Innovation District, NV homes for sale & real estate

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ABOUT THIS HOME
Innovation District, NV Homes for Sale
Modern and immaculate duplex built in 2020, fully occupied with strong rental history at an actual 5 percent cap rate. Each unit comes mostly furnished and is leased through December 2025 and February 2026 by tenants with an intention to stay, ensuring secure income for the next owner. Both units feature private balconies, solar power, and private carport parking with garage door openers. Located in a prime area close to the college and downtown, this property offers excellent future potential as either a long-term rental or Airbnb investment. A rare, turn-key opportunity in a sought-after location.

$725,000

4 beds4 baths1,474 sq ft

442 E 7th St Unit 1 & 2, Reno, NV 89512

Private balconies • Turn-key opportunity • Solar power

ABOUT THIS HOME
Innovation District, NV Homes for Sale
Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry. , Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!

$799,000

3 beds3 baths2,165 sq ft

650 Elko Ave, Reno, NV 89512

On site laundry • Separate cottage • Off street parking

ABOUT THIS HOME
Innovation District, NV Homes for Sale
Introducing a charming 2-bedroom, 1-bath cottage with a den that can be used as a third bedroom. This home offers a freshly painted exterior and is a perfect opportunity for first-time homebuyers! Nestled in an Opportunity Zone just moments away from UNR, Midtown, Brewery District, and more. Featuring a new A/C unit, automatic rear gate for alley acces/off-street parking, and say goodbye to high utility bills with brand new solar panels - ensuring a more sustainable and cost-effective lifestyle. , You are in the hub of activity. Downtown Reno is the epicenter of all the newest hot spots for dining and entertainment. Within minutes, you can enjoy Wingfield Park and their myriad events thro

$358,900

3 beds1 bath1,100 sq ft

656 Eureka Ave, Reno, NV 89512

New a/c unit • Wingfield park • Nevada museum of art

ABOUT THIS HOME
Innovation District, NV Homes for Sale
SELLER FINANCING/PARTICIPATION OPPORTUNITY. Introducing an unparalleled multifamily/mixed use development opportunity in downtown Reno. The mixed-use zoning, by right, allows multifamily and commercial uses. The downtown location provides easy access to public transportation, parks, cultural venues and the University of Nevada - Reno. The location and MU zoning support high and mid-rise multifamily residential development. , “Four or Five Story over Podium Garage” multifamily building construction is popular in the Reno/Sparks MSA since it is most suitable for urban mixed-use and multifamily residential developments. Adjacent properties at 802 and 816 e. 4th St. are also For S

$1,531,068

— beds— baths— sq ft

350 N Park St, Reno, NV 89512

0.84 acre lot • Listed 477 days

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ABOUT THIS HOME
Innovation District, NV Homes for Sale
Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history. , The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market

$1,050,000

9 beds6 baths3,340 sq ft

462 Laurel St, Reno, NV 89512

6,969 sq ft lot • Very walkable

ABOUT THIS HOME
Innovation District, NV Homes for Sale
SELLER FINANCING/PARTICIPATION OPPORTUNITY. Introducing an unparalleled multifamily/mixed use development opportunity in downtown Reno. The mixed-use zoning, by right, allows multifamily and commercial uses. The downtown location provides easy access to public transportation, parks, cultural venues and the University of Nevada - Reno. The location and MU zoning support high and mid-rise multifamily residential development. , “Four or Five Story over Podium Garage” multifamily building construction is popular in the Reno/Sparks MSA since it is most suitable for urban mixed-use and multifamily residential developments. The adjacent properties at 350 N. Park St. and 816 e 4th St.

$2,203,740

— beds— baths— sq ft

802 E 4th St, Reno, NV 89512

1.21 acre lot • Very walkable

Average home prices near Innovation District, NV

Cities

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$553,469
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$982,500
Washoe Valley homes for sale
$775,000
Virginia City homes for sale
$589,000
Sun Valley homes for sale
$460,000
Kings Beach homes for sale
$859,000

Neighborhoods

Ward 1 homes for sale
$740,000
Idlewild Park homes for sale
$707,000
West University homes for sale
$510,000
Ward 3 homes for sale
$399,900
Downtown Sparks homes for sale
$380,000
Northeast Reno homes for sale
$230,000
Plumas homes for sale
$750,000
Downtown Reno homes for sale
$389,000
Panther Valley homes for sale
$492,500
Skyline Boulevard homes for sale
$887,450

Innovation District, NV real estate trends

$704K

Sale price

$332

Sale $/sq ft

Under list price

2.1%

Days on market

207

Down payment

—

Total homes sold

See more Innovation District, NV market insights

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