$1,000,000

496 Highland Ave Reno, NV 89512

West University Neighborhood

Estimated payment $5,708/month

Total Views 503
-- Bed
-- Bath
3,507 Sq Ft
$285 Price per Sq Ft

Highlights

  • Attached Garage
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Double Pane Windows
  • Level Lot
  • 4-minute walk to Dick Taylor Memorial Park

About This Home

496 Highland Ave. is located within the University rental submarket and sits just east of the University of Nevada, Reno. This asset is 3 units consisting of a 4 bed 4 bath unit and two 2 bed 2 bath units, and the units are rented by the bedroom. Each bedroom gets its own full bath, and each unit features shared kitchen and laundry facilities. All utilities are included in the rent.

Listing Agent

Angela Beard

RE/MAX Gold License #S.48237 Listed on: 09/08/2025

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,556

Year Built

  • Built in 2004

Lot Details

  • 8,015 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 3,507 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Parking Pad
  • 2 Parking Spaces Included

Schools

  • Lemelson Stem Academy Elementary School
  • Traner Middle School
  • Hug High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Master Meter
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 007-076-03

Community Details

Overview

  • 3 Units
  • Reno Community
  • University Heights Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Trash Expense $340
  • Vacancy Allowance $4,080
  • Net Operating Income $47,414

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,556

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Year Built: 2004
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Features: Level
  • Lot Size Acres: 0.18
  • Is Senior Community?: No
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Subdivision Name: University Heights
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: MF30
  • Building Stories5: 2
  • Cooling Central Air: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Security Features Smoke Detector(s): Yes
  • Appliances Microwave: Yes
  • Water Heater Gas5: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Lemelson Stem Academy
  • Tax Legal High School2: Hug
  • Lot Lot Size Acres4: 0.184
  • Lot Lot Size Square Feet4: 8015.04
  • Appliances Electric Range: Yes
  • Appliances Oven: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 4555.87
  • Incomeand Expenses Net Operating Income: 47414.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 3.0
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Traner
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Levels Two: Yes
  • Incomeand Expenses Total Actual Rent: 81600.0
  • Incomeand Expenses Trash Expense: 340.0
  • Meter Information Number Of Separate Electric Meters: 3
  • Meter Information Number Of Separate Gas Meters: 3
  • Unit Details Number Of Units Leased: 3
  • Typeof Construction Site Stick- Built2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oven, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Laminate, Varies
  • Number Of Buildings: 1
  • Owner Pays: All Utilities
  • Window Features: Double Pane Windows, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Flooring Laminate: Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 3507.0
  • Laundry Features In Unit: Yes
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Shingle
  • Stories: 2
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: None
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Parking Features: Attached, Parking Pad
  • Parking Features Attached: Yes
  • Parking Features Parking Pad: Yes
  • Unit1 Garage Attached Y N: No
  • Unit1 Parking Capacity Per Unit: 2.0
  • Unit2 Garage Attached Y N2: No
  • Unit2 Parking Capacity Per Unit2: 1.0
  • Unit3 Garage Attached Y N3: No
  • Unit3 Parking Capacity Per Unit3: 1.0

Utilities

  • Utilities: Electricity Connected, Internet Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: In Unit
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Heating Forced Air: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Owner Pays All Utilities: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Internet Connected: Yes
  • Utilities Natural Gas Connected: Yes

Fee Information

  • Trash Expense: 340.0

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 007-076-03
  • Fencing: None
  • Lot Size Sq Ft: 8015.04
  • Zoning: MF30

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Scheduled Income: 81600.0
  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3
  • Total Actual Rent: 81600.0
  • Income And Expenses Vacancy Allowance: 4080
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Income And Expenses Vacancy Allowance: 4080

Tax Info

  • Tax Annual Amount: 4555.87

MLS Schools

  • Elementary School: Lemelson Stem Academy
  • HighSchool: Hug

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 For Sale $1,000,000 -- $285 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250055606

Northern Nevada Regional MLS
Nevada Washoe County Reno 89512 West University

496 Highland Ave, Reno, NV

This home is located at 496 Highland Ave, Reno, NV 89512 and is currently priced at $1,000,000, approximately $285 per square foot. This property was built in 2004. 496 Highland Ave is a home located in Washoe County with nearby schools including Dorothy Lemelson STEM Academy Elementary School, Fred W. Traner Middle School, and Procter R. Hug High School.

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Angela Beard
Listing Agent
Angela Beard
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RE/MAX Gold
(775) 458-8971