OFF MARKET

Off Market Sep 2021 for $640K

$795,444

Est. refi paymentEst. refi $462/mo

•

5 ba

•

1,975

sq ft

1931 Valley Rd, Reno, NV 89512

About this home

A nice shady setting with mature trees is a two bedroom home and duplex on a corner lot. The house has a large front yard and a dog run in rear. The property is fenced and there is a two car garage. Improvements include new breaker panel, recent water heater replacement and a sewer line to the street replaced from the duplex backyard. 2 new stoves in the duplex were recently replaced. There is a bus line close by and only blocks from University of Nevada at Reno. Rents are well below market. , There are 61 designated opportunity zones in Nevada. https:/opportunitydb.com/location/nevada is the site for a great map for designated areas. Tax incentive created end of 2017 for development in lower income areas. Tax deferral, reduction of taxes. .www. diversitynevada. comprograms/opportunity zones. (Ozones) It is a capital gains deferment program for economically distressed and or/ lower income areas to encourage economic and community development in these areas. Dept. of Business and Industry, State of NV. gov for more information. Property consists of a 2 bedroom house and a duplex with a 1 bedroom on 1 side and a 2 bedroom on the other side.

Multi-familyProperty Type

1940Year Built

7,405 sq ftLot Size

$403Est. Price/Sq.Ft.

7 spacesParking

Listed by Jeanne Wiest •DRE #BS.9204 • Ballard Realty, Inc.

Bought with Robert Hughes •DRE #B.144689 • PMI Reno

Redfin checked: a few seconds ago

•Source:NNRMLS #210006309

Redfin Estimate

$795,444

$155K since sold in September 2021$138K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 33.2% higher than the average sale price ($597K) of 6 comparable homes.

SOLD JUN 12, 2026
$665,000
A
5 beds3 baths1,725 sq ft
1530 Elmcrest Dr, Reno, NV 89503
SOLD JAN 21, 2026
$505,000
B
6 beds3 baths2,097 sq ft
438 Laurel St, Reno, NV 89512
SOLD AUG 3, 2026
$785,000
C
4 beds2 baths2,388 sq ft
1114 The Strand, Reno, NV 89503
SOLD AUG 14, 2026
$330,000
D
4 beds2 baths1,671 sq ft
710 University Ter, Reno, NV 89503
SOLD APR 21, 2026
$659,755
E
5 beds4 baths396 sq ft
711 Evans Ave, Reno, NV 89512
SOLD JUN 22, 2026
$639,000
F
3 beds2 baths1,872 sq ft
1145 The Strand, Reno, NV 89503

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Earn from this home

Sell

$284,701

Est. take-home

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Est. cash available

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Market trends in 89512, NV

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.0%

0.6% MoM

Median sale price

$475K

$76K MoM

Avg. days on market

48d

12 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 31 HRS AGO
$770,000
4 beds3 baths2,305 sq ft
866 N University Park Loop, Reno, NV 89512
$460,000
3 beds2 baths1,574 sq ft
2230 Tybo Ave, Reno, NV 89512
$409,900
3 beds1 bath1,127 sq ft
1505 Oliver Ave, Reno, NV 89512
$119,900
1 bed1 bath665 sq ft
3953 Clear Acre Ln Apt 310, Reno, NV 89512
OPEN TODAY, 1PM TO 3PM
$199,900
2 beds2 baths919 sq ft
2080 Highview Ct #6, Reno, NV 89512
$495,000
3 beds2.5 baths1,828 sq ft
3415 Scottsdale Rd, Reno, NV 89512
$730,000
8 beds4 baths2,858 sq ft
675 Denslowe Dr, Reno, NV 89512
See all

Provided by Redfin

Sale history for 1931 Valley Rd

Year

Property tax

Land + Additions

Assessment*

2025

$933 (−1.9%)

$52,290 + $24,087

$76,377

2024

$950 (+7.9%)

$48,965 + $23,806

$72,771

2023

$880 (+2.9%)

$48,563 + $23,728

$72,291

2022

$856 (+2.9%)

$43,400 + $21,263

$64,663

2021

$831 (+6.4%)

$36,400 + $17,549

$53,949

2020

$781 (+3.1%)

$30,590 + $17,212

$47,802

2019

$757 (+4.5%)

$29,925 + $16,960

$46,885

2018

$725 (+3.2%)

$29,750 + $15,930

$45,680

2017

$702 (+3.4%)

$16,013 + $15,267

$31,280

2016

$679 (+0.7%)

$15,225 + $14,933

$30,158

2015

$674 (+3.1%)

$15,225 + $14,960

$30,185

2014

$654

$11,025 + $14,816

$25,841

Tax history for 1931 Valley Rd

Year

Property tax

Land + Additions

Assessment*

2025

$933 (−1.9%)

$52,290 + $24,087

$76,377

2024

$950 (+7.9%)

$48,965 + $23,806

$72,771

2023

$880 (+2.9%)

$48,563 + $23,728

$72,291

2022

$856 (+2.9%)

$43,400 + $21,263

$64,663

2021

$831 (+6.4%)

$36,400 + $17,549

$53,949

2020

$781 (+3.1%)

$30,590 + $17,212

$47,802

2019

$757 (+4.5%)

$29,925 + $16,960

$46,885

2018

$725 (+3.2%)

$29,750 + $15,930

$45,680

2017

$702 (+3.4%)

$16,013 + $15,267

$31,280

2016

$679 (+0.7%)

$15,225 + $14,933

$30,158

2015

$674 (+3.1%)

$15,225 + $14,960

$30,185

2014

$654

$11,025 + $14,816

$25,841

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,205 Sq. Ft.

Year renovated

1940

Sq. Ft.

910

Year built

1940

Style

Multi-Family (2-4 Unit)

County

Washoe County

APN

007-040-07

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 22, 2026.

MF-30

Multi-Family Residential District

The MF-30 district is intended to provide multi-family residential development and limited commercial and retail uses. Secondary uses include duplexes, triplexes, fourplexes, townhomes, single-family residential uses, parks, and schools. Additional district standards ensure that amenities such as open space are provided to offset the increases residential densities. This district is appropriate adjacent to other multifamily, single-family Urban Districts, and Employment Districts.

Zone overlays

Airport Noise Exposure Overlay District

Permitted uses

Include but are not limited to:

Day care facility
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Housing-Mobile home park

Property details

Parking

Parking Information
Parking Total: 7
Parking Features: Common, Garage

Interior

Interior Features
Laundry Features: In Unit
Appliances: Dryer, Gas Range, Refrigerator, Washer, Oven
Window Features: Metal Frames, Single Pane Windows, Blinds, Drapes, Wood Frames
Flooring: Carpet

Unit Type 1 Information
Unit Type: Studio

Unit Type 2 Information
Unit Type: 1 Bedroom
# of Baths (Total): 1
Sq. Ft. Per Unit: 910
Units Total: 1

Unit Type 3 Information
Unit Type: 2 Bedroom
# of Baths (Total): 2
Sq.Ft. Per Unit: 1,065
# of Units Total: 2

Unit Type 4 Information
Unit Type: 3 Bedroom

Multi-Family Information
# of Units Total: 3
# of Buildings: 2
Owner Pays: All Utilities

Exterior

Exterior Features
Fencing: Full

Building Information
Building Area Total: 1,975
Construction Materials: Frame, Stucco
Roof: Asphalt, Composition, Shingle
Foundation Details: Crawl Space

Property Information
Stories: 1

Lot Information
Lot Features: Landscaped
Zoning: Mf30

Financial

Tax Information
Tax Annual Amount: $770

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Cellular Coverage, Internet Available, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Heating & Cooling
Heating: Natural Gas, Wall Furnace
Heating YN: Yes

Location

HOA Information
Association Amenities: Barbecue

Location Information
Road Responsibility: Public Maintained Road
Road Frontage Type: Public

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 910
Stories: 1.0
Lot Size: 7,205 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1940
Year Renovated: 1940
County: Washoe County
APN: 007-040-07

Home facts updated by county records on Jul 22, 2026

Around this home

Schools

Dorothy Lemelson STEM Academy Elementary School

Public PreK-5 • Assigned • 0.1mi

4/10

Fred W Traner Middle School

Public 6-8 • Assigned • 0.9mi

5/10

Procter R Hug High School

Public 9-12 • Assigned • 2.3mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

8/10 Fire Factor

36% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 94° expected this year, 16 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

15 unhealthy days expected this year, 18 days in 30 years

Provided by First Street

Historical weather

Reno, NV • 89512

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 12.9 hours in June and 5.8 hours in December, placing it above the U.S. average for solar exposure.

12.9 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$756,000 – $915,000

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Home values near 1931 Valley Rd

Data from public records.

Address	Redfin Estimate
1855 Valley Rd, Reno, NV 3 Beds \| 2 Baths \| 951 Sq. Ft.	$417,685
1929 Valley Rd, Reno, NV 2 Beds \| 1 Baths \| 640 Sq. Ft.	$375,560

Address	Redfin Estimate
1933 Valley Rd, Reno, NV 3 Beds \| 2 Baths \| 1300 Sq. Ft.	$399,394
1983 Valley Rd, Reno, NV 1 Beds \| 1 Baths \| 500 Sq. Ft.	$269,402

Address	Redfin Estimate
1980 Valley Rd, Reno, NV 3 Beds \| 2 Baths \| 3414 Sq. Ft.	$713,726
1965 Valley Rd, Reno, NV 3 Beds \| 1.5 Baths \| 952 Sq. Ft.	$379,467

Property information provided by NNRMLS when last listed in 2021. This data may not match . Learn more.

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