Investment Opportunity Near University of Nevada Perfect College Housing or Rental Investment. Discover this well-positioned 2-bedroom, 1-bathroom home just steps away from the University of Nevada campus! This 979 square foot residence offers incredible potential for investors and owner-occupants alike. Additional 1,015 sq ft unfinished basement (perfect for storage, workshop, or future expansion) Walking distance to University of Nevada, ideal for student housing High rental demand from college population, Easy access to campus and city amenities Multifamily zoning (MF-14) Verify additional unit possibilities with local city/county. Don’t miss this rare opportunity to own a property near campus!
Property Details
Price:
$399,900
MLS #:
250058905
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
University Terrace
Listed Date:
Dec 8, 2025
Finished Sq Ft:
979
Total Sq Ft:
979
Lot Size:
7,623 sqft / 0.18 acres (approx)
Year Built:
1936
See this Listing
Schools
Elementary School:
Elmcrest
Middle School:
Clayton
High School:
Reno
Interior
Appliances
Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Fireplaces Total
1
Flooring
Laminate
Heating
Forced Air, Natural Gas
Laundry Features
Laundry Area
Exterior
Construction Materials
Frame, Stucco
Exterior Features
Rain Gutters
Other Structures
None
Parking Features
None
Parking Spots
2
Roof
Composition, Pitched
Financial
Taxes
$881
Map
Community
- Address1140 The Strand Reno NV
- SubdivisionUniversity Terrace
- CityReno
- CountyWashoe
- Zip Code89503
Market Summary
Current real estate data for Single Family in Reno as of Jan 17, 2026
511
Single Family Listed
94
Avg DOM
405
Avg $ / SqFt
$1,185,856
Avg List Price
Property Summary
- Located in the University Terrace subdivision, 1140 The Strand Reno NV is a Single Family for sale in Reno, NV, 89503. It is listed for $399,900 and features 2 beds, 1 baths, and has approximately 979 square feet of living space, and was originally constructed in 1936. The current price per square foot is $408. The average price per square foot for Single Family listings in Reno is $405. The average listing price for Single Family in Reno is $1,185,856.
Similar Listings Nearby
Courtesy of Capurro & Reid Real Estate,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 2026. Northern Nevada Regional MLS. All rights reserved. 1140 The Strand
Reno, NV