250 College Drive, Reno, NV 89503
Local realty services provided by:Better Homes and Gardens Real Estate Universal
250 College Drive,Reno, NV 89503
$1,149,000
- - Beds
- - Baths
- 2,470 sq. ft.
- Multi-family
- Active
Listed by:chante hargrove
Office:re/max professionals-reno
MLS#:250051510
Source:NV_NNRMLS
Price summary
- Price:$1,149,000
- Price per sq. ft.:$465.18
About this home
Exceptional investment opportunity located just blocks from UNR, 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 well-maintained twin 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.
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Home facts
- Year built:1955
- Listing ID #:250051510
- Added:108 day(s) ago
- Updated:September 30, 2025 at 11:18 AM
Rooms and interior
- Living area:2,470 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Heating, Wall Furnace
Structure and exterior
- Year built:1955
- Building area:2,470 sq. ft.
- Lot area:0.22 Acres
Schools
- High school:Reno
- Middle school:Clayton
- Elementary school:Elmcrest
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$465.18
- Tax amount:$1,792
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