# 400 Minerva Lane, Reno, NV 89503 > **TL;DR:** commercial, $749,000 ($255/sqft), built 1949, 2,939 sqft. > A/C. Est. $4,005/mo. Listed 361 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $749,000 | | Price/sqft | $255 | | Square Feet | 2,939 | | Year Built | 1949 | | Lot Size | 19,166 sqft (0.44 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 361 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,787 | | Estimated Insurance | $218 | | **Total** | **$4,005** | ## Key Amenities - A/C ## Property Highlights - Built in 1949 - 0.44 acre lot - 2 stories - 2 parking spaces ## Description ### Agent 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 - **Address:** 400 Minerva Lane, Reno, NV 89503 - **County:** Washoe - **Neighborhood:** Ward`S Addition - **Coordinates:** 39.533722, -119.821064 - **Google Maps:** https://www.google.com/maps?q=39.533722,-119.821064 ## Listing Agent - **Name:** Corry Castaneda · **License:** B.1001732 - **Brokerage:** Chase International Real Estate - **Phone:** 7757452194 - **Broker Phone:** (866) 889-4817 ## Photos ![400 Minerva Lane - Photo 1](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2599554343r.jpg) ![400 Minerva Lane - Photo 2](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1960848865r.jpg) ![400 Minerva Lane - Photo 3](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1903621260r.jpg) ![400 Minerva Lane - Photo 4](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f720740263r.jpg) ![400 Minerva Lane - Photo 5](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1951288977r.jpg) ![400 Minerva Lane - Photo 6](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1512829463r.jpg) ![400 Minerva Lane - Photo 7](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1315533438r.jpg) ![400 Minerva Lane - Photo 8](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1683402209r.jpg) ![400 Minerva Lane - Photo 9](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2900245347r.jpg) ![400 Minerva Lane - Photo 10](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f3671866579r.jpg) ![400 Minerva Lane - Photo 11](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2094125919r.jpg) ![400 Minerva Lane - Photo 12](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f3202554271r.jpg) ![400 Minerva Lane - Photo 13](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1453422373r.jpg) ![400 Minerva Lane - Photo 14](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f4030145525r.jpg) ![400 Minerva Lane - Photo 15](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2269398891r.jpg) ![400 Minerva Lane - Photo 16](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2359937670r.jpg) ![400 Minerva Lane - Photo 17](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1600855092r.jpg) ![400 Minerva Lane - Photo 18](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2328983250r.jpg) ![400 Minerva Lane - Photo 19](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f294562456r.jpg) ![400 Minerva Lane - Photo 20](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f246895744r.jpg) ![400 Minerva Lane - Photo 21](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f3461611795r.jpg) ![400 Minerva Lane - Photo 22](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1548972546r.jpg) ![400 Minerva Lane - Photo 23](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1534431100r.jpg) ![400 Minerva Lane - Photo 24](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f827929058r.jpg) ![400 Minerva Lane - Photo 25](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2878047689r.jpg) ![400 Minerva Lane - Photo 26](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f619756933r.jpg) ![400 Minerva Lane - Photo 27](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f3034225473r.jpg) ![400 Minerva Lane - Photo 28](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f4089812098r.jpg) ![400 Minerva Lane - Photo 29](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f103149722r.jpg) ![400 Minerva Lane - Photo 30](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f1413481674r.jpg) ![400 Minerva Lane - Photo 31](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f2190282038r.jpg) ![400 Minerva Lane - Photo 32](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f450240261r.jpg) ![400 Minerva Lane - Photo 33](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f3661289593r.jpg) ![400 Minerva Lane - Photo 34](http://lh.rdcpix.com/591fb77566abf0967593480571c62645l-f877649934r.jpg) --- **MLS#:** 250057352 | **Updated:** 2026-10-02 **Source:** listhub *Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/400-minerva-lane-reno-nv-89503-50057352) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/400-minerva-lane-reno-nv-89503-50057352#listing", "url": "https://www.propertysimple.ai/listing/400-minerva-lane-reno-nv-89503-50057352", "name": "400 Minerva Lane, Reno, NV 89503", "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). 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