Prime 6.566 acre Investor Opportunity in Reno: 3 Parcels with Development Potential, Existing Mobile Homes, Garage Barn, and SF3 Zoning - Priced to Move! Unlock exceptional value with this rare investor-special bundle on North Virginia Street in Reno's growing North Valleys neighborhood. Spanning 6.566 acres over three parcels (APNs 082-540-23; 082-540-24; 082-540-02 and addresses 5435; 5395; 5445 N Virginia), this property offers endless possibilities: one expansive, approximate 5 acre vacant lot zoned SF3 (allowing up to 3 single-family units per acre - ideal for subdivision, custom builds, or multi-home development) and two established parcels with utilities featuring a 4 car garage barn with electricity, work area, and 2nd level. There are also two mobile homes (as-is) that could be restored for use and multiple detached storage sheds. Quick highway access, close proximity to commercial hubs, and potential for views as you build up create a high-upside to this property. Schedule a viewing to explore the full potential!
Active
$950,000
5435 N Virginia St, Reno, NV 89506
--beds
0baths
6.57Acres
Land
Built in ----
6.57 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Potential for viewsDevelopment potentialEstablished parcels with utilitiesMultiple detached storage sheds
- 181 days |
- 165 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Amanda Mueller S.197809 857-244-5730,
NextHome Yourpickettfence Group,
Tim Lambdin BS.7450 775-813-3414,
NextHome Yourpickettfence Group
Source: NNRMLS,MLS#: 250057437
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: None
- Has view: Yes
- View description: City, Desert, Mountain(s)
Lot
- Size: 6.57 Acres
- Features: Adjoins BLM/BIA Land, Sloped Up
Details
- Additional structures: Other
- Parcel number: 08254023
- Zoning: MS & SF3
- Horses can be raised: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Cellular Coverage
Community & HOA
HOA
- Has HOA: No
Location
- Region: Reno
Financial & listing details
- Tax assessed value: $160,550
- Annual tax amount: $2,114
- Date on market: 10/24/2025
- Cumulative days on market: 183 days
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Paved, Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Price change | $950,000-36.6% |
Source:  NNRMLS #250057437 Report a problem | ||
| 9/10/2025 | Price change | $1,499,000-6.3% |
Source: NNRMLS #250001660 Report a problem | ||
| 7/6/2025 | Price change | $1,599,000-20% |
Source: NNRMLS #250001660 Report a problem | ||
| 2/12/2025 | Price change | $1,999,000-1.3% |
Source: NNRMLS #250001660 Report a problem | ||
| 10/11/2024 | Listed for sale | $2,026,000 |
Source: NNRMLS #240013121 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $728 +2.9% | $56,193 +19.9% |
| 2024 | $707 +3% | $46,882 +1.3% |
| 2023 | $686 +3% | $46,285 +15.7% |
| 2022 | $667 +3.3% | $40,012 +43.7% |
| 2021 | $646 +3% | $27,847 -0.4% |
| 2020 | $627 -2.9% | $27,951 |
| 2019 | $646 +3% | $27,951 +8.1% |
| 2018 | $627 +8.7% | $25,858 +13.6% |
| 2017 | $577 | $22,759 +10.2% |
| 2016 | $577 | $20,655 +25.6% |
| 2015 | $577 | $16,448 +5.2% |
| 2014 | -- | $15,636 +6.1% |
| 2013 | $558 | $14,742 |
| 2012 | -- | $14,742 -0.3% |
| 2011 | -- | $14,792 -19.9% |
| 2010 | -- | $18,478 -34% |
| 2009 | -- | $27,989 -12.6% |
| 2008 | -- | $32,021 -37.4% |
| 2007 | -- | $51,136 +147% |
| 2006 | -- | $20,705 +9.7% |
| 2005 | -- | $18,872 +13.8% |
| 2004 | -- | $16,590 -0.2% |
| 2003 | -- | $16,631 -6.2% |
| 2002 | -- | $17,730 |
| 2001 | -- | $17,730 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North Virginia
Nearby schools
GreatSchools rating
- 4/10Elmcrest Elementary SchoolGrades: K-5Distance: 3 mi
- 5/10Archie Clayton Middle SchoolGrades: 6-8Distance: 2.9 mi
- 7/10Robert Mc Queen High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: McQueen
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
- 89506
- North Virginia
- 5435 N Virginia St
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