Investment Opportunity!! Rare multiuse zoning allows for flexibility and numerous options for conversion. Leave it as a rental, or move a business into it! This house is in a fabulous location being 1 block away from UNR and San Rafael Park, as well as close to downtown. It's always rented, has ample storage space in the basement/laundry area, and an expansive yard for entertaining and gardening., Inspection/showing contingent on accepted offer - DO NOT DISTURB TENANTS! Drive by only! Please see uploaded APOD. Upstairs unit lease through April 1, 2023 and downstairs unit through August 1, 2023. **Property is being sold AS IS**
Closed
$580,000
1347 Terrace Dr, Reno, NV 89503
--beds
0baths
2,437sqft
Multi Family
Built in 1928
-- sqft lot
$678,000 Zestimate®
$238/sqft
$1,384 Estimated rent
Home value
$678,000
$631,000 - $732,000
$1,384/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 02:10pm
Listed by:
Ellen Lan B.1002983 775-770-4582,
All Star Realty
Bought with:
Stephanie Orona
Ferrari-Lund Real Estate South
YaYa Jackoby, BS.143515
Ferrari-Lund Real Estate South
Source: NNRMLS,MLS#: 220008187
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Appliances
- Included: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
- Laundry: Common Area
Features
- Flooring: Ceramic Tile, Varies, Wood
- Windows: Drapes, Single Pane Windows, Vinyl Frames, Wood Frames, Varies
- Has basement: No
Interior area
- Total structure area: 2,437
- Total interior livable area: 2,437 sqft
Property
Parking
- Total spaces: 6
- Parking features: None
Features
- Stories: 2
- Fencing: Back Yard
Lot
- Size: 5,662 sqft
- Features: Landscaped
Details
- Parcel number: 00712302
- Zoning: MU
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed, Varies By Unit
Community & neighborhood
Location
- Region: Reno
- Subdivision: Campus Heights Addition
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2023 | Sold | $580,000-3.2%$238/sqft |
Source:  NNRMLS #220008187 | ||
| 5/12/2023 | Pending sale | $599,000$246/sqft |
Source: NNRMLS #220008187 | ||
| 4/29/2023 | Price change | $599,000-2.6%$246/sqft |
Source: NNRMLS #220008187 | ||
| 3/30/2023 | Price change | $615,000-1.6%$252/sqft |
Source: NNRMLS #220008187 | ||
| 3/13/2023 | Price change | $625,000-1.9%$256/sqft |
Source: NNRMLS #220008187 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,344 -1.9% | $76,716 +2.2% |
| 2024 | $1,370 +7.9% | $75,050 +2.5% |
| 2023 | $1,269 +7.9% | $73,215 +15.6% |
Find assessor info on the county website
Neighborhood: Old Northwest - West University
Nearby schools
GreatSchools rating
- 2/10Elmcrest Elementary SchoolGrades: K-5Distance: 1.4 mi
- 7/10Archie Clayton Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$678,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$678,000