Fantastic opportunity just minutes from the University of Nevada, Reno! This charming and fully furnished home has been successfully utilized as a rental for the past 3 years, making it an ideal option for investors, student housing, traveling professionals, or buyers seeking a turnkey short-term rental opportunity. Situated in one of Reno's most desirable central locations, this property offers convenient access to UNR, downtown Reno, restaurants, shopping, and freeway access. Inside, you'll find a well-maintained home featuring original wood flooring, an adorable kitchen, abundant natural light, and timeless character throughout. The spacious lot is surrounded by mature trees and landscaping, creating a private and inviting outdoor setting perfect for relaxing or entertaining. Major recent upgrades include a brand new roof, new windows throughout, newly added A/C and mini split systems for year-round comfort, and a new sewer line, providing peace of mind for future owners. Whether you're looking to expand your investment portfolio or secure a move-in ready home in a prime location, this property checks all the boxes. Most furnishings are negotiable, offering a rare opportunity to purchase a truly turnkey home. Don't miss your chance to own a proven income-producing property near the university in the heart of Reno!
Closed
$475,000
1050 Novelly Dr, Reno, NV 89503
2beds
888sqft
Single Family Residence
Built in 1947
6,534 Square Feet Lot
$475,800 Zestimate®
$535/sqft
$1,872 Estimated rent
Home value
$475,800
$438,000 - $519,000
$1,872/mo
Zestimate® history
Owner options
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$1,872/mo
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$1,872/mo
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$2,709/mo
Est. payment
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$2,709/mo
Est. payment
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List your homeWhat's special
Timeless character throughoutSpacious lotAbundant natural lightAdorable kitchenOriginal wood flooringBrand new roofNew windows throughout
Zillow last checked:
Listing updated:
Listed by:
Kautz Zinda Real Estate Group 775-527-5799,
Realty One Group Eminence,
Joshua Kautz S.181967 775-287-5876,
Realty One Group Eminence
Bought with:
Amber Klingensmith, S.173694
Keller Williams Group One Inc.
Source: NNRMLS,MLS#: 260006868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Cooktop, Electric Oven, Electric Range, Washer
- Laundry: In Garage
Features
- Smart Thermostat
- Flooring: Ceramic Tile, Porcelain, Wood
- Windows: Blinds, Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Low Emissivity Windows, Rods, Vinyl Frames
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 888
- Total interior livable area: 888 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: None, Patio, Deck
- Exterior features: None
- Spa features: None
- Fencing: Back Yard
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 6,534 sqft
- Features: Landscaped, Sprinklers In Front, Sprinklers In Rear
Details
- Additional structures: None
- Parcel number: 00607428
- Zoning: SF8
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Crawl Space
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
Community & neighborhood
Security
- Security features: Keyless Entry, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Cleaview Heights
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Sold | $475,000$535/sqft |
Source:  NNRMLS #260006868 Report a problem | ||
| 6/2/2026 | Contingent | $475,000$535/sqft |
Source: NNRMLS #260006868 Report a problem | ||
| 5/29/2026 | Listed for sale | $475,000+19%$535/sqft |
Source: NNRMLS #260006868 Report a problem | ||
| 10/2/2023 | Sold | $399,000$449/sqft |
Source: NNRMLS #230009894 Report a problem | ||
| 8/29/2023 | Pending sale | $399,000$449/sqft |
Source: NNRMLS #230009894 Report a problem | ||
| 8/24/2023 | Listed for sale | $399,000+149.4%$449/sqft |
Source: NNRMLS #230009894 Report a problem | ||
| 12/5/2014 | Sold | $160,000-1.8%$180/sqft |
Source: Public Record Report a problem | ||
| 10/25/2014 | Listed for sale | $163,000+22.6%$184/sqft |
Source: Ferrari-Lund Real Estate #140014414 Report a problem | ||
| 6/15/2010 | Sold | $133,000$150/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $827 +7.8% | $53,453 +1.1% |
| 2025 | $767 +7.8% | $52,871 +5% |
| 2024 | $712 -1.8% | $50,371 -1.5% |
| 2023 | $725 +7.8% | $51,120 +24% |
| 2022 | $672 +6.6% | $41,211 +34.2% |
| 2021 | $630 +4.8% | $30,699 +5.5% |
| 2020 | $602 -4.6% | $29,086 |
| 2019 | $630 +4.8% | $29,086 +27.1% |
| 2018 | $602 +12% | $22,880 +8% |
| 2017 | $537 | $21,190 +7.9% |
| 2016 | $537 | $19,630 +10.6% |
| 2015 | $537 +3.8% | $17,750 +9.3% |
| 2014 | $518 | $16,240 +19.3% |
| 2013 | $518 | $13,615 |
| 2012 | -- | $13,615 -0.2% |
| 2011 | -- | $13,644 -14.2% |
| 2010 | -- | $15,897 -31.7% |
| 2009 | -- | $23,277 -11% |
| 2008 | -- | $26,164 -20% |
| 2007 | -- | $32,714 +20% |
| 2006 | -- | $27,261 +18.7% |
| 2005 | -- | $22,965 +21.4% |
| 2004 | -- | $18,910 +2.4% |
| 2003 | -- | $18,458 +0.3% |
| 2002 | -- | $18,409 |
| 2001 | -- | $18,409 |
Find assessor info on the county website
Neighborhood: Kings Row
Nearby schools
GreatSchools rating
- 4/10Elmcrest Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Archie Clayton Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- 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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Estimated market value
$475,800
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$475,800
- Nevada
- Washoe County
- Reno
- 89503
- Kings Row
- 1050 Novelly Dr
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