237 University Terrace

Closed 4/23/24
Closed 4/23/24
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Sold
Last Sold Price
$575,000
4 beds3 baths2,727 sqft

237 University Ter, Reno, NV 89503

Multi FamilyProperty Type
0.13 acresLot Size
1910Year Built
$211/sq ftPrice per sq ft
5 carsParking Spaces

Description

Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary’s Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno “Zoning OVERLAY.” The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no...Earn excellent rents from this stately Rental Triplex. This triplex is rented as four bedrooms total, has beautiful city and mountain views and is walking distance to UNR and St. Mary’s Hospital. Parcel will support 12 units, not from the MF30 zoning but from the City of Reno “Zoning OVERLAY.” The basement is only a Crawlspace, is NOT water-tight and not livable, and requires major and costly renovation + increasing head height by 12+" to be used as bedrooms. Property is being sold "as is" with no repairs., Four parking spaces exist in driveway, and additional parking occurs in the unpaved right-of-way behind the house. Showings are currently limited to Monday-Thursday between 5p and 6 pm only and require 24 hours advanced approval. One seller is a licensed Nevada real estate agent. Escrow is pre-opened with a company affiliated with the listing brokerage. FOR REFERENCE: 1) There is a new PEX water-main and a new NVEnergy gas stub to the house. 2) The supply and drain plumbing are functional, mostly galvanized pipe and have for reference have been bid by a licensed plumber at $12,000 for total replacement. 3) The existing electrical panel and sub panel are functional, breakers (not fuses), and for reference a total rewire of the house has been bid by a licensed electrician at $12,000.
  • Listed by: Jeffrey Loftin 775.468.7325 jloftin@dicksonrealty.com • Dickson Realty - Downtown
Listing closed: 04/23/2024 12:00 AM • Source: NNRMLS, MLS#: 220016375
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Median sold price

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Avg days on market

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Sale-to-list ratio

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Location

Listing Courtesy of Dickson Realty - Downtown, Jeffrey Loftin, License #BS.146214

Sold By Dickson Realty - Downtown, Jeffrey Loftin, License #BS.146214

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Principal and Interest

$3,070

Property Taxes

$144

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Property Information for 237 University Terrace

Property Details

  • Taxes: $1,727 / year
  • MLS Type: Residential Income
  • County: Washoe County
  • Zoning: MF30

Building Information

  • Stories: 2
  • Residences: 3
  • Year Built: 1910
  • Lot Size: 0.13 AC / 5,662 SF

Summary

Location and General Information
  • Directions: N Sierra & University Terr
  • Address:Parcel Number: 00717119
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,727
  • Tax Legal:Tax Annual Amount: $1,727
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF30
  • Tax Legal:Directions: N Sierra & University Terr
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Common, Tandem
  • Parking Total: 5.0
  • Parking Information:Parking Total: 5.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Common: Yes
  • Parking Features:Tandem: Yes

Property

Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Square Feet: 5662.8
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 2727.0
  • Lot:Lot Size Acres: 0.13
  • Lot:Lot Size Square Feet: 5662.8
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 00717119
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1910
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Internet Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Cellular Coverage: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Central: Yes
  • Water Heater:Electric: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: No
  • Meter Information:Separate Electric Meters YN: No
  • Meter Information:Separate Gas Meters YN: No
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:Separate Water Heaters YN: No
  • Meter Information:One Primary Electric Meter YN: Yes
  • Meter Information:One Primary Gas Meter YN: Yes
  • Meter Information:One Primary Water Meter YN: Yes

Interior and Exterior Features

Exterior Features
  • Stories: 2
  • Construction Materials: Brick, Wood Siding, Masonry Veneer
  • Fencing: Partial
  • Other Equipment: Varies By Unit
  • Other Structures: Shed(s), Storage
  • Roof: Composition, Flat, Pitched, Shingle
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Single Pane Windows, Varies
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 2.0
  • Construction Materials:Brick: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Masonry Veneer: Yes
  • Fencing:Partial: Yes
  • Other Equipment:Varies By Unit: Yes
  • Other Structures:Shed(s): Yes
  • Other Structures:Storage: Yes
  • Roof:Composition: Yes
  • Roof:Flat: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:Drip System: Yes
  • Window Features:Blinds: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Varies: Yes
Interior Features
  • Cooling: Electric, Varies By Unit
  • Cooling YN: Yes
  • Fireplace YN: Yes
  • Flooring: Carpet, Varies, Wood
  • Heating: Electric, Fireplace(s), None, Varies By Unit
  • Heating YN: Yes
  • Laundry Features: Washer Hookup, Varies By Unit
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Interior:Building Area Total: 2727.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: Yes
  • Cooling:Electric: Yes
  • Cooling:Varies By Unit: Yes
  • Flooring:Carpet: Yes
  • Flooring:Varies: Yes
  • Flooring:Wood: Yes
  • Heating:Electric: Yes
  • Heating:Fireplace(s): Yes
  • Heating:Varies By Unit: Yes
  • Heating:None: Yes
  • Laundry Features:Varies By Unit: Yes
  • Laundry Features:Washer Hookup: Yes

Multi Family

Income & Expenses
  • Total Annual Operating Expenses: $6,221
  • Gross Scheduled Income: $46,560
  • Net Operating Income: $38,011
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Gross Scheduled Income: $46,560
  • Income and Expenses:Net Operating Income: $38,011
  • Income and Expenses:Total Annual Expenses: $6,221
  • Income and Expenses:Vacancy Allowance: $2,328
Multi Family Information
  • Number Of Units Total: 3

Property History for 237 University Terrace

DateEvent & SourcePriceAppreciation
Apr 23, 2024

Sold

NNRMLS #220016375

$575,000—
Mar 20, 2024

Sold (Public Record)

Public Record #1531448228

$575,000

+13.5% / yr

Feb 27, 2024

Pending

NNRMLS #220016375

—
DateEvent & SourcePrice
04/23/2024

Sold

NNRMLS #220016375

$575,000
03/20/2024

Sold (Public Record)

Public Record #1531448228

$575,000

+13.5% / yr

02/27/2024

Pending

NNRMLS #220016375

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 237 University Terrace

Taxable Value

Land

$68,250

Additions

$30,869
Total$99,119

Tax Record

2025

$1,613 ($134 / month)

Home Facts

Baths

2

Total Finished SqFt

3,831 SqFt

Above Grade Finished SqFt

2,727 SqFt

Finished Basement SqFt

1,104 SqFt

Stories

1

Lot Size

5,750 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1910

Year Renovated

1930

Zoning

MF30

County

WASHOE

APN

007-171-19

Schools near 237 University Terrace

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Elmcrest Elementary School
Public - PK to 5
Archie Clayton Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Washoe Innovations Academy
Public - PK to 12
Rating
School
Distance
Elmcrest Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Washoe Innovations Academy
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 237 University Terrace, Reno, NV 89503
$575,000
4
3
2,727
5,662
245 University Terrace, Reno, NV 89503
–
–
2
3,676
7,475
223 University Terrace, Reno, NV 89503
–
2
910
7,418
255 University Terrace, Reno, NV 89503
$550,000
–
–
3,056
12,408
208 University Terrace, Reno, NV 89503
–
–
1
1,230
19,035
205 University Terrace, Reno, NV 89503
–
–
–
7,185
23,406

Explore Nearby Homes

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Listing Courtesy of Dickson Realty - Downtown, Jeffrey Loftin, License #BS.146214

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.