# 1331 Terrace Drive, Reno, NV 89503

> **TL;DR:** 7bd/4ba residential multi family, $1,150,000 ($349/sqft), built 1927, 3,293 sqft.
> A/C. Est. $4,983/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,150,000 |
| Price/sqft | $349 |
| Bedrooms | 7 |
| Bathrooms | 4 full |
| Square Feet | 3,293 |
| Year Built | 1927 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,983 |
| **Total** | **$4,983** |

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

- Built in 1927
- 0.16 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 1331 Terrace Drive, Reno, NV 89503
- **County:** Washoe
- **Neighborhood:** Campus Heights Addition
- **Coordinates:** 39.540893, -119.817995
- **Google Maps:** https://www.google.com/maps?q=39.540893,-119.817995

## Listing Agent

- **Name:** Jo Ann Burke
- **Brokerage:** Dickson Realty - Caughlin
- **Phone:** 7758489070
- **Email:** jburke@Dicksonrealty.com

## Primary Photo

![1331 Terrace Drive - Primary Photo](http://lh.rdcpix.com/2205e31cca25e7762bc102e0061e88d4l-f608921807r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/1331-terrace-drive-reno-nv-89503-60004240)*

---

**MLS#:** 260004240 | **Updated:** 2026-04-24
**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/1331-terrace-drive-reno-nv-89503-60004240)

---

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