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1331 Terrace Drive, Reno, NV 89503

Reno
Local realty services provided by:CENTURY 21 Prime
1331 Terrace Drive,Reno, NV 89503
$1,150,000
  • 7 Beds
  • 4 Baths
  • 3,293 sq. ft.
  • Multi-family
  • Active
Listed by: jo ann burke
Office: dickson realty - caughlin
MLS#:260004240
Source:NV_NNRMLS

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$349.23

About this home

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....

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Home facts

  • Year built:1927
  • Listing ID #:260004240
  • Added:1 day(s) ago
  • Updated:April 10, 2026 at 01:50 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Flooring:Luxury Vinyl
  • Kitchen Description:Dishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
  • Living area:3,293 sq. ft.

Heating and cooling

  • Heating:Heating

Structure and exterior

  • Year built:1927
  • Building area:3,293 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Sloped Down
  • Construction Materials:Brick
  • 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:$1,150,000
  • Price per sq. ft.:$349.23
  • Tax amount:$4,409

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
  • Laundry features:Dryer, In Unit, Washer

Parking

  • Parking description:Assigned, Parking Pad
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