Great opportunity to own a versatile mixed-use property in the heart of Reno's vibrant Downtown Riverwalk District! This property offers excellent flexibility for investors, entrepreneurs, or homeowners looking for a live-work option. Zoned for mixed-use, the space can function as residential multifamily or be converted into office or commercial use(subject to city approval). Prime location with endless potential.The property features two separate living units, making it ideal for multi-generational living, rental income, or owner-user scenarios. The upper unit offers two bedrooms and one fully remodeled bathroom, complete with modern fixtures, tile finishes a, and stylish updates throughout. The main living space is bright and welcoming, offering wood flooring, fresh paint, and thoughtful updates that blend comfort and functionality.Downstairs, the lower unit features a one-bedroom, one-bath layout with an additional bonus room, ideal for a home office, guest space, or creative studio. This unit also features tasteful improvements, contributing to the overall move-in-ready feel of the property.Exterior features include a recently installed patio cover, perfect for outdoor entertaining or relaxing on warm evenings, and a newer privacy gate in the backyard area for added security and functionality. A new roof was installed, offering peace of mind for years to come.Whether you're looking to add an income-producing asset to your portfolio or seeking a live/work scenario in one of Reno's most desirable downtown zones, this property presents a compelling opportunity.Don't miss your chance to own a property in a growing area with tons of walkability, visibility. Must see to appreciate the updates, layout, and possibilities this property provides. Schedule your showing today!
Active
$699,000
516 Ryland St, Reno, NV 89502
--beds
0baths
2,168sqft
Est.:
Multi Family
Built in 1932
-- sqft lot
$687,400 Zestimate®
$322/sqft
$-- HOA
What's special
Modern fixturesTile finishesStylish updatesRecently installed patio coverNewer privacy gateOne-bedroom one-bath layoutBonus room
- 10 days
- on Zillow |
- 413 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: 11 hours ago
Listed by:
Sandra Peterson S.196102 775-848-0377,
Redfin
Source: NNRMLS,MLS#: 250053841

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric, Fireplace(s), Natural Gas, Varies by Unit
Cooling
- Central Air, Varies by Unit
Appliances
- Included: ENERGY STAR Qualified Appliances, Dryer, Electric Range, Gas Range, Refrigerator, Washer
- Laundry: In Hall, Washer Hookup
Features
- Smart Thermostat
- Flooring: Ceramic Tile, Wood
- Windows: Double Pane Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,168
- Total interior livable area: 2,168 sqft
Video & virtual tour
Property
Parking
- Parking features: Common, Detached, Garage, Garage Door Opener, Varies by Unit
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: Full
Lot
- Size: 3,484.8 Square Feet
- Features: Corner Lot, Level
Details
- Additional structures: None
- Parcel number: 01301125
- Zoning: Md-Rd
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Unknown
- Foundation: Concrete Perimeter
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Internet Connected, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed, Varies By Unit
Community & HOA
Community
- Security: Keyless Entry, Security Fence, Security System, Smoke Detector(s)
- Subdivision: Wells Addition
Location
- Region: Reno
Financial & listing details
- Price per square foot: $322/sqft
- Tax assessed value: $183,756
- Annual tax amount: $2,058
- Date on market: 7/30/2025
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
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