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About This Home
This 7-bedroom, 4-bathroom residential multi family at 1331 Terrace Drive in Reno, NV is listed for $1,150,000 ($349 per sqft). Built in 1927, the home offers 3,293 sqft of living space on a 0.16 acres lot.
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. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio. Additional photos are available upon request.
Key Features
- Built in 1927
- 0.16 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$6,150/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1331 Terrace Drive
Reno, NV 89503
Campus Heights Addition
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 1331 Terrace Drive is listed at $1,150,000 ($349/sqft). The estimated monthly payment is $4,983 based on 20% down at 6.5% interest.
Key features include: Built in 1927, 0.16 acre lot, 2 stories.
This property is listed by Jo Ann Burke and can be reached at 7758489070 or jburke@Dicksonrealty.com.
