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$265,000

1985 Valley Rd, Reno, NV 89512

2beds

1,407sqft

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Single Family Residence

Built in 1946

7,405 Square Feet Lot

$350,800 Zestimate^®

$188/sqft

$-- HOA

What's special

Partial siding replacementNew windowsNewer roof

Investor opportunity! This property offers tremendous potential for investors, flippers, and contractors. This property boasts MF30 zoning allowing for potentially up to 4 units (buyer to verify). Originally a 2-bedroom, 1-bath home, the seller began redesigning the layout with a plan to create a duplex with a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The proposed redesign would add approximately 400 square feet to the existing 1,407 square feet. The property features a newer roof, new windows, and partial siding replacement. Bring your vision and unlock this property's potential.

7 hours

175

5

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

None

Cooling

Central Air

Appliances

Included: None
Laundry: None

Features

Master Downstairs
Flooring: Luxury Vinyl, Wood
Windows: Double Pane Windows, Vinyl Frames
Number of fireplaces: 1
Fireplace features: Wood Burning
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,407
Total interior livable area: 1,407 sqft

Property

Parking

Parking features: None

Features

Levels: One
Stories: 1
Patio & porch: None, Patio
Exterior features: None
Spa features: None
Fencing: Back Yard

Lot

Size: 7,405 Square Feet
Features: Level

Details

Additional structures: Shed(s)
Parcel number: 00704002
Zoning: MF30

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Crawl Space
Roof: Composition,Pitched,Shingle

Condition

New construction: No
Year built: 1946

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Community & HOA

HOA

Has HOA: No

Location

Region: Reno

Financial & listing details

Price per square foot: $188/sqft
Tax assessed value: $142,321
Annual tax amount: $738
Date on market: 6/12/2026
Listing terms: Cash

Estimated market value

$350,800

$298,000 - $403,000

$1,853/mo

Price history

Date	Event	Price
6/12/2026	Listed for sale	$265,000+6%$188/sqft
Source: NNRMLS #260007538 Report a problem
9/16/2025	Sold	$250,000+2.9%$178/sqft
Source: Public Record Report a problem
1/13/2021	Sold	$243,000$173/sqft
Source: NNRMLS #200006182 Report a problem
6/17/2020	Price change	$243,000-8.3%$173/sqft
Source: Miner Realty of Nevada LLC #200006182 Report a problem
5/16/2020	Listed for sale	$265,000+4%$188/sqft
Source: Miner Realty of Nevada LLC #200006182 Report a problem
2/1/2020	Listing removed	$254,845$181/sqft
Source: Auction.com Report a problem
12/14/2019	Price change	$254,8450%$181/sqft
Source: Auction.com Report a problem
12/8/2019	Price change	$254,897+0%$181/sqft
Source: Auction.com Report a problem
12/7/2019	Price change	$254,845+0.1%$181/sqft
Source: Auction.com Report a problem
12/4/2019	Price change	$254,569+8.7%$181/sqft
Source: Auction.com Report a problem
12/1/2019	Price change	$234,119+0.1%$166/sqft
Source: Auction.com Report a problem
11/29/2019	Price change	$233,885+0.5%$166/sqft
Source: Auction.com Report a problem
11/25/2019	Price change	$232,747+0%$165/sqft
Source: Auction.com Report a problem
11/24/2019	Price change	$232,681+0.2%$165/sqft
Source: Auction.com Report a problem
11/21/2019	Price change	$232,242+0.3%$165/sqft
Source: Auction.com Report a problem
11/18/2019	Price change	$231,514+0%$165/sqft
Source: Auction.com Report a problem
11/17/2019	Price change	$231,448-2.3%$164/sqft
Source: Auction.com Report a problem
11/14/2019	Price change	$236,829-0.1%$168/sqft
Source: Auction.com Report a problem
11/13/2019	Price change	$237,026+0.1%$168/sqft
Source: Auction.com Report a problem
11/12/2019	Price change	$236,8250%$168/sqft
Source: Auction.com Report a problem
11/10/2019	Price change	$236,856+0%$168/sqft
Source: Auction.com Report a problem
11/9/2019	Price change	$236,803-0.2%$168/sqft
Source: Auction.com Report a problem
11/6/2019	Price change	$237,264+0%$169/sqft
Source: Auction.com Report a problem
11/4/2019	Price change	$237,240-0.1%$169/sqft
Source: Auction.com Report a problem
11/3/2019	Price change	$237,524-0.2%$169/sqft
Source: Auction.com Report a problem
10/31/2019	Listed for sale	$238,075+132.3%$169/sqft
Source: Auction.com Report a problem
7/30/1999	Sold	$102,500$73/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$729 +2.7%	$49,812 +0.9%
2025	$709 +2.7%	$49,353 +4.5%
2024	$690 +3.3%	$47,209 -1.9%
2023	$668 +3.6%	$48,116 +25.6%
2022	$645 -53.9%	$38,298 +28.8%
2021	$1,398 +133.9%	$29,739 +6.1%
2020	$598 -57.2%	$28,024
2019	$1,398 +133.9%	$28,024 +24%
2018	$598 +30%	$22,599 +26%
2017	$460	$17,934 +6.3%
2016	$460	$16,866 +11.4%
2015	$460 +3.3%	$15,135 +13.6%
2014	$445	$13,326 +11.9%
2013	$445	$11,906
2012	--	$11,906 +4.7%
2011	--	$11,370 -4.5%
2010	--	$11,908 -37.1%
2009	--	$18,921 -9.2%
2008	--	$20,837 -24.2%
2007	--	$27,491 +38.7%
2006	--	$19,820 +4.4%
2005	--	$18,993 +29.1%
2004	--	$14,714 -0.6%
2003	--	$14,808 +0.4%
2002	--	$14,750
2001	--	$14,750

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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