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250 College Drive, 
Reno, NV 89503

$1,250,000


Bed


Bath


2,470

Sq Ft


Multi-Family

Active

Listed by

Chante Hargrove

RE/MAX Professionals-Reno

775-345-3070

Last updated:

June 14, 2025, 03:14 PM

MLS#

250051510

Source:

NV NNRMLS

About This Home

250 College Drive

Exceptional investment opportunity located just blocks from The University of Nevada Reno, easy access to the lively downtown area and a short trip to the popular Rancho San Rafael Regional Park. This rare multifamily property sits on a prominent corner lot and includes two well-maintained duplexes (4 total units). With flexible MF-30 zoning, there is significant upside potential for future redevelopment, additional units, or long-term cash flow. Ample off-street parking for residents. Each of the units have attractive laminate flooring throughout and an abundance of natural light from the windows. The single-level layout of each unit features an open floorplan, creating a comfortable and inviting living space. Whether you're seeking a turnkey cash-flowing asset or a strategic redevelopment play, this property offers the flexibility and location that seasoned investors seek. Opportunities like this—zoned MF-30, on a corner lot, and walking distance to a major university—don't come along often.

Home Facts

Multi-Family

Built in 1955

Price Summary

1,250,000

$506 per Sq. Ft.

MLS #:

250051510

Last Updated:

June 14, 2025, 03:14 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

2,470 Sq. Ft.


Structure

Structure

Building Area:

2,470 Sq. Ft.

Year Built:

1955


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$506 per Sq. Ft.

Source:NV NNRMLS
The information being provided by Northern Nevada Regional Multiple Listing Service 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 Multiple Listing Service. RE/MAX Professionals-Reno is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of RE/MAX Professionals-Reno, a broker participant of Northern Nevada Regional Multiple Listing Service. 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 Multiple Listing Service 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 2025 Northern Nevada Regional Multiple Listing Service. All rights reserved.

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