Homes for sale - 250 College DR Drive, Reno, NV 89503

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Brian Alexander

brian@nvbrian.com +1(775) 250-7120

$ 1,250,000

Est. payment | -/mo

2,470 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

2,470 SqFt

Key Details

Property Type Manufactured Home

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,470 sqft

Price per Sqft $506

Subdivision University Terrace

MLS Listing ID 250051510

Year Built 1955

Annual Tax Amount $1,792

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 0.22

Property Sub-Type Quadruplex

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.

Location

State NV

County Washoe

Community University Terrace

Area University Terrace

Zoning MF30

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Laundry In Unit, Washer Hookup, Varies By Unit

Exterior

Exterior Feature None

Parking Features Common, Parking Pad, RV Access/Parking

Pool None

Utilities Available Electricity Connected, Internet Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Asphalt,Pitched,Shingle

Garage No

Building

Lot Description Corner Lot, Level, Sprinklers In Front, Other

Story 1

Foundation Crawl Space

Water Public

Structure Type Shingle Siding

Schools

Elementary Schools Elmcrest

Middle Schools Clayton

High Schools Reno

Others

Tax ID 007-105-01

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by RE/MAX Professionals-Reno

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(775) 250-7120

brian@nvbrian.com

250 College DR Drive Reno, NV 89503