Investor opportunity! This property offers tremendous potential for investors, flippers, and contractors. This property boasts MF30 zoning allowing for potentially up to 4 units (buyer to verify). Originally a 2-bedroom, 1-bath home, the seller began redesigning the layout with a plan to create a duplex with a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The proposed redesign would add approximately 400 square feet to the existing 1,407 square feet. The property features a newer roof, new windows, and partial siding replacement. Bring your vision and unlock this property's potential.
Single-familyProperty Type
1946Year Built
7,205 sq ftLot Size
$188Price/Sq.Ft.
Listed by Wesley Pittman•DRE #B.1003065• TrueNest Properties
Listed by Grecia Cardona•DRE #S.198982• TrueNest Properties
Bought with Kyla Bevel•DRE #B.146350• Key Collective
Est. $2,162 per month, based on comparable rentals
Sale and tax history for 1985 Valley Rd
Sale History
Tax History
Date
Event
Price
NNRMLS #260007538
Jul 8, 2026
Sold
$265,000
$188/sq ft
Jun 22, 2026
Contingent
—
Jun 12, 2026
Listed
$265,000
$188/sq ft
Public Records
Sep 5, 2025
Sold
$215,000
$153/sq ft
NNRMLS #200006182
Jan 13, 2021
Sold
$243,000
$173/sq ft
Sep 10, 2020
Contingent
—
Jul 22, 2020
Relisted
—
Jun 22, 2020
Contingent
—
Jun 17, 2020
Price Changed
$243,000
$173/sq ft
Jun 17, 2020
Relisted
—
May 16, 2020
Price Changed
$265,000
$188/sq ft
May 16, 2020
Contingent
—
May 15, 2020
Listed
$165,000
$117/sq ft
This is a short sale and subject to third party lender approval. Property taken in as is condition and does need work. No appliances. Back room addition done without permits. Bank has approved the value.
NNRMLS #180014406
Dec 24, 2018
Listing Removed
—
Oct 24, 2018
Price Changed
$250,000
$178/sq ft
Sep 24, 2018
Listed
$265,000
$188/sq ft
Public Records
Jul 30, 1999
Sold
$102,500
$73/sq ft
Public Records
May 1, 1984
Sold
$35,077
$25/sq ft
Public Records
May 1, 1984
Sold
$38,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$729 (+2.7%)
$30,660 + $19,152
$49,812
2024
$709 (+2.7%)
$30,310 + $19,043
$49,353
2023
$690 (+3.3%)
$28,455 + $18,754
$47,209
2022
$668 (+3.6%)
$30,765 + $17,351
$48,116
2021
$645 (−53.9%)
$24,150 + $14,148
$38,298
2020
$1,398 (+133.9%)
$15,960 + $13,779
$29,739
2019
$598 (+3.0%)
$14,945 + $13,529
$28,474
2018
$580 (+23.1%)
$15,155 + $12,869
$28,024
2017
$471 (+2.7%)
$10,255 + $12,344
$22,599
2016
$459 (+0.2%)
$8,365 + $9,569
$17,934
2015
$458 (+2.9%)
$7,280 + $9,586
$16,866
2014
$445
$5,635 + $9,500
$15,135
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,205 Sq. Ft.
Year renovated
1946
Sq. Ft.
1,407
Year built
1946
Style
Single Family Residential
County
Washoe County
APN
007-040-02
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
MF-30
AN
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.