Cash Flow + Development Potential – Just one block from UNR, this rare investment includes two parcels, four rental units, three well-maintained buildings, and two street frontages. Located virtually across from the University of Nevada, Reno, it offers both immediate income and long-term upside in one of the city’s strongest rental markets. All units are leased, separately metered, and generating steady returns from day one. The .328-acre combined site is zoned MF30, allowing flexible options for expansion or high-density redevelopment. Properties include 1145 Seminary Ave, a 3 bed/1 bath single-family home with a NEW electrical panel, NEW central heating and AC, NEW interior paint, NEW front patio, and NEW back door ramp; 1120/1122 Buena Vista Ave, a duplex with two 1 bed/1 bath units; and 1151 Seminary Ave, a 2 bed/1 bath single-family home. 1145 Seminary Ave and 1120/1122 Buena Vista sit on parcel 007-117-04, while 1151 Seminary is on parcel 007-117-03—offered together as one exceptional UNR-area investment.
Property Details
Price:
$1,150,000
MLS #:
250054508
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Income
Subdivision:
University Terrace
Listed Date:
Aug 14, 2025
Total Sq Ft:
3,248
Lot Size:
14,288 sqft / 0.33 acres (approx)
Year Built:
1932
Units:
4
See this Listing
Schools
Elementary School:
Elmcrest
Middle School:
Clayton
High School:
Reno
Interior
Appliances
Oven, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air, Refrigerated, Wall/ Window Unit(s), Varies By Unit
Flooring
Carpet, Laminate, Varies, Wood
Heating
Electric, Oil, Wall Furnace, Varies By Unit
Laundry Features
In Unit, Washer Hookup, Varies By Unit
Exterior
Construction Materials
Asbestos, Brick, Frame, Stucco, Unknown, Other
Exterior Features
None
Other Structures
None
Parking Features
Varies by Unit
Parking Spots
3
Roof
Composition, Shingle
Security Features
Smoke Detector(s)
Financial
Taxes
$1,660
Map
Community
- Address1145 Seminary Avenue Reno NV
- SubdivisionUniversity Terrace
- CityReno
- CountyWashoe
- Zip Code89503
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Market Summary
Current real estate data for Multi Family in Reno as of Sep 01, 2025
38
Multi Family Listed
104
Avg DOM
$922,682
Avg List Price
Property Summary
- Located in the University Terrace subdivision, 1145 Seminary Avenue Reno NV is a Multi Family for sale in Reno, NV, 89503. It is listed for $1,150,000
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Similar Listings Nearby
Courtesy of NextHome Yourpickettfence Group. 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. 1145 Seminary Avenue
Reno, NV
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