1311 Terrace Dr - Apartments FOR SALE


Reno, NV 89503- West University
$1,150,000 USD
775-848-9070
1311 Terrace Dr, Reno, NV for Sale
$1,150,000 USD
Apartments - FOR SALE
1/29
null | 6.24% Cap Rate

1311 Terrace Dr
Reno, NV 89503
West University


OVERVIEW

Prime UNR Triplex - Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno's most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

6.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,144 SF

ZONING

MU

APN/PARCEL ID

007-123-09

ASK ABOUT THIS PROPERTY

Jo Ann BurkeDickson RealtyMore Info
775-848-9070

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Jo Ann BurkeDickson RealtyMore Info
775-848-9070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.