,250,000
Listing ID #250051510
Basic Details
Property Type : Residential Income
Listing Type : Residential
Listing ID : 250051510
Serial Number : 20250521183618544861000000
Price : $1,250,000
View : Trees
Year Built : 1955
Lot Area : 0.22 Acre
Status : Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent