A rare opportunity to own over half an acre in a highly desirable neighborhood near Virginia Lake. This multifamily property currently features four existing units, offering over $5,400 of immediate rental income per month, while the MF-30 zoning allows for significant future development. Virginia Lake’s scenic walking path, parks, and open space are just steps away, making this an attractive location for tenants and future residents alike., Tenants will enjoy the serene setting while being just minutes from Midtown Reno’s vibrant nightlife, dining, and entertainment. The property is also conveniently close to Downtown Reno, the Reno Public Market, and an array of shopping, dining, and cultural attractions while the area’s strong rental demand and central location make this an attractive investment for both developers and long-term investors. Whether you envision redevelopment, expansion, or holding for future appreciation, this strategic infill site presents numerous possibilities in one of Reno’s most sought-after locations.
Closed
$1,035,000
2735 Lakeside Dr, Reno, NV 89509
--beds
0baths
4,198sqft
Quadruplex
Built in 1950
-- sqft lot
$-- Zestimate®
$247/sqft
$2,528 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,528/mo
Zestimate® history
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$5,833/mo
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Zillow last checked: 7 hours ago
Listing updated: September 22, 2025 at 03:00pm
Listed by:
Christopher Moton BS.145493 775-870-7142,
Marmot Properties, LLC
Bought with:
Kenneth Lund, BS.144762
Ferrari-Lund Real Estate South
Alicia Lund, BS.144930
Ferrari-Lund Real Estate South
Source: NNRMLS,MLS#: 250001087
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas, Varies by Unit
Cooling
- Central Air, Refrigerated, Varies by Unit
Appliances
- Included: Oven, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
- Laundry: Common Area, In Unit, Varies By Unit
Features
- Flooring: Carpet, Varies, Vinyl
- Windows: Blinds, Double Pane Windows, Metal Frames, Single Pane Windows, Vinyl Frames, Varies
- Has fireplace: No
Interior area
- Total structure area: 4,198
- Total interior livable area: 4,198 sqft
Property
Parking
- Total spaces: 10
- Parking features: Attached, Carport, Garage, Varies by Unit
- Has attached garage: Yes
- Has carport: Yes
Features
- Stories: 2
- Fencing: Front Yard,Partial
Lot
- Size: 0.51 Acres
- Features: Landscaped
Details
- Parcel number: 01923259
- Zoning: MF 30
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick, Frame
- Foundation: Slab
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1950
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, Cellular Coverage
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Reno
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2025 | Sold | $1,035,000-1.4%$247/sqft |
Source:  NNRMLS #250001087 Report a problem | ||
| 7/29/2025 | Contingent | $1,050,000$250/sqft |
Source: NNRMLS #250001087 Report a problem | ||
| 7/12/2025 | Listed for sale | $1,050,000$250/sqft |
Source: NNRMLS #250001087 Report a problem | ||
| 5/15/2025 | Contingent | $1,050,000$250/sqft |
Source: NNRMLS #250001087 Report a problem | ||
| 2/21/2025 | Pending sale | $1,050,000$250/sqft |
Source: NNRMLS #250001087 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,017 +8.4% | $138,137 +2.7% |
| 2024 | $1,860 +7.8% | $134,568 +7.3% |
| 2023 | $1,726 +8% | $125,413 +21.1% |
Find assessor info on the county website
Neighborhood: Virginia Lake
Nearby schools
GreatSchools rating
- 4/10Anderson Elementary SchoolGrades: K-6Distance: 0.2 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Anderson
- Middle: Swope
- High: Reno
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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- Nevada
- Washoe County
- Reno
- 89509
- Virginia Lake
- 2735 Lakeside Dr