USANVRenoUniversity Terrace1-2-3-1301 Faland Way
1301 Faland Way | Image 1
1301 Faland Way | Image 2
1301 Faland Way | Image 3
1301 Faland Way | Image 4
1301 Faland Way | Image 5
1301 Faland Way | Image 6
1301 Faland Way | Image 7

$650,000

For Sale

2 months ago

1, 2, 3 - 1301 Faland Way, Reno, NV

House

MLS® 260007966

4 Bed

3 Bath

--

10 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $1,188
Days Active 54
Lot Size 0.1 Acres
Approx. Age 1941
MLS® Number 260007966

Property Address: 1-2-3-1301 Faland Way, Reno, NV, 89503

Average square foot calculated using Size range provided by listing agent.

Description

LOCATION LOCATION LOCATION! This 3-unit multifamily property is gleaming with potential. Ideally located within walking distance of the University of Nevada, Reno and Downtown Reno, making it highly attractive to students, professionals, and renters alike. Each unit features its own private entrance, providing added privacy and appeal. The charming detached 1-bedroom, 1-bath "cottage" offers a generous side yard complete with raised garden beds and lots of space to play. The upstairs unit is a move-in-ready 2-bedroom, 1-bath with plenty of natural light and comfortable living space. The downstairs unit is a spacious 1-bedroom, 1-bath featuring an oversized bedroom and is currently vacant while undergoing cosmetic improvements. With a little vision and finishing touches, this property has the potential to achieve an estimated 7% CAP rate - an increasingly rare opportunity in today's market. Whether you're looking to expand your portfolio, house-hack, or invest in a high-demand rental area, this property checks all the boxes. Don't miss your chance, this one won't last long! Agents, please read private remarks.
MLS® Number260007966
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1941
Basement
DrivewayCommon, Parking Pad, Varies by Unit
Garage Spaces
HeatForced Air, Oil
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 21, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
1301 Faland Way, Reno, NV

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESS®SUCCESS® LendingeXp RevenoseXp CommercialeXp LuxuryeXp Land and RanchAccessibility
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

© 2024 eXp Realty. eXp World Holdings, Inc. All Rights Reserved.

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved