(If you do not have an agent and work directly with the listing agent)
Investor Alert! Exceptional opportunity just minutes from the University of Nevada, Reno. Situated on a 7,000 sq ft lot and zoned MF-14, this property offers tremendous potential for investors looking to maximize value in a highly desirable rental location near campus, shopping, and dining. The existing 1,228 sq ft home with a partial basement provides a strong starting point with several possible investment strategies: Option 1: Add a Detached ADU Take advantage of the MF-14 zoning and add a detached 800-1,000 sq ft ADU in the rear yard. Renovate the existing home and consider finishing the basement to create dual rental income streams. Option 2: Convert or Expand to a Duplex Expand and renovate the charming 1938 single-family home into a modern duplex by adding an 800-1,000 sq ft attached unit and finishing the basement. This option stays within the base MF-14 density of two units without requiring a density bonus. Option 3: Redevelop to a Triplex For a larger project, demolish the existing improvements and build a new 2,400-3,000 sq ft three-unit multifamily property (townhome or stacked style). With qualifying small or affordable units, a density bonus may allow development of three units. With strong rental demand near campus and flexible zoning, this property presents multiple pathways for value-add or redevelopment. A rare chance to secure an investment property in one of Reno's most sought-after rental corridors. Buyer and buyer's agent to perform their own due diligence and verify all information in the MLS, including but not limited to zoning, development potential, square footage, and allowable uses.
1025 Bell St Reno, NV 89503
