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    400 Minerva Ln Reno, NV 89503

    For Sale
    $899,000

    MULTI_FAMILY - Reno, NV

    Property size:
    2,939 SF
    Lot size:
    0.44 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 400 Minerva Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Single Pane Window(s)
    Zoning
    MF-30
    APN
    007-201-22 / 007-201-23
    Parking
    2
    Size
    2,939 SF
    Lot size
    0.44 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Varies
    Building materials
    Block, Brick, Concrete, Frame, Wood Siding
    Roof type
    Shingle, Composition

    Chase International Real Estate (866) 889-4817 [email protected]

    Listing agent Corry Castaneda (775) 745-2194 License #B.1001732

    Listing date Oct 29, 2025

    Copyright © 2025 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.

    Overview

    Redevelopment Opportunity Near University

    Located near the University of Nevada, Reno, this dual-parcel property at 400 and 0 Minerva Lane in Reno, NV, presents a redevelopment opportunity. The site spans approximately 0.435 acres (18,945 sq. ft.) across two contiguous parcels (APNs 007-201-22 & 007-201-23), which are being sold together. An existing 2,939 sq. ft. structure with three units is on the property. The zoning is MF-30 within the West University Neighborhood Plan Overlay, suitable for multi-family development. The existing structure includes a duplex main house with two 2-bed/1-bath units (one upstairs and one downstairs) and a separate detached 1-bed/1-bath unit. The downstairs unit is currently occupied by a tenant. Under the current zoning, developers can build up to 13 units, with density bonuses available. Up to 23 units are possible for smaller (under 800 sq.ft.) unit designs (80 percent Bonus Density), up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45 percent Bonus Density), and up to 17 units for larger (under 1,200 sq.ft.) formats (35 percent Bonus Density). The property allows walkable access to UNR, restaurants, and downtown amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.821064
    Latitude
    39.533722

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    FAQs

    What type of property is this?
    Residential land & home lot - Dual-parcel property near UNR ideal for multi-family development.
    Where is this residential land & home lot located?
    The property is located at 400 Minerva Ln Reno, NV.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity near the University of Nevada, Reno (UNR) and downtown Reno.; - Dual-parcel property totaling +/-0.435 acres (+/-18,945 sq.ft.) zoned MF-30, ideal for multi-family development.; - Existing +/-2,939 sq.ft. structure with 3 units provides immediate rental income potential.
    (775) 745-2194
    Request Owner's contact information
    400 Minerva Ln Reno, NV 89503
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    Reno, NV 89503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Minerva Ln Reno, NV 89503
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