Prime UNR Triplex - Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno's most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio.
Active
$1,150,000
1311 Terrace Dr, Reno, NV 89503
7beds
4baths
3,293sqft
Est.:
Triplex
Built in 1927
-- sqft lot
$-- Zestimate®
$349/sqft
$-- HOA
What's special
- 17 days |
- 728 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
Jo Ann Burke S.180910 775-848-9070,
Dickson Realty - Caughlin
Source: NNRMLS,MLS#: 260004240
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Luxury Vinyl
- Windows: Blinds, Double Pane Windows, Vinyl Frames
- Has fireplace: No
Interior area
- Total structure area: 3,293
- Total interior livable area: 3,293 sqft
Property
Parking
- Parking features: Assigned, Parking Pad
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Deck
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Partial
Lot
- Size: 6,969.6 Square Feet
- Features: Sloped Down
Details
- Additional structures: Storage, None
- Parcel number: 00712309
- Zoning: MU
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Foundation: Other
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected, Cellular Coverage
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Campus Heights Addition
Location
- Region: Reno
Financial & listing details
- Price per square foot: $349/sqft
- Annual tax amount: $4,409
- Date on market: 4/9/2026
- Cumulative days on market: 40 days
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: Internet, Electricity, Cable TV
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Listed for sale | $1,150,000+137.1%$349/sqft |
Source:  NNRMLS #260004240 Report a problem | ||
| 6/19/2019 | Sold | $485,000$147/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
$6,352/mo
Principal & interest
$5930
Property taxes
$422
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Climate risks
Neighborhood: Old Northwest - West University
Nearby schools
GreatSchools rating
- 4/10Elmcrest Elementary SchoolGrades: K-5Distance: 1.4 mi
- 5/10Archie Clayton Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Nevada
- Washoe County
- Reno
- 89503
- Old Northwest - West University
- 1311 Terrace Dr
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Nearby neighborhoods
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