400 Minerva Ln Reno, NV 89503

Positioned just minutes from the University of Nevada, Reno, St. Mary's Hospital, and downtown's vibrant growth corridor, this rare dual-parcel offers both investors and developers a strategic redevelopment infill project with its favorable zoning, adjacency to UNR/St. Mary's, and flexible density potential. With ±18,945 sq.ft. (APN's 007-201-22 & 007-201-23) and 2,939 sq.ft. of existing living space, these 2 contiguous parcels are zoned MF-30 within the West University Neighborhood Plan Overlay, making them ideal for a boutique multi-family redevelopment project that blends modern design with walkable, traditional neighborhood character. Existing Improvements: 3 Total Residential Units totaling ±2,939 sq.ft. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. Buyers can enjoy steady rental income from the three existing units while pursuing entitlements, planning, and permitting with the City of Reno. Cash flow this property until you're ready to begin development. Whether you envision modern student housing, stylish urban apartments, or a mixed-use living community, this site delivers flexibility, scale, and proximity to one of Reno's strongest rental markets.