1301 Faland Way, Reno, NV 89503
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 1:06 am
Property Features for 1301 Faland Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF14
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3
- Parking
- 10
- Patio and Porch features
- Patio
- Appliances
- Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 007-101-12
- Size
- 2,040 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1188
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air
- Water source
- Public
Building Details
- Year built
- 1941
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Tile, Laminate
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing agent Nicholas Abe License #S.174613 (775) 233-7356
Listing office RE/MAX Professionals-Reno 7900 Rancharrah Parkway Ste 210, Reno, NV (775) 345-3070
Listing date Jun 19, 2026
Copyright © 2026 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.
HighLights
- 3‑unit multifamily with a detached 1‑bedroom, 1‑bath “cottage” plus an upstairs 2‑bedroom, 1‑bath unit and a downstairs 1‑bedroom, 1‑bath unit
- Each unit has its own private entrance for added privacy
- Detached 1/1 cottage includes a generous side yard with raised garden beds
- Upstairs 2‑bedroom, 1‑bath unit is move‑in ready with plenty of natural light
- Downstairs 1‑bedroom, 1‑bath unit is currently vacant and undergoing cosmetic improvements
- Estimated 7% CAP rate mentioned; utilities include public water and public sewer
Overview
Located in Reno, Nevada, the property is described as within walking distance of the University of Nevada, Reno and Downtown Reno. The property is zoned MF14, providing a residential multifamily framework for continued use as an income-producing triplex.
The layout is well suited for tenants who prefer separate entry and privacy, with unit mix that includes both 1-bedroom and 2-bedroom living options. For buyers seeking a straightforward three-tenant setup, the combination of a detached cottage, a move-in-ready upstairs unit, and a downstairs unit undergoing cosmetic updates supports a practical leasing plan while the property’s finishes are finalized.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.822866
- Latitude
- 39.540232
