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

Reno
Local realty services provided by:CENTURY 21 Sonoma Realty
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:49 day(s) ago
  • Updated:August 09, 2026 at 03:39 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
The information being provided by Northern Nevada Regional Mls Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Northern Nevada Regional Mls Inc.. CENTURY 21 Sonoma Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Sonoma Realty, a broker participant of Northern Nevada Regional Mls Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Northern Nevada Regional Mls Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Northern Nevada Regional Mls Inc.. All rights reserved. NV_NNRMLS Member Broker: J. Patrick Gray

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