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Property profile & analytics
OFF-MARKET
Land

0 Tripp Dr Reno, NV 89512

0.8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.8 ac (34,892 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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