Reno, NV 89503,1340 N Sierra ST #house/units 1-5
Reno, NV 89503,1340 N Sierra ST #house/units 1-5
Reno, NV 89503,1340 N Sierra ST #house/units 1-5
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$1,150,000
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750 SqFt
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1340 N Sierra ST #house/units 1-5 Reno, NV 89503

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 750 sqft

Price per Sqft $1,533

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

Located just steps from the University of Nevada Reno campus, 1340 N Sierra St is a rare opportunity in one of Reno's most desirable areas. 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, tenants are steps from the 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


Listed by PMI Reno

Learn More About LPT Realty

agent

Terri Smith

Real Estate Professional | License ID: S.0170993

+1(775) 258-2434

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1340 N Sierra ST #house/units 1-5