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1311 Terrace Drive, 
Reno, NV 89503

$1,150,000

7

Beds

4

Baths

3,293

Sq Ft

Multi-Family

Active

Listed by

Jo Ann Burke

Dickson Realty - Caughlin

775-746-7000

Last updated:

May 8, 2026, 02:48 AM

MLS#

260004240

Source:

NV NNRMLS

About This Home

1311 Terrace Drive

Prime UNR Triplex - Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno's most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio. We are continuing to show this property and are accepting back-up offers.

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1927

Price Summary

1,150,000

$349 per Sq. Ft.

MLS #:

260004240

Last Updated:

May 8, 2026, 02:48 AM

Added:

2 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

3,293 Sq. Ft.

Structure

Structure

Building Area:

3,293 Sq. Ft.

Year Built:

1927

Lot

Lot Size (Sq. Ft):

7,130

Finances & Disclosures

Finances

Price:

$1,150,000

Price per Sq. Ft:

$349 per Sq. Ft.

Source:NV NNRMLS
The information being provided by Northern Nevada Regional Mls Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Northern Nevada Regional Mls Inc.. Dickson Realty - Caughlin is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Dickson Realty - Caughlin, a broker participant of Northern Nevada Regional Mls Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Northern Nevada Regional Mls Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Northern Nevada Regional Mls Inc.. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.