400 Minerva LN Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,939 sqft
Price per Sqft $305
Subdivision Ward`S Addition
MLS Listing ID 250057352
Year Built 1949
Annual Tax Amount $3,221
Lot Size 0.435 Acres
Acres 0.44
Lot Dimensions 0.44
Property Sub-Type Multi Family
Property Description
Prime Redevelopment Opportunity Near UNR, located at both 400 & 0 Minerva Lane, Reno, NV. Just minutes from the University of Nevada, Reno, and downtown's growth corridor, this rare dual-parcel property offers a prime infill redevelopment opportunity. Spanning ±0.435 acres (±18,945 sq.ft.) across two contiguous parcels (APNs 007-201-22 & 007-201-23 being sold together) with an existing ±2,939 sq.ft. structure with 3 units, the site is zoned MF-30 within the West University Neighborhood Plan Overlay, ideal for boutique multi-family development. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. The downstairs unit is currently occupied by a tenant paying 950 per month and covering all utilities for the property. Under current zoning, developers can build up to 13 units, with substantial density bonuses available under RMC 18.04.504 (Note: Actual density capacity is subject to verification through slope analysis and may be reduced if the site is classified as hillside development): Up to 23 units possible for smaller ( under 800 sq.ft.) unit designs (80 percent Bonus Density). Up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45 percent Bonus Density). Up to 17 units for larger (under 1,200 sq.ft.) formats (35 percent Bonus Density). 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. With walkable access to UNR, restaurants, and downtown amenities, this property provides exceptional flexibility for student housing, urban apartments, or a mixed-use project in one of Reno's most desirable rental markets.
Location
State NV
County Washoe
Community Ward`S Addition
Area Ward`S Addition
Zoning MF-30
Direction University Terrace to Ralston to Minerva
Interior
Heating Natural Gas
Cooling Central Air
Flooring Varies
Equipment Satellite Dish
Fireplace No
Laundry In Unit
Exterior
Parking Features Other
Utilities Available Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available,Cellular Coverage,Water Meter Installed
View Y/N No
Roof Type Composition,Pitched,Shingle
Garage No
Building
Lot Description Landscaped
Story 2
Foundation Concrete Perimeter,Crawl Space
Water Public
Structure Type Block,Brick,Concrete,Frame,Wood Siding
Others
Tax ID 007-201-22 / 007-201-23
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA
Listing Terms 1031 Exchange,Cash,Conventional,FHA