4

Downtown Reno Homes under $500,000

Section Image Section Image
  • 440 E 7th St, Reno, NV 89512
    440 E 7th St, Reno, NV 89512
    440 E 7th St, Reno, NV 89512
    /14

    $400,000

    • 3 Beds
    • 2 Baths
    • 775 Sq Ft

    440 E 7th St, Reno, NV 89512

    Investor special in an Opportunity Zone! Zoned MD-ID with potential for rezoning and ability to split into a duplex. Buyers and buyer's agent to verify all information. Property offers excellent upside with multiple strategies—rehab and hold, redevelop, or reposition for cash flow. Prime central location near downtown, schools, and amenities. Needs some TLC but has great bones and flexibility for

    Agent Photo

    Kristi Maxwell

    Realty One Group Eminence

    (775) 368-1009

    440 E 7th St, Reno, NV 89512
  • 1200 Riverside Dr Unit 1276, Reno, NV 89503
    1200 Riverside Dr Unit 1276, Reno, NV 89503
    1200 Riverside Dr Unit 1276, Reno, NV 89503
    /47

    $440,000

    • 2 Beds
    • 2 Baths
    • 1,624 Sq Ft

    1200 Riverside Dr Unit 1276, Reno, NV 89503

    Experience Reno living at its finest in this fully remodeled, luxurious end unit along the Truckee River. Flooded with natural light through oversized windows and high ceilings, this 1,624 sq. ft. home offers two spacious primary suites, each with its own attached bathroom and ample closet space. The chef-inspired kitchen features a breakfast bar, kitchen island, and all appliances—including

    Kevyn Stegmaier Dickson Realty - Sparks

    1200 Riverside Dr Unit 1276, Reno, NV 89503
  • 255 N Sierra St Unit 1419, Reno, NV 89501
    255 N Sierra St Unit 1419, Reno, NV 89501
    255 N Sierra St Unit 1419, Reno, NV 89501
    /40

    $455,000

    • 1 Bed
    • 2 Baths
    • 992 Sq Ft

    255 N Sierra St Unit 1419, Reno, NV 89501

    Embrace the harmonious blend of contemporary living and urban charm at The Montage, where sophistication meets serene living spaces. The residence's modern aesthetic is perfect for anyone looking to downsize without sacrificing the luxury and amenities of a larger home. The den/office space can also be used as a 2nd bedroom and the large balcony overlooking the pool gives you the best views.

    Samantha Reveley Dickson Realty - Downtown

    255 N Sierra St Unit 1419, Reno, NV 89501
  • 255 N Sierra St Unit 1011, Reno, NV 89501
    255 N Sierra St Unit 1011, Reno, NV 89501
    255 N Sierra St Unit 1011, Reno, NV 89501
    /40

    $450,000

    • 1 Bed
    • 1 Bath
    • 1,080 Sq Ft

    255 N Sierra St Unit 1011, Reno, NV 89501

    Embrace the harmonious blend of contemporary living and urban charm at The Montage, where sophistication meets serene living spaces. This desirable, corner unit has a large living space w/room for dining and office and is perfect for anyone looking to downsize without sacrificing the luxury and amenities of a larger home. Updated flooring, new appliances and a custom closet add to the the

    Samantha Reveley Dickson Realty - Downtown

    255 N Sierra St Unit 1011, Reno, NV 89501
Nevada Washoe County Reno Downtown Reno

Real Estate & Homes in Downtown Reno, Reno under $500,000

Learn more about living in Downtown Reno

Home Trends in Downtown Reno, NV

On average, homes in Downtown Reno, Reno sell after 98 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Reno, Reno over the last 12 months is $312,500, up 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$312,500
Median Single Family Sale Price
$385,000
Median Townhouse Sale Price
$416,750
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$280,000
Average Price Per Sq Ft
$332
Number of Homes for Sale
23
Last 12 months Home Sales
46
Months of Supply
6.00
Median List Price
$355,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
1%
How to Buy a Home How to Finance a Home How to Sell a Home

In Downtown Reno, you'll find a variety of homes and houses for sale priced under $500,000, offering affordable options for prospective buyers. With 4 listings available, there's a range of choices to explore, from cozy bungalows to modern townhouses. These properties provide an opportunity to enter the real estate market or expand your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Downtown Reno, Reno and find the right fit for your needs.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group