Rare LEGAL 5-bedroom home steps from UNR w/strong rental history & tenant through July 2026. A full gut $45K basement remodel completed 1/2025, legally adding 2 bedrooms, bonus kitchenette, & living area. Taxes only $965! Large lot & backyard offer ADU potential for even greater revenue potential (w/permit). Great income property w/immediate cash flow. The seller is only selling to do a 1031 exchange. Own w/confidence, knowing basement is safe w/legal egress for tenants! Investor rate of 6.375% available!, Lease buyout maybe possible if buyer wants to occupy or start with fresh tenants. One of the owners is a real estate licensee.
Property Details
Price:
$590,000
MLS #:
250004874
Status:
Active
Beds:
5
Baths:
2
Address:
240 Bisby Street
Type:
Single Family
Subtype:
Single Family Residence
City:
Reno
Listed Date:
Apr 28, 2025
State:
NV
Finished Sq Ft:
1,960
Total Sq Ft:
1,960
ZIP:
89512
Year Built:
1948
See this Listing
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Schools
Elementary School:
Lemelson Stem Academy
Middle School:
Traner
High School:
Hug
Interior
Appliances
Dishwasher, Disposal, Dryer, Gas Range, Microwave, Washer
Bathrooms
2 Full Bathrooms
Flooring
Ceramic Tile, Wood
Heating
Forced Air, Natural Gas
Laundry Features
Laundry Area, Laundry Room
Exterior
Association Amenities
None
Construction Materials
Wood Siding
Exterior Features
None
Parking Features
None
Roof
Composition, Pitched, Shingle
Security Features
Smoke Detector(s)
Financial
Taxes
$965
Map
Community
- Address240 Bisby Street Reno NV
- CityReno
- CountyWashoe
- Zip Code89512
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Courtesy of eXp Realty, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Northern Nevada Regional MLS. All rights reserved. 240 Bisby Street
Reno, NV
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