Investment Opportunity Near University of Nevada Perfect College Housing or Rental Investment. Discover this well-positioned 2-bedroom, 1-bathroom home just steps away from the University of Nevada campus! This 979 square foot residence offers incredible potential for investors and owner-occupants alike. Additional 1,015 sq ft unfinished basement (perfect for storage, workshop, or future expansion) Walking distance to University of Nevada, ideal for student housing High rental demand from college population, Easy access to campus and city amenities Multifamily zoning (MF-14) Verify additional unit possibilities with local city/county. Don't miss this rare opportunity to own a property near campus!
Active
$399,900
1140 The Strand, Reno, NV 89503
2beds
979sqft
Est.:
Single Family Residence
Built in 1936
7,840.8 Square Feet Lot
$-- Zestimate®
$408/sqft
$-- HOA
What's special
- 2 days |
- 730 |
- 36 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 10, 2025 at 09:17am
Listed by:
Kevin Reid B.16236 775-722-0121,
Capurro & Reid Real Estate,LLC
Source: NNRMLS,MLS#: 250058905
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Laundry: Laundry Area
Features
- Flooring: Laminate
- Windows: Double Pane Windows, Vinyl Frames
- Has basement: No
- Number of fireplaces: 1
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 979
- Total interior livable area: 979 sqft
Property
Parking
- Total spaces: 2
- Parking features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Partial
Lot
- Size: 7,840.8 Square Feet
- Features: Sloped Down
Details
- Additional structures: None
- Parcel number: 00711411
- Zoning: MF-14
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Foundation: Concrete Perimeter
- Roof: Composition,Pitched
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Water Meter Installed
Community & HOA
Community
- Subdivision: University Terrace
HOA
- Has HOA: No
Location
- Region: Reno
Financial & listing details
- Price per square foot: $408/sqft
- Tax assessed value: $168,019
- Annual tax amount: $880
- Date on market: 12/8/2025
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Listed for sale | $399,900$408/sqft |
Source:  NNRMLS #250058905 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $861 +4% | $58,807 +1.1% |
| 2024 | $828 +7.9% | $58,156 +4.4% |
| 2023 | $767 -0.2% | $55,703 +25.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,239/mo
Principal & interest
$1952
Property taxes
$147
Home insurance
$140
Climate risks
Neighborhood: Old Northwest - West University
Nearby schools
GreatSchools rating
- 2/10Elmcrest Elementary SchoolGrades: K-5Distance: 1.2 mi
- 7/10Archie Clayton Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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