University Area Redevelopment
For Sale
$1,237,000
208 UNIVERSITY TERRACE, Reno, NV 89503
Redevelopment site near the University of Nevada campus.
Property Size1,230 SF
Price / SF$1,005
Days on Market321
Property Features for 208 UNIVERSITY TERRACE
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Multifamily
Building Details
Year Built
1921
Listing Agency:
Johnson Group Commercial
(775) 232-8551
Listed By:
Ryan Johnson, CCIM · License #NV #BS.1707
(775) 232-8551
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 11 at 5:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johnson Group Commercial
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity within walking distance of the University of Nevada campus. Situated strategically above downtown, the location offers potential desirability. Currently, a single-family home occupies the site, but the highest and best use is considered to be a multi-family project. The property is located next to the University and its $200 million expansion project, and is also situated blocks from downtown. The property is located on the corner of University Terrace and West. The property size is 1230 square feet.
Key Highlights
- Prime redevelopment site near the University of Nevada campus.
- Walking distance to the University and downtown.
- Located next to the University's $200 million expansion project.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
Explore this area
Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Redevelopment site near the University of Nevada campus.
Where is this multifamily property located?
The property is located at 208 UNIVERSITY TERRACE Reno, NV.
What is the asking price?
The asking price for this property is $1,237,000.
What are key features of this property?
This property features: Prime redevelopment site near the University of Nevada campus.; Walking distance to the University and downtown.; Located next to the University's $200 million expansion project.
