400 Minerva Lane, Reno, NV 89503

Listing agent Corry Castaneda License #BS.1001732

Listing office Chase International

Listing date Jun 9, 2026

Source Crexi

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Overview

This two-parcel redevelopment site includes existing residential improvements totaling three units and 2,939 sq. ft. of living space. The property features a duplex main house with two upstairs bedrooms and one bathroom, plus two downstairs bedrooms and one bathroom, along with a separate detached one-bedroom, one-bath unit. The site is configured for redevelopment planning while maintaining existing housing in place.

The parcels are located at 400 Minerva Lane, with a combined lot size of 18,945 sq. ft. Both APNs (007-201-22 and 007-201-23) are zoned MF-30 under the West University Neighborhood Plan Overlay. The setting is described as being just minutes from the University of Nevada, Reno, St. Mary’s Hospital, and downtown’s growth corridor.

For buyers and developers, the MF-30 zoning with the neighborhood plan overlay supports flexible multi-family redevelopment planning. The current three-unit setup allows an owner to hold the existing residential income stream while pursuing the City of Reno entitlements, permitting, and design planning for a renewed boutique multi-family project. The proximity to major employment and medical/education anchors may be appealing for tenant-focused housing concepts within a traditional neighborhood character.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Reno

County

Washoe

State

Nevada

Longitude

-119.8212389

Latitude

39.5336507

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FAQs

What type of property is this?

Triplex - Two contiguous parcels zoned MF-30 with three existing residential units, offering redevelopment options near UNR and St. Mary’s.

Where is this triplex located?

The property is located at 400 Minerva Lane 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: Two contiguous parcels totaling 18,945 SF (APNs 007‑201‑22 & 007‑201‑23); Zoned MF‑30 within the West University Neighborhood Plan Overlay; 3 total residential units totaling 2,939 SF of existing living space