903 W 7th Street, Reno, NV 89503
Local realty services provided by:Better Homes and Gardens Real Estate Drakulich Realty
903 W 7th Street,Reno, NV 89503
$850,000
- - Beds
- - Baths
- 2,116 sq. ft.
- Multi-family
- Active
Listed by: kelli potts, rene brejc
Office: ascent property group
MLS#:250058568
Source:NV_NNRMLS
Price summary
- Price:$850,000
- Price per sq. ft.:$401.7
About this home
Exceptional investment opportunity near the University of Nevada, Reno. This fully renovated fourplex offers modern finishes, strong rental demand, and unmatched versatility—ideal for investors, owner-occupants seeking to offset their mortgage, or parents looking for quality housing and long-term stability for their UNR students. All four units feature vaulted ceilings, creating a more premium and spacious feel throughout the interiors. Each unit received a full cosmetic remodel in late 2021, including updated interior and exterior paint, new windows, upgraded flooring, remodeled bathrooms, shaker-style cabinetry, stainless steel appliances, granite countertops, modern lighting, enhanced millwork, new interior doors, and efficient on-demand water heaters. Major capital systems have also been addressed: the sewer line from the building to the city connection was replaced in 2023, and a commercial backflow device was installed in 2025 to meet current city standards. The four units consist of a 392 sq ft studio and three one-bedroom/one-bath units measuring 672 sq ft, 532 sq ft, and 520 sq ft (one including a small office) totally 2116 square feet. Tenants pay refuse collection and electricity, while the owner pays gas, water, and sewer. The surrounding neighborhood has experienced meaningful improvement and growth, including a newer commercial corridor with restaurants, shopping, and groceries all within close proximity. Recent additions such as In-N-Out, Cracker Barrel, Starbucks, and other new establishments have contributed to increased convenience and long-term appreciation for the area. Located minutes from UNR, public transportation, major employment centers, and daily amenities, this fourplex offers strong rental demand, minimal near-term maintenance, and excellent long-term potential for any buyer seeking a reliable income-producing property.
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Home facts
- Year built:1915
- Listing ID #:250058568
- Added:26 day(s) ago
- Updated:December 22, 2025 at 01:48 AM
Rooms and interior
- Living area:2,116 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Heating, Natural Gas
Structure and exterior
- Year built:1915
- Building area:2,116 sq. ft.
- Lot area:0.09 Acres
Schools
- High school:Reno
- Middle school:Marce Herz
- Elementary school:Elmcrest
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$401.7
- Tax amount:$1,524
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