Great opportunity to own a versatile mixed-use property in the heart of Reno’s vibrant Downtown Riverwalk District! This property offers excellent flexibility for investors, entrepreneurs, or homeowners looking for a live-work option. Zoned for mixed-use, the space can function as residential multifamily or be converted into office or commercial use(subject to city approval). Prime location with endless potential.The property features two separate living units, making it ideal for multi-generational living, rental income, or owner-user scenarios. The upper unit offers two bedrooms and one fully remodeled bathroom, complete with modern fixtures, tile finishes a, and stylish updates throughout. The main living space is bright and welcoming, offering wood flooring, fresh paint, and thoughtful updates that blend comfort and functionality.Downstairs, the lower unit features a one-bedroom, one-bath layout with an additional bonus room, ideal for a home office, guest space, or creative studio. This unit also features tasteful improvements, contributing to the overall move-in-ready feel of the property.Exterior features include a recently installed patio cover, perfect for outdoor entertaining or relaxing on warm evenings, and a newer privacy gate in the backyard area for added security and functionality. A new roof was installed, offering peace of mind for years to come.Whether you’re looking to add an income-producing asset to your portfolio or seeking a live/work scenario in one of Reno’s most desirable downtown zones, this property presents a compelling opportunity.Don’t miss your chance to own a property in a growing area with tons of walkability, visibility. Must see to appreciate the updates, layout, and possibilities this property provides. Schedule your showing today!
Property Details
Price:
$699,000
MLS #:
250053841
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Income
Subdivision:
Wells Addition
Listed Date:
Jul 30, 2025
Total Sq Ft:
2,168
Lot Size:
3,485 sqft / 0.08 acres (approx)
Year Built:
1932
Units:
2
See this Listing
Schools
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Interior
Appliances
E N E R G Y S T A R Qualified Appliances, Dryer, Electric Range, Gas Range, Refrigerator, Washer
Cooling
Central Air, Varies By Unit
Fireplaces Total
1
Flooring
Ceramic Tile, Wood
Heating
Baseboard, Electric, Fireplace(s), Natural Gas, Varies By Unit
Laundry Features
In Hall, Washer Hookup
Exterior
Construction Materials
Brick, Unknown
Exterior Features
None
Other Structures
None
Parking Features
Common, Detached, Garage, Garage Door Opener, Varies by Unit
Roof
Composition, Pitched, Shingle
Security Features
Keyless Entry, Security Fence, Security System, Smoke Detector(s)
Financial
Taxes
$2,059
Map
Community
- Address516 Ryland Street Reno NV
- SubdivisionWells Addition
- CityReno
- CountyWashoe
- Zip Code89502
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Market Summary
Current real estate data for Multi Family in Reno as of Aug 31, 2025
37
Multi Family Listed
105
Avg DOM
$927,889
Avg List Price
Property Summary
- Located in the Wells Addition subdivision, 516 Ryland Street Reno NV is a Multi Family for sale in Reno, NV, 89502. It is listed for $699,000
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