Date
Details
Price
Change
Source
4/09/2026
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/34
$1,150,000
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Property Description
Prime UNR Triplex - Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno's most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio. We are continuing to show this property and are accepting back-up offers.
Full Property Details
Full Property Details for 1311 Terrace Dr
General
- Price: $1,150,000
- Taxes: $4,409
- Status: Under Contract
- Type: Triplex
- Source: 2502
- MLS ID: 260004240
- Updated: 4/30/2026
- Added to Site: 49 day(s) ago
Interior
- Appliances: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
- Flooring: Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: In Unit
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Patio, Deck
Parking
- Parking Features: Assigned, Parking Pad
Location
- County: Washoe
- Subdivision: Campus Heights Addition
- Cross Streets: College Dr
- Driving Directions: N Virginia St to College Dr to Terrace Dr
School Information
- Elementary School: Elmcrest
- Middle School: Clayton
- High School: Reno
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected, Cellular Coverage
- # Electric Meters: 3
Structural Information
- Exterior Const.: Brick
- Roof: Composition, Pitched, Shingle
- Windows: Blinds, Double Pane Windows, Vinyl Frames
- Stories/Levels: 2
- Building Size: 3293
- Year Built: 1927
Additional Structures
- Other Structures: Storage, None
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 7,130
- Lot Features: Sloped Down
- Zoning: MU
- Fencing (Description): Back Yard, Partial
Financial Considerations
- Price Per Sq. Ft.: $349.23
- Tax Amount: $4,409.07
- Terms: 1031 Exchange, Cash, Conventional
- Owner Pays: Water, Trash Collection, Sewer, Gas, Exterior Maintenance
- Tenant Pays: Internet, Electricity, Cable TV
Disclosures and Reports
- APN: 007-123-09
Listed by Dickson Realty - Caughlin, Jo Ann Burke (775) 848-9070
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Listing agent
— 1311 Terrace Dr —
Jo Ann Burke
Dickson Realty - Caughlin
NMLS#: 1598647
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Schools
Schools serving 1311 Terrace Dr
School District:Washoe County School District
| Name | Grades | Distance |
|---|---|---|
Elmcrest Elementary School 855 Mc Donald Drive, Reno, NV 89503 | K-5 | 1.4 mi |
Archie Clayton Middle School 1295 Wyoming Avenue, Reno, NV 89503 | 6-8 | 1.6 mi |
Reno High School 395 Booth Street, Reno, NV 89509 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1311 Terrace Dr
Tax History
Tax History for 1311 Terrace Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,302
-25%
$146,899
1%
2025
$4,409
8%
$145,638
-1%
2024
$4,084
8%
$147,086
8%
2023
$3,783
8%
$136,487
18%
2022
$3,502
8%
$115,613
7%
2021
$3,245
—
$108,115
1%
2021
$3,245
213%
$107,226
150%
2019
$1,038
3%
$42,973
20%
2018
$1,008
3%
$35,921
8%
2017
$978
2%
$33,365
1%
2016
$957
—
$33,141
11%
2015
$957
3%
$29,751
10%
2014
$926
—
$27,158
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1311 Terrace Dr
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- Mobile Home
- Active
- Updated 5 days ago
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- 4Total Baths
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- Single Family
- Active
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- 4Beds
- 3Total Baths
- 2,593Sq. Ft.
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1311 Terrace Drive, Reno, NV 89503 (MLS# 260004240) is a Triplex property with 7 bedrooms and 0 full bathrooms. 1311 Terrace Drive is currently listed for $1,150,000 and was received on April 09, 2026. Want to learn more about 1311 Terrace Drive? Do you have questions about finding other Triplex real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.