Rare LEGAL 5-bedroom home steps from UNR w/strong rental history & tenant through July 2026. A full gut $45K basement remodel completed 1/2025, legally adding 2 bedrooms, bonus kitchenette, & living area. Taxes only $965! Large lot & backyard offer ADU potential for even greater revenue potential (w/permit). Great income property w/immediate cash flow. The seller is only selling to do a 1031 exchange. Own w/confidence, knowing basement is safe w/legal egress for tenants! Investor rate of 6.375% available!, Lease buyout maybe possible if buyer wants to occupy or start with fresh tenants. One of the owners is a real estate licensee.
Closed
$590,000
240 Bisby St, Reno, NV 89512
5beds
1,960sqft
Single Family Residence
Built in 1948
10,454.4 Square Feet Lot
$582,700 Zestimate®
$301/sqft
$2,837 Estimated rent
Home value
$582,700
$554,000 - $612,000
$2,837/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: May 19, 2025 at 06:17am
Listed by:
Jordan Ames S.175632 775-293-4833,
eXp Realty, LLC
Bought with:
Gregory Anastassatos, S.173938
Reno Realty
Source: NNRMLS,MLS#: 250004874
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Washer
- Laundry: Laundry Area, Laundry Room
Features
- Flooring: Ceramic Tile, Wood
- Windows: Blinds, Double Pane Windows, Low Emissivity Windows, Vinyl Frames
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 1,960
- Total interior livable area: 1,960 sqft
Property
Parking
- Parking features: None
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: None
- Fencing: Back Yard
Lot
- Size: 10,454 sqft
- Features: Landscaped, Level
Details
- Parcel number: 00703304
- Zoning: Sf8
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition,Pitched,Shingle
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Centralized Data Panel, Water Meter Installed
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Reno
- Subdivision: University Park
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2025 | Sold | $590,000+16.2%$301/sqft |
Source:  NNRMLS #250004874 Report a problem | ||
| 9/16/2021 | Sold | $507,600+124.6%$259/sqft |
Source: Public Record Report a problem | ||
| 6/17/2014 | Sold | $226,000+98.2%$115/sqft |
Source: Agent Provided Report a problem | ||
| 6/30/2009 | Sold | $114,000-40.4%$58/sqft |
Source: Public Record Report a problem | ||
| 9/9/2008 | Sold | $191,250-31.7%$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $965 +7.6% | $52,281 +4.5% |
| 2024 | $897 +8.3% | $50,053 -1.5% |
| 2023 | $828 +7.5% | $50,792 +25.6% |
Find assessor info on the county website
Neighborhood: East University
Nearby schools
GreatSchools rating
- 4/10Dorothy Lemelson STEM Academy Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Fred W Traner Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10Procter R Hug High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Lemelson Stem Academy
- Middle: Traner
- High: Hug
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$582,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$582,700
- Nevada
- Washoe County
- Reno
- 89512
- East University
- 240 Bisby St