Prime UNR Triplex – Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno’s most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio.
Property Details
Price:
$1,150,000
MLS #:
260004240
Status:
Active
Beds:
7
Baths:
4
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Campus Heights Addition
Listed Date:
Apr 9, 2026
Total Sq Ft:
3,293
Lot Size:
7,130 sqft / 0.16 acres (approx)
Year Built:
1927
Units:
3
Campus Heights AdditionElmcrestClaytonReno
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Schools
Elementary School:
Elmcrest
Middle School:
Clayton
High School:
Reno
Interior
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Flooring
Luxury Vinyl
Laundry Features
In Unit
Levels
Two
Exterior
Construction Materials
Brick
Exterior Features
None
Fencing
Back Yard, Partial
Lot Features
Sloped Down
Other Structures
Storage, None
Parking Features
Assigned, Parking Pad
Patio And Porch Features
Patio, Deck
Roof
Composition, Pitched, Shingle
Security Features
Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Current real estate data for Multi Family in Reno as of Apr 13, 2026
15
Multi Family Listed
107
Avg DOM
$941,393
Avg List Price
Property Summary
Located in the Campus Heights Addition subdivision, 1311 Terrace Drive Reno NV is a Multi Family for sale in Reno, NV, 89503. It is listed for $1,150,000
Courtesy of Dickson Realty – Caughlin. 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 2026. Northern Nevada Regional MLS. All rights reserved.
