250 College Drive, Reno, NV 89503

Local realty services provided by:ERA Realty Central
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:110 day(s) ago
  • Updated:October 02, 2025 at 03:41 PM

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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