0 Tripp Dr Reno, NV 89512
This 0.801-acre parcel in Reno, Nevada (APN 004-361-02), zoned MF30, presents a unique multifamily development opportunity. Priced at $575,000, the land currently features an abandoned clubhouse and filled-in swimming pool, requiring redevelopment. The MF30 zoning allows for the construction of up to 15 multifamily units. Located in a Qualified Census Tract (QCT), this property is eligible for potential tax incentives and development funding programs. Its convenient location offers easy access to Downtown Reno, the Reno-Sparks Convention Center, Interstate 580, and U.S. Route 395, providing seamless connectivity to Lake Tahoe and other surrounding areas. The proximity to the soon-to-open Debbie Smith Career and Technical Academy High School (opening 2025) adds further appeal, enhancing the area's amenities and attracting potential residents. This site represents a compelling investment opportunity for developers seeking to create a residential project that serves the community's needs while benefiting from significant development incentives. The Washoe County address is on Tripp Dr, Reno, NV 89512.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.