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 Square Feet Lot
$579,300 Zestimate®
$301/sqft
$2,976 Estimated rent
Home value
$579,300
$550,000 - $608,000
$2,976/mo
Zestimate® history
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Zillow last checked:
Listing updated:
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 Square Feet
- 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 & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: University Park
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Reno
Financial & listing details
- Price per square foot: $301/sqft
- Tax assessed value: $153,696
- Annual tax amount: $964
- Date on market: 4/16/2025
- Cumulative days on market: 30 days
- 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 | ||
| 10/27/2004 | Sold | $280,000+51.4%$143/sqft |
Source: Public Record Report a problem | ||
| 5/7/2004 | Sold | $185,000$94/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $1,075 +11.4% | $53,794 +2.9% |
| 2025 | $965 +7.6% | $52,281 +4.5% |
| 2024 | $897 +8.3% | $50,053 -1.5% |
| 2023 | $828 +7.5% | $50,792 +25.6% |
| 2022 | $770 +6.3% | $40,424 +28.8% |
| 2021 | $725 +2.8% | $31,386 +5.9% |
| 2020 | $705 -2.8% | $29,637 |
| 2019 | $725 +2.8% | $29,637 +23.6% |
| 2018 | $705 +16.7% | $23,969 +12.9% |
| 2017 | $604 | $21,232 +6.2% |
| 2016 | $604 | $19,995 +9.8% |
| 2015 | $604 +9.9% | $18,208 +19% |
| 2014 | $549 | $15,297 +7.5% |
| 2013 | $549 | $14,236 |
| 2012 | -- | $14,236 +3.4% |
| 2011 | -- | $13,766 -4.8% |
| 2010 | -- | $14,464 -36.5% |
| 2009 | -- | $22,767 -9.3% |
| 2008 | -- | $25,108 -24.9% |
| 2007 | -- | $33,427 +38.7% |
| 2006 | -- | $24,108 +4.3% |
| 2005 | -- | $23,116 +46.3% |
| 2004 | -- | $15,801 -0.6% |
| 2003 | -- | $15,896 +0.4% |
| 2002 | -- | $15,838 |
| 2001 | -- | $15,838 |
Find assessor info on the county website
Neighborhood: East University
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Nearby schools
GreatSchools rating
- 4/10Dorothy Lemelson STEM Academy Elementary SchoolGrades: PK-5Distance: 0.1 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
$579,300
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Estimated market value
$579,300
- Nevada
- Washoe County
- Reno
- 89512
- East University
- 240 Bisby St
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