$650,000

1301 Faland Way 1, 2, 3, Reno, NV 89503

  • 4 beds |
  • 3 baths |
  • 2,040 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1941
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $319/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

LOCATION LOCATION LOCATION! This 3-unit multifamily property is gleaming with potential. Ideally located within walking distance of the University of Nevada, Reno and Downtown Reno, making it highly attractive to students, professionals, and renters alike. Each unit features its own private entrance, providing added privacy and appeal. The charming detached 1-bedroom, 1-bath "cottage" offers a generous side yard complete with raised garden beds and lots of space to play. The upstairs unit is a move-in-ready 2-bedroom, 1-bath with plenty of natural light and comfortable living space. The downstairs unit is a spacious 1-bedroom, 1-bath featuring an oversized bedroom and is currently vacant while undergoing cosmetic improvements. With a little vision and finishing touches, this property has the potential to achieve an estimated 7% CAP rate - an increasingly rare opportunity in today's market. Whether you're looking to expand your portfolio, house-hack, or invest in a high-demand rental area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.

Listing Status:
Active
Date Added:
June 21, 2026
Data Last Updated:
July 5, 2026 at 4:41AM
Listing Office:
RE/MAX Professionals-Reno : 775-345-3070
Listing Agent:
Nicholas Abe : 775-233-7356
MLS ID:
260007966
  • Appliances: DryerDishwasherElectric RangeRefrigeratorWasher
  • Laundry: Common AreaVaries By Unit
  • Flooring: CarpetLaminateLuxury VinylTile
  • A/C: None
  • Heating: Forced AirOil
  • General: None
  • Other Structures: None
  • Pool: None
  • Parking: CommonParking PadVaries by UnitParking spaces: 10
  • Roofing: PitchedShingle
  • Windows: Varies
  • General: OtherWood SidingTwoSlab
  • County: Washoe
  • Zoning: MF14007-101-12
  • Fencing: Partial
  • Utilities: Cellular CoverageInternet ConnectedWater Meter InstalledCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater ConnectedOil
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Nicholas Abe , RE/MAX Professionals-Reno

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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