# 1301 Faland Way, Reno, NV 89503

> **TL;DR:** 4bd/3ba residential multi family, $650,000 ($319/sqft), built 1941, 2,040 sqft. Est. $2,817/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $650,000 |
| Price/sqft | $319 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Square Feet | 2,040 |
| Year Built | 1941 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,817 |
| **Total** | **$2,817** |

## Nearby Schools

- **Elementary:** Elmcrest
- **Middle:** Clayton
- **High:** Reno

## Property Highlights

- Built in 1941
- 0.10 acre lot
- 2 stories
- 10 parking spaces

## Description

### Agent Description
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 area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.

## Location

- **Address:** 1301 Faland Way, Reno, NV 89503
- **County:** Washoe
- **Neighborhood:** University Terrace
- **Coordinates:** 39.540232, -119.822866
- **Google Maps:** https://www.google.com/maps?q=39.540232,-119.822866

## Listing Agent

- **Name:** Nicholas Abe
- **Brokerage:** RE/MAX Professionals-Reno
- **Phone:** 7752337356
- **Email:** nabe@remax.net

## Primary Photo

![1301 Faland Way - Primary Photo](http://lh.rdcpix.com/92d5c58393c4fc5d897567f2f41ea491l-f1028337459r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/1301-faland-way-reno-nv-89503-60007966)*

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**MLS#:** 260007966 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1301-faland-way-reno-nv-89503-60007966)

---

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