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Prime UNR Multifamily Redevelopment - Land 400 Minerva Ln 3 Unité Immeuble d’appartements 1 254 932 $ CAD (418 311 $ CAD/Unité) Reno, NV 89503
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Steps from UNR, Reno’s fastest-growing student population & St. Mary's Hospital
- Situated within a high-demand rental corridor with proven NOI growth
- Minutes to Downtown Reno’s job, retail, and casino entertainment core
- Excellent walkability and public transit access
RÉSUMÉ DE L'ANNONCE
Prime Redevelopment Opportunity Near UNR — 400 & 0 Minerva Lane, Reno, NV
Positioned just minutes from the University of Nevada, Reno, St. Mary's Hospital, and downtown’s vibrant growth corridor, this rare dual-parcel offers both investors and developers a strategic redevelopment infill project with its favorable zoning, adjacency to UNR/St. Mary's, and flexible density potential.
With ±0.435 Acres or ±18,945 sq.ft.(APN's 007-201-22 & 007-201-23) and 2,939 sq.ft. of existing living space, these 2 contiguous parcels are zoned MF-30 within the West University Neighborhood Plan Overlay, making them ideal for a boutique multi-family redevelopment project that blends modern design with walkable, traditional neighborhood character. Existing Improvements: 3 Total Residential Units totaling ±2,939 sq.ft. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. Buyers can enjoy steady rental income from the three existing units while pursuing entitlements, planning, and permitting with the City of Reno. Cash flow this property until you're ready to begin development.
Under current zoning, developers can build up to 13 units, with substantial density bonuses available under RMC 18.04.504 (Note: Actual density capacity is subject to verification through slope analysis and may be reduced if the site is classified as hillside development):
Up to 23 units possible for smaller ( under 800 sq.ft.) unit designs (80% Bonus Density)
Up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45% Bonus Density)
Up to 17 units for larger (under 1,200 sq.ft.) formats (35% Bonus Density)
Whether you envision modern student housing, stylish urban apartments, or a mixed-use living community, this site delivers flexibility, scale, and proximity to one of Reno’s strongest rental markets.
Highlights:
Premier infill location near UNR & Downtown Reno
Zoned MF-30 with multiple density bonus options
Walkable to restaurants, retail, and campus amenities
Scalable Development Footprint: Two contiguous parcels being sold together totaling ±18,945 sq.ft. provide configuration flexibility for phased or unified development, accommodating a range of unit mixes and architectural concepts.
Address: 400 & 0 Minerva Lane, Reno, Nevada 89503
APNs: 007-201-22 & 007-201-23
Zoning: MF-30 (Multi-Family – 30 Units per Acre)
Overlay: West University Neighborhood Plan – Traditional Neighborhood
Total Lot Size: ±0.435 acres (±18,945 sq.ft.)
Utilities: Municipal Water (TMWA); Municipal Power (NV Energy - Electric & Natural Gas); & Municipal Sewer
Positioned just minutes from the University of Nevada, Reno, St. Mary's Hospital, and downtown’s vibrant growth corridor, this rare dual-parcel offers both investors and developers a strategic redevelopment infill project with its favorable zoning, adjacency to UNR/St. Mary's, and flexible density potential.
With ±0.435 Acres or ±18,945 sq.ft.(APN's 007-201-22 & 007-201-23) and 2,939 sq.ft. of existing living space, these 2 contiguous parcels are zoned MF-30 within the West University Neighborhood Plan Overlay, making them ideal for a boutique multi-family redevelopment project that blends modern design with walkable, traditional neighborhood character. Existing Improvements: 3 Total Residential Units totaling ±2,939 sq.ft. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. Buyers can enjoy steady rental income from the three existing units while pursuing entitlements, planning, and permitting with the City of Reno. Cash flow this property until you're ready to begin development.
Under current zoning, developers can build up to 13 units, with substantial density bonuses available under RMC 18.04.504 (Note: Actual density capacity is subject to verification through slope analysis and may be reduced if the site is classified as hillside development):
Up to 23 units possible for smaller ( under 800 sq.ft.) unit designs (80% Bonus Density)
Up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45% Bonus Density)
Up to 17 units for larger (under 1,200 sq.ft.) formats (35% Bonus Density)
Whether you envision modern student housing, stylish urban apartments, or a mixed-use living community, this site delivers flexibility, scale, and proximity to one of Reno’s strongest rental markets.
Highlights:
Premier infill location near UNR & Downtown Reno
Zoned MF-30 with multiple density bonus options
Walkable to restaurants, retail, and campus amenities
Scalable Development Footprint: Two contiguous parcels being sold together totaling ±18,945 sq.ft. provide configuration flexibility for phased or unified development, accommodating a range of unit mixes and architectural concepts.
Address: 400 & 0 Minerva Lane, Reno, Nevada 89503
APNs: 007-201-22 & 007-201-23
Zoning: MF-30 (Multi-Family – 30 Units per Acre)
Overlay: West University Neighborhood Plan – Traditional Neighborhood
Total Lot Size: ±0.435 acres (±18,945 sq.ft.)
Utilities: Municipal Water (TMWA); Municipal Power (NV Energy - Electric & Natural Gas); & Municipal Sewer
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 254 932 $ CAD | Classe d’immeuble | C |
| Prix par unité | 418 311 $ CAD | Taille du lot | 0,43 AC |
| Type de vente | Investissement | Taille du bâtiment | 2 980 pi² |
| Nombre d’unités | 3 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1949/2020 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,67/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | MF30 - Zoné MF-30 dans le cadre du plan de quartier de West University, les promoteurs peuvent construire un maximum de 13 à 23 unités selon le règlement RMC 18.04.504, sous réserve d'une analyse de la pente. | ||
| Prix | 1 254 932 $ CAD |
| Prix par unité | 418 311 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 3 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,43 AC |
| Taille du bâtiment | 2 980 pi² |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1949/2020 |
| Ratio de stationnement | 0,67/1 000 pi² |
| Zonage | MF30 - Zoné MF-30 dans le cadre du plan de quartier de West University, les promoteurs peuvent construire un maximum de 13 à 23 unités selon le règlement RMC 18.04.504, sous réserve d'une analyse de la pente. |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Lave-vaisselle
- Foyer
- Chauffage
- Ventilateurs de plafond
- Fourchette
- Rampes
COMMODITÉS DU SITE
- Cour
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Très pratique à pied (75)
Bike Score®
Très cyclable (70)
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Prime UNR Multifamily Redevelopment - Land | 400 Minerva Ln
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