1311 Terrace Drive Reno, NV 89503
- Added:
- Mar 18, 2026
- Days on Market:
- 51
- Last Refresh:
- May 7 at 10:06 pm
Property Features for 1311 Terrace Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MU
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 5
- Parking features
- Assigned
- Window features
- Vinyl Frames, Blinds, Double Pane Windows
- Patio and Porch features
- Deck, Patio
- Appliances
- Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 007-123-09
- Size
- 3,293 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4409
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Zoned, Ductless
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition, Shingle
- Additional Structures
- Storage
Listing agent Jo Ann Burke License #S.180910 (775) 848-9070
Listing office Dickson Realty - Caughlin 1030 Caughlin Crossing, Reno, NV (775) 746-7000
Listing date Mar 18, 2026
MLS# 260004240
Listing URL
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
- Prime Location: One block from the University of Nevada, Reno, ensuring strong rental demand.
- Fully Leased with Signed Leases: Turnkey investment with leases already signed for the 2026‑27 term, providing immediate income.
- Fully Renovated: Modern living with renovations completed in 2019, including LVP flooring, stainless steel appliances, and updated kitchens and bathrooms.
- Multiple Units: Triplex configuration with 7 bedrooms and 5 bathrooms, maximizing rental potential.
- Essential Amenities: Each unit includes washer and dryer, and efficient mini‑split HVAC systems.
- Onsite Parking: Parking for 7 vehicles, a valuable amenity in a university area.
Overview
Renovated Triplex Near UNR
This renovated triplex is located one block from the University of Nevada, Reno. The property features 7 bedrooms and 5 bathrooms. Renovations were completed in 2019. Each unit includes low-maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers, and efficient mini-split HVAC systems. Residents have access to a front porch and a shared patio. Parking is available for 7 vehicles. The property is a turnkey investment with all units currently tenant-occupied. Leases for all three units for the 2026-27 term are already signed. Renovation work included fire alarm and fire sprinklers throughout the property. The property is located in a sought-after rental neighborhood. The lot size is 0.16 acres, and the property size is 3293 square feet. The property is zoned MU.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.81802
- Latitude
- 39.540893
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully leased, renovated triplex near the University of Nevada, Reno.
Where is this triplex located?
The property is located at 1311 Terrace Drive Reno, NV.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime Location: One block from the University of Nevada, Reno, ensuring strong rental demand.; Fully Leased with Signed Leases: Turnkey investment with leases already signed for the 2026‑27 term, providing immediate income.; Fully Renovated: Modern living with renovations completed in 2019, including LVP flooring, stainless steel appliances, and updated kitchens and bathrooms.
