1145 Seminary AVE Avenue new Save Request In-Person Tour Request Virtual Tour
Reno,NV 89503
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,248 sqft
Price per Sqft $354
Subdivision University Terrace
MLS Listing ID 250054508
Year Built 1932
Annual Tax Amount $1,659
Lot Size 0.328 Acres
Property Sub-Type Income
Property Description
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.
Location
State NV
County Washoe
Community University Terrace
Area University Terrace
Zoning MF30
Interior
Heating Electric,Oil,Wall Furnace,Varies By Unit
Cooling Central Air,Refrigerated,Wall/Window Unit(s),Varies By Unit
Flooring Wood
Laundry In Unit,Washer Hookup,Varies By Unit
Exterior
Exterior Feature None
Parking Features Varies by Unit
Pool None
Utilities Available Cable Available,Electricity Connected,Internet Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected,Varies By Unit
View Y/N No
Roof Type Composition,Shingle
Building
Lot Description Sprinklers In Front,Other
Story 1
Foundation Wood,Other
Water Public
Structure Type Asbestos,Brick,Frame,Stucco,Unknown,Other
Schools
Elementary Schools Elmcrest
Middle Schools Clayton
High Schools Reno
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional