516 Ryland St Reno, NV 89502
MidTown NeighborhoodEstimated payment $3,981/month
Highlights
- Wood Flooring
- Covered Patio or Porch
- Double Pane Windows
- Corner Lot
- 1 Car Detached Garage
- 3-minute walk to Stewart Park
About This Home
Great opportunity to own a versatile mixed-use property in the heart of Reno's vibrant Downtown Riverwalk District! This property offers excellent flexibility for investors, entrepreneurs, or homeowners looking for a live-work option. Zoned for mixed-use, the space can function as residential multifamily or be converted into office or commercial use(subject to city approval). Prime location with endless potential.The property features two separate living units, making it ideal for multi-generational living, rental income, or owner-user scenarios. The upper unit offers two bedrooms and one fully remodeled bathroom, complete with modern fixtures, tile finishes a, and stylish updates throughout. The main living space is bright and welcoming, offering wood flooring, fresh paint, and thoughtful updates that blend comfort and functionality.Downstairs, the lower unit features a one-bedroom, one-bath layout with an additional bonus room, ideal for a home office, guest space, or creative studio. This unit also features tasteful improvements, contributing to the overall move-in-ready feel of the property.Exterior features include a recently installed patio cover, perfect for outdoor entertaining or relaxing on warm evenings, and a newer privacy gate in the backyard area for added security and functionality. A new roof was installed, offering peace of mind for years to come.Whether you're looking to add an income-producing asset to your portfolio or seeking a live/work scenario in one of Reno's most desirable downtown zones, this property presents a compelling opportunity.Don't miss your chance to own a property in a growing area with tons of walkability, visibility. Must see to appreciate the updates, layout, and possibilities this property provides. Schedule your showing today!
Listing Agent
Sandra Peterson
Redfin License #S.196102 Listed on: 07/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,058
Year Built
- Built in 1932
Lot Details
- 3,485 Sq Ft Lot
- Security Fence
- Property is Fully Fenced
- Corner Lot
- Level Lot
Home Design
- Brick or Stone Mason
- Pitched Roof
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 2,168 Sq Ft Home
- 2-Story Property
- Furnished or left unfurnished upon request
- Wood Burning Fireplace
- Double Pane Windows
Kitchen
- Gas Range
- ENERGY STAR Qualified Appliances
Flooring
- Wood
- Ceramic Tile
Laundry
- Laundry in Hall
- Dryer
- Washer
Home Security
- Home Security System
- Smart Thermostat
- Fire and Smoke Detector
Parking
- 1 Car Detached Garage
- Common or Shared Parking
- Garage Door Opener
Schools
- Booth Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Baseboard Heating
- Master Meter
- Natural Gas Connected
- Gas Water Heater
- Internet Available
- Phone Available
- Cable TV Available
Additional Features
- Accessibility Features
- Covered Patio or Porch
Listing and Financial Details
- Assessor Parcel Number 013-011-25
Community Details
Overview
- 2 Units
- Reno Community
- Wells Addition Subdivision
Pet Policy
- Pets Allowed
Building Details
- 2 Vacant Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,915 | $64,315 | $33,874 | $30,441 |
| 2024 | $1,915 | $62,675 | $32,334 | $30,341 |
| 2023 | $1,776 | $58,630 | $30,794 | $27,835 |
| 2022 | $1,648 | $47,940 | $24,635 | $23,304 |
| 2021 | $1,527 | $42,270 | $20,017 | $22,253 |
| 2020 | $1,435 | $42,327 | $20,017 | $22,310 |
| 2019 | $1,378 | $37,521 | $16,231 | $21,290 |
| 2018 | $1,319 | $35,134 | $14,820 | $20,314 |
| 2017 | $1,222 | $32,958 | $14,467 | $18,491 |
| 2016 | $1,191 | $32,307 | $14,114 | $18,193 |
| 2015 | $1,190 | $32,113 | $14,114 | $17,999 |
| 2014 | $1,163 | $31,364 | $14,114 | $17,250 |
| 2013 | -- | $30,856 | $14,114 | $16,742 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $699,000 | +21.7% | $322 / Sq Ft |
| 03/28/2024 03/28/24 | Sold | $574,500 | 0.0% | $265 / Sq Ft |
| 02/24/2024 02/24/24 | Pending | -- | -- | -- |
| 01/12/2024 01/12/24 | Price Changed | $574,500 | -16.6% | $265 / Sq Ft |
| 09/26/2023 09/26/23 | For Sale | $689,000 | -- | $318 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $574,500 | First American Title | |
| Bargain Sale Deed | $310,000 | Ticor Title Las Vegas | |
| Interfamily Deed Transfer | -- | Ticor Title Reno | |
| Bargain Sale Deed | $150,000 | Western Title Incorporated |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $374,000 | New Conventional | |
| Previous Owner | $320,000 | Unknown | |
| Previous Owner | $120,000 | Unknown | |
| Closed | $30,000 | No Value Available |
Source: Northern Nevada Regional MLS
MLS Number: 250053841
APN: 013-011-25
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