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    Lakeside Dr Reno, NV 89509

    Sponsored
    For Sale
    $575,000

    Land, Other - Reno, NV

    Lot size:
    0.52 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 5 at 9:06 am

    Property Features for Lakeside Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.52 Acres

    Building Details

    Architectural style
    Other

    NextHome, Inc

    Listing agent Tim Lambdin (775) 762-8355 License #NV #BS.7450,PersonLicenseNumber

    Listing date Dec 30, 2025

    MLS# 250053191 Listing URL

    Copyright © 2025 NextHome, 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

    Virginia Lake Multifamily Land Parcel

    This 0.52-acre parcel is zoned for Multi-Family (MF-30) use and is located in the Virginia Lake area of Old Reno. The property is one of the last heirloom properties in the area and presents the possibility for a boutique Renaissance Cottage Townhome cluster or a place to build one or two homes. The location is near trees, a lake, a city dog walking park, and offers a legacy neighborhood feeling. Preliminary investigations by the agent suggest positive reactions from the City of Reno for multi-family infill, potentially supporting around 18 units. This type of parcel is becoming increasingly rare.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.80838013
    Latitude
    39.49839783

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    FAQs

    What type of property is this?
    Land - Half-acre multifamily zoned land in Reno's Virginia Lake area.
    Where is this land located?
    The property is located at Lakeside Dr Reno, NV.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Zoned multi-family (MF-30) offering significant development potential.; - Prime location in the highly sought-after Virginia Lake area of Old Reno.; - Rare 1/2-acre parcel, one of the last of its kind in the area.
    (775) 813-3414
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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
    Lakeside Dr Reno, NV 89509
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