336 E 7th Street, Reno, NV 89512
Local realty services provided by:ERA Realty Central
336 E 7th Street,Reno, NV 89512
$375,000
- 6 Beds
- 2 Baths
- 1,128 sq. ft.
- Single family
- Active
Listed by: kimberly wilford
Office: re/max gold
MLS#:250056342
Source:NV_NNRMLS
Price summary
- Price:$375,000
- Price per sq. ft.:$332.45
About this home
Exceptional investment and development opportunity in Reno's Downtown-University District. This listing is one of two contiguous parcels (Only being sold together. See also, MLS#250056342) at 336 & 344 East 7th Street, just blocks from the University of Nevada, Reno. Combined, the lots total approximately 12,600 sq. ft. (0.29 acres) and are zoned MD-UD (Mixed-Use Downtown - University District), one of Reno's most progressive zoning designations designed to encourage university-supportive housing, retail, and innovation uses. City Planning confirms no entitlements are required for the proposed conceptual project. Zoning allows a Floor Area Ratio of 3.0 to 4.0, which supports approximately 37,800 to 50,400 buildable square feet. There is no height limit under MD-UD zoning. Setbacks include 12 feet at the front and zero at the sides and rear (5 feet if abutting residential). Parking requirements are zero. Bicycle storage requirements are approximately 1.5 spaces per unit; a 115-unit concept would require about 170 secured bike spaces. A recent feasibility study highlights a conceptual plan as a four-story student-focused housing project of approximately 45,000 sq. ft., with an efficient mix of 75 studios (300 sq. ft.) and 40 one-bedrooms (500 sq. ft.), totaling about 115 units. Market rents in the University District average 1,100 for studios and 1,400 for one-bedrooms, supporting gross annual income of approximately 1.66M and net operating income of about 1.16M after 30 percent expenses. Projected development costs, including land and construction at 300 per sq. ft., are estimated around 14.5M, supporting an 8 percent return on cost. This is only a conceptual plan and not to be relied on as factual. The site benefits from its prime location near UNR, Midtown, and Downtown Reno, excellent access to transit, and proximity to retail, dining, and educational amenities. With by-right zoning, zero parking requirements, and strong rental demand from students and young professionals, this is a rare opportunity to deliver a high-yield urban infill project in one of Reno's most dynamic submarkets.
Contact an agent
Home facts
- Year built:1930
- Listing ID #:250056342
- Added:139 day(s) ago
- Updated:February 10, 2026 at 04:34 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,128 sq. ft.
Heating and cooling
- Heating:Heating, Oil
Structure and exterior
- Year built:1930
- Building area:1,128 sq. ft.
- Lot area:0.13 Acres
Schools
- High school:Wooster
- Middle school:Vaughn
- Elementary school:Booth
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$332.45
- Tax amount:$985
New listings near 336 E 7th Street
- New
$500,000Active3 beds 2 baths1,450 sq. ft.7555 Lighthouse Lane, Reno, NV 89511
MLS# 260001591Listed by: RE/MAX PROFESSIONALS-RENO - New
$449,900Active3 beds 2 baths988 sq. ft.3085 Kings Row, Reno, NV 89503
MLS# 260001592Listed by: DICKSON REALTY - CAUGHLIN - New
$2,700,000Active5 beds 5 baths5,122 sq. ft.12910 Silver Wolf Road, Reno, NV 89511
MLS# 260001584Listed by: SIERRA SOTHEBY'S INTL. REALTY - New
$265,000Active1 beds 1 baths851 sq. ft.200 W 2nd Street #501, Reno, NV 89501
MLS# 260001579Listed by: DICKSON REALTY - CAUGHLIN - New
$669,000Active3 beds 2 baths1,620 sq. ft.10145 Toltec Court, Reno, NV 89521
MLS# 260001571Listed by: RE/MAX GOLD-CARSON CITY - New
$418,000Active3 beds 3 baths1,504 sq. ft.8830 Wolf Moon Drive, Reno, NV 89506
MLS# 260001566Listed by: AMRE - New
$729,900Active3 beds 3 baths2,592 sq. ft.11890 Heartpine Street, Reno, NV 89506
MLS# 260001559Listed by: RE/MAX PROFESSIONALS-RENO - Open Fri, 3 to 5pmNew
$659,000Active3 beds 3 baths1,800 sq. ft.1475 Waterloo Drive, Reno, NV 89509
MLS# 260001560Listed by: DICKSON REALTY - CAUGHLIN - Open Sat, 10am to 1pmNew
$680,000Active5 beds 5 baths2,186 sq. ft.4780 Koenig Road, Reno, NV 89506
MLS# 260001561Listed by: REAL BROKER LLC - New
$465,000Active3 beds 2 baths1,289 sq. ft.2771 Santa Ana Drive, Reno, NV 89502
MLS# 260001558Listed by: LPT REALTY, LLC