About 250 College Drive
Exceptional investment opportunity located just blocks from UNR, 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 well-maintained twin 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.
Features of 250 College Drive
| MLS® # | 250051510 |
|---|---|
| Price | $1,149,000 |
| Bathrooms | 0.00 |
| Acres | 0.22 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 250 College Drive |
|---|---|
| Area | 89503 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89503 |
Amenities
| Utilities | Internet Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 8 |
| Parking | Common, Parking Pad, RV Access/Parking |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dryer, Dishwasher, Refrigerator, Washer |
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot, Level, Sprinklers In Front, Other |
| Windows | Vinyl Frames, Double Pane Windows |
| Roof | Pitched, Asphalt, Shingle |
| Construction | Shingle Siding |
| Foundation | Crawl Space |
School Information
| Elementary | Elmcrest |
|---|---|
| Middle | Clayton |
| High | Reno |
Additional Information
| Date Listed | June 13th, 2025 |
|---|---|
| Days on Market | 136 |
| Zoning | MF30 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Professionals-Reno |
|---|
