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.
- UTILITIES:
- Water Meter Installed, Cellular Coverage, Electricity Connected, Sewer Connected, Water Connected, Cable Connected, Internet Connected, Natural Gas Connected, Phone Connected
- Xstreet/Directions:
- GPS
- EXTERIOR FEATURES:
- No
- Country:
- US
- State:
- NV
- County:
- Washoe
- City:
- Reno
- Area:
- University Terrace
- Zipcode:
- 89503
- Street:
- Faland
- Street Number:
- 1301
- Floor Number:
- 0
- Longitude:
- W120° 10' 37.7''
- Latitude:
- N39° 32' 24.8''
- Elementary School:
- Elmcrest
- High School:
- Reno
- Middle School:
- Clayton
- Office Name:
- RE/MAX Professionals-Reno
- Agent Name:
- Nicholas Abe
- PhotoTimestamp:
- 06-21-2026 01:31:16
- Status Detail:
- Active
- Status Date:
- 06-21-2026
- Agent ID:
- 11048
- Listing Office 1:
- 1934-o
- Contract Date:
- 06-19-2026
- Sold Price:
- $0
- Update Date:
- 06-21-2026 01:39:39
- Stories:
- 2
- CIC Dues:
- $0
- Parcel #:
- 007-101-12
- Search Price:
- $0
- Price Per SQFT:
- $0
- Unit #:
- 1
Residential Income Residential
1301 Faland, Reno, Nevada 89503
- Property Type :
- Residential Income
- Listing Type :
- Residential
- Listing ID :
- 260007966
- Serial Number :
- 20260618190034499964000000
- Price :
- $650,000
- View :
- Trees
- Bedrooms :
- 4
- Bathrooms :
- 3
- Year Built :
- 1941
- Lot Area :
- 0.10 Acre
- Status :
- Active