





Description
Prime Redevelopment Opportunity Near UNR, located at both 400 & 0 Minerva Lane, Reno, NV. Just minutes from the University of Nevada, Reno, and downtown's growth corridor, this rare dual-parcel property offers a prime infill redevelopment opportunity. Spanning ±0.435 acres (±18,945 sq.ft.) across two contiguous parcels (APNs 007-201-22 & 007-201-23 being sold together) with an existing ±2,939 sq.ft. structure with 3 units, the site is zoned MF-30 within the West University Neighborhood Plan Overlay, ideal for boutique multi-family development. comprised of a duplex main house with 2 Bed/1 Bath Upstairs/2 Bed/1 Bath Downstairs and a separate detached 1 Bedroom/Bath. The downstairs unit is currently occupied by a tenant paying 950 per month and covering all utilities for the property. Under current zoning, developers can build up to 13 units, with substantial density bonuses available under RMC 18.04.504 (Note: Actual density capacity is subject to verification through slope analysis and may be reduced if the site is classified as hillside development): Up to 23 units possible for smaller ( under 800 sq.ft.) unit designs (80 percent Bonus Density). Up to 18 units for mid-sized (under 1,000 sq.ft.) layouts (45 percent Bonus Density). Up to 17 units for larger (under 1,200 sq.ft.) formats (35 percent Bonus Density). Whether you envision modern student housing, stylish urban apartments, or a mixed-use living community, this site delivers flexibility, scale, and proximity to one of Reno's strongest rental markets. With walkable access to UNR, restaurants, and downtown amenities, this property provides exceptional flexibility for student housing, urban apartments, or a mixed-use project in one of Reno's most desirable rental markets.
Location
Listed By
Co-Listing Agent
Audrey Hancock
Chase International-Damonte

© Northern Nevada Regional MLS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Northern Nevada Regional MLS, Inc. Real estate listings held by brokerage firms other than Broker/Owner: Dickson Realty are marked with the Broker Reciprocitys logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct but advises interested parties to confirm the data before relying on it in a purchase decision. Updated: 1st May, 2026 11:33 PM (UTC)



































































































