903 W 7th Street

Description

Exceptional investment opportunity near the University of Nevada, Reno. This fully renovated fourplex offers modern finishes, strong rental demand, and unmatched versatilityideal for investors, owner-occupants seeking to offset their mortgage, or parents looking for quality housing and long-term stability for their UNR students. All four units feature vaulted ceilings, creating a more premium and spacious feel throughout the interiors. Each unit received a full cosmetic remodel in late 2021, including updated interior and exterior paint, new windows, upgraded flooring, remodeled bathrooms, shaker-style cabinetry, stainless steel appliances, granite countertops, modern lighting, enhanced millwork, new interior doors, and efficient on-demand water heaters. Major capital systems have also been addressed: the sewer line from the building to the city connection was replaced in 2023, and a commercial backflow device was installed in 2025 to meet current city standards. The four units consist of a 392 sq ft studio and three one-bedroom/one-bath units measuring 672 sq ft, 532 sq ft, and 520 sq ft (one including a small office) totally 2116 square feet. Tenants pay refuse collection and electricity, while the owner pays gas, water, and sewer. The surrounding neighborhood has experienced meaningful improvement and growth, including a newer commercial corridor with restaurants, shopping, and groceries all within close proximity. Recent additions such as In-N-Out, Cracker Barrel, Starbucks, and other new establishments have contributed to increased convenience and long-term appreciation for the area. Located minutes from UNR, public transportation, major employment centers, and daily amenities, this fourplex offers strong rental demand, minimal near-term maintenance, and excellent long-term potential for any buyer seeking a reliable income-producing property.