1340 N Sierra ST #house/units 1-5 new Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $460
Subdivision Christensen`S
MLS Listing ID 250055106
Year Built 1945
Annual Tax Amount $2,986
Lot Size 6,500 Sqft
Acres 0.15
Lot Dimensions 0.15
Property Sub-Type Multi Family
Property Description
1340 N Sierra St is a rare opportunity in one of Reno's most desirable areas around UNR. With 6 units, zoned MU, this property combines strong cash flow with future development potential. The property is comprised of two buildings thoughtfully arranged around spacious outdoor areas. The primary residence is a comfortable 2-bedroom, 1-bath home, accompanied by the 2nd building which offers two 1-bedroom units on the lower level and three studio loft units upstairs. Together, the six residences provide a diverse mix of living options, all with strong rental demand due to the unbeatable location. Plenty of parking with alley access and frontage road, well maintained and professionally managed with current leases and documentation.
Beyond the property itself, the lifestyle it offers is second to none. Nestled in the cultural heart of Reno, short proximity from UNR, School of the Arts, museums, research centers, and student halls, while downtown Reno's vibrant restaurants, music venues, libraries, and shops are just minutes away. For those who love the outdoors, the Truckee River and surrounding trails are nearby, adding to the appeal of this sought-after neighborhood.
Steady income and a redevelopment project are what this rare opportunity offers. Tenants occupy the studios currently on month to month, and the 1/1 and house are currently listed for rent, vacant and easy to show.
Location
State NV
County Washoe
Community Christensen`S
Area Christensen`S
Zoning MF-30
Direction N Sierra St right before College Dr.
Interior
Heating Baseboard
Flooring Carpet
Fireplace No
Laundry In Hall
Exterior
Parking Features Alley Access,Assigned,Accessible Parking
Utilities Available Cable Available,Electricity Connected,Internet Available,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Available,Sewer Connected,Water Available,Water Connected
View Y/N No
Roof Type Pitched,Shingle
Garage No
Building
Lot Description Other
Story 2
Foundation Brick/Mortar
Water Public
Structure Type See Remarks
Others
Tax ID 007-132-08
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional