$349,000 Active
710 University Terrace
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,671 Sq Ft

About This Property

INVESTOR SPECIAL, OPPORTUNITY KNOCKS! In need of repairs. Priced Accordingly. Great opportunity for investors, flippers, or contractors looking for a value-add project. See attached documents...possibility for ADU, or be turned into a duplex with approval of a Conditional Use Permit (CUP). (buyer to verify with the City of Reno) Convenient location in Old Northwest Reno near UNR with 4 bedrooms, 2 bathrooms, and over 1,600 square feet of living space. SF in listing includes finished basement. Seller is requesting cash offers and will make no repairs. A large driveway, RV parking, and a two-car garage provide ample space for vehicles, recreational equipment, and storage. Just minutes away from UNR, I80, downtown, Rancho San Rafael Park, hiking and biking trails, local restaurants, shopping, and seasonal events in Downtown Reno making it super convenient. With easy access to outdoor recreation, including Lake Tahoe.

Listed by Tammy Carvajal-VanLydegraf — NextHome Sierra Realty

Listing Details

Status Active
MLS # 260009886
Days on Market 1
Price/Sq Ft $209

Property History

Jul 31, 2026
Listed for sale
$349,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,671
Lot Size 0.14 acres
Stories 1
Year Built 1942
Property Type Single Family Residence
Subdivision Western Addition
STR Jurisdiction Washoe County
APN 006-131-08
Parking
Garage Spaces 2
Total Parking 5
Parking Features Detached, Garage, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Artificial Turf, Gentle Sloping
Construction Brick
Roof Composition, Shingle
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $2,700
Schools
Elementary School Elmcrest
Middle School Clayton
High School Reno
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($69,800)
Home price
$349,000
Loan details
30-yr fixed, 6.5%
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