1301 Faland Way #1, 2, 3, Reno, NV 89503

Reno
Local realty services provided by:ERA Realty Central
1301 Faland Way #1, 2, 3,Reno, NV 89503
$650,000
  • 4 Beds
  • 3 Baths
  • 2,040 sq. ft.
  • Multi-family
  • Active
Listed by: nicholas abe, kane and partners real estate
Office: re/max professionals-reno
MLS#:260007966
Source:NV_NNRMLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$318.63

About this home

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...

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Home facts

  • Year built:1941
  • Listing ID #:260007966
  • Added:54 day(s) ago
  • Updated:August 14, 2026 at 03:37 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Flooring:Carpet, Laminate, Luxury Vinyl, Tile
  • Kitchen Description:Dishwasher, Electric Range, Refrigerator
  • Living area:2,040 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heating, Oil

Structure and exterior

  • Year built:1941
  • Building area:2,040 sq. ft.
  • Lot area:0.1 Acres
  • Lot Features:Corner Lot, Landscaped
  • Construction Materials:Wood Siding
  • Levels:Two

Schools

  • High school:Reno
  • Middle school:Clayton
  • Elementary school:Elmcrest

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$318.63
  • Tax amount:$1,188

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Varies By Unit, Washer

Parking

  • Parking description:Common, Parking Pad, Varies by Unit
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