1340 N Sierra Street #house/units 1-5, Reno, NV 89503 - Photo 1

1/1

$937,500

Sold
Closed
Commercial Multi-Family

1/1

Property Description

1340 N Sierra St is a rare opportunity in one of Reno's most desirable areas around UNR. With 6 units, zoned MU, this property combines strong cash flow with future development potential. The property is comprised of two buildings thoughtfully arranged around spacious outdoor areas. The primary residence is a comfortable 2-bedroom, 1-bath home, accompanied by the 2nd building which offers two 1-bedroom units on the lower level and three studio loft units upstairs. Together, the six residences provide a diverse mix of living options, all with strong rental demand due to the unbeatable location. Plenty of parking with alley access and frontage road, well maintained and professionally managed with current leases and documentation. Beyond the property itself, the lifestyle it offers is second to none. Nestled in the cultural heart of Reno, short proximity from UNR, School of the Arts, museums, research centers, and student halls, while downtown Reno's vibrant restaurants, music venues, libraries, and shops are just minutes away. For those who love the outdoors, the Truckee River and surrounding trails are nearby, adding to the appeal of this sought-after neighborhood. Steady income and a redevelopment project are what this rare opportunity offers. Tenants occupy the studios currently on month to month, and the 1/1 and house are currently listed for rent, vacant and easy to show.

Full Property Details

Full Property Details for 1340 N Sierra St #house/units 1-5

General

Sold For: $937,500
Taxes: $2,986
Status: Closed
Type: Commercial Multi-Family
Source: 2502
MLS ID: 250055106
Added to Site: 145 day(s) ago

Business

Name: multi-family income
Business Type: Other

Interior

Flooring: Carpet, Concrete

Rooms

Other Rooms

Laundry: In Hall

Additional Information

Security/Safety: Smoke Detector(s)

Parking

Total Spaces: 7
Parking Features: Alley Access, Assigned, Accessible Parking

Location

County: Washoe
Subdivision: Christensen`S
Cross Streets: College Dr
Driving Directions: N Sierra St right before College Dr.

Heating & Cooling

Heating Type: Baseboard

Utilities

Sewer: Public Sewer
Water: Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Connected, Internet Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Structural Information

# Buildings: 2
Exterior Const.: See Remarks
Roof: Pitched, Shingle
Common Walls: 1 Common Wall, 2+ Common Walls, No Common Walls
Windows: Single Pane Windows, Window Coverings
Stories/Levels: 2
Building Size: 2500
Sq. Ft. Source: Assessor
Year Built: 1945

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.15
Lot Size (Sq. Ft.): 6,500
Frontage: Public
Street/Road Desc.: Paved
Road Maintenance: Public Maintained Road
Lot Features: Other
Zoning: MF-30
Fencing (Description): Partial

Financial Considerations

Price Per Sq. Ft.: $460
Tax Amount: $2,986.99
Terms: 1031 Exchange, Cash, Conventional

Disclosures and Reports

APN: 007-132-08

Listed and Sold by PMI Reno, Andrea Cassidy (775) 771-7234

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Listing agent

— 1340 N Sierra St #house/units 1-5 —

Andrea Cassidy

PMI Reno

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Schools

Schools serving 1340 N Sierra St #house/units 1-5

School District:Washoe County School District

Name	Grades	Distance
Elmcrest Elementary School 855 Mc Donald Drive, Reno, NV 89503	K-5	1.3 mi
Archie Clayton Middle School 1295 Wyoming Avenue, Reno, NV 89503	6-8	1.5 mi
Reno High School 395 Booth Street, Reno, NV 89509	9-12	1.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1340 N Sierra St #house/units 1-5

Date

Details

Price

Change

Source

12/22/2025

Sold

$937,500

-18.48%

MLS

8/26/2025

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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1340 N Sierra Street #house/units 1-5, Reno, NV 89503 (MLS# 250055106) is a Commercial Multi-Family property that was sold at $937,500 on December 22, 2025. Want to learn more about 1340 N Sierra Street #house/units 1-5? Do you have questions about finding other Commercial Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.

1340 N Sierra St #house/units 1-5 Reno, NV 89503