Skip To Content

250 College Drive

Reno, NV 89503
  • $1,149,000
  • STATUS: Active
  • ON SITE: 154 Days
  • MLS #: 250051510
UPDATED: 32 min ago
$1,149,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Exceptional investment opportunity located just blocks from UNR, easy access to the lively downtown area and a short trip to the popular Rancho San Rafael Regional Park. This rare multifamily property sits on a prominent corner lot and includes well-maintained twin duplexes (4 total units). With flexible MF-30 zoning, there is significant upside potential for future redevelopment, additional units, or long-term cash flow. Ample off-street parking for residents. Each of the units have attractive laminate flooring throughout and an abundance of natural light from the windows. The single-level layout of each unit features an open floorplan, creating a comfortable and inviting living space. Whether you're seeking a turnkey cash-flowing asset or a strategic redevelopment play, this property offers the flexibility and location that seasoned investors seek. Opportunities like thiszoned MF-30, on a corner lot, and walking distance to a major universitydon't come along often.

Monthly Payment Calculator

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-11-15T16:19:41.497.
www.vaulethomes.com/homes/164903333
Print Image

250 College Drive Reno, NV 89503

  • Price: $1,149,000
  • Status: Active
  • On Site: 154 Days
  • Updated: 32 min ago
  • MLS #: 250051510
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1955
Built
Neighborhood:
89503
County:
Washoe
Area:
89503
Elementary School:
Elmcrest
Middle School:
Clayton
High School:
Reno
Property Description
Exceptional investment opportunity located just blocks from UNR, easy access to the lively downtown area and a short trip to the popular Rancho San Rafael Regional Park. This rare multifamily property sits on a prominent corner lot and includes well-maintained twin duplexes (4 total units). With flexible MF-30 zoning, there is significant upside potential for future redevelopment, additional units, or long-term cash flow. Ample off-street parking for residents. Each of the units have attractive laminate flooring throughout and an abundance of natural light from the windows. The single-level layout of each unit features an open floorplan, creating a comfortable and inviting living space. Whether you're seeking a turnkey cash-flowing asset or a strategic redevelopment play, this property offers the flexibility and location that seasoned investors seek. Opportunities like thiszoned MF-30, on a corner lot, and walking distance to a major universitydon't come along often.
Exterior Features

Attached Garage YN No Construction Materials Shingle Siding Exterior Features None Foundation Details Crawl Space Parking Features CommonParking PadRV Access/Parking Patio And Porch Features [] Pool Features None Roof AsphaltPitchedShingle Spa Features None Window Features Double Pane WindowsVinyl Frames

Interior Features

Accessibility Features [] Appliances DishwasherDryerRefrigeratorWasher Building Area Total 2470 Common Walls [] Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features In UnitWasher HookupVaries By Unit Levels One Unit1 Baths Total 1 Unit2 Baths Total 1 Unit3 Baths Total 1 Unit4 Baths Total 1 Units Furnished None

Property Features

Association Amenities [] Association Fee Includes [] Buyer Financing [] Covenants Conditions Restrictions YN No Fencing Back Yard Green Energy Generation [] Green Water Conservation [] Listing Terms 1031 ExchangeCashConventional Lot Features Corner LotLevelSprinklers In FrontOther Other Equipment [] Other Structures Shed(s) Owner Pays Sewer Parking Total 8 Property Sub Type Quadruplex Road Frontage Type [] Road Responsibility [] Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions [] Tax Annual Amount 1792.22 Tenant Pays GasElectricity Unit Type Type [] Unit1 Actual Rent 1200 Unit1 Unit Type 1 Bedroom Unit2 Actual Rent 1200 Unit2 Unit Type 1 Bedroom Unit3 Actual Rent 1200 Unit3 Unit Type 1 Bedroom Unit4 Actual Rent 1200 Unit4 Unit Type 1 Bedroom Utilities Electricity ConnectedInternet ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Waterfront Features [] Zoning MF30

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of RE/MAX Professionals-Reno: .

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-11-15T16:19:41.497.
 
https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_250051510-2.jpg https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_250051510-2.jpg https://bt-photos.global.ssl.fastly.net/reno/1280_boomver_1_250051510-2.jpg
Logo
Vaulet Group Real Estate at RE/MAX
5905 S. Virginia St. Suite 300
Reno NV, 89502