$4,100,000
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1045 Riverside Drive, Reno, NV 89503

 Contact
- Beds
0 Baths
9,679 Sq Ft

Welcome to Loomis Manor at 1045 Riverside Dr, a prime multifamily investment property located in one of Renos most sought-after areas, across from the picturesque Truckee River. This building offers an exceptional location within walking distance of Downtown Reno, the Riverwalk district, and the scenic parks along the river. It's surrounded by numerous restaurants, retail shops, and recreational opportunities, making it an ideal choice for renters looking to live in a vibrant and convenient neighborhood., This 18-unit apartment property boasts a 100% occupancy rate and is ideally located on Riverside Drive, just steps from the Truckee River and Downtown Reno. The building spans 9,679 square feet on a 0.44-acre lot and was originally constructed in 1934, with extensive renovations completed on 11 units in 2022. Residents enjoy ample parking, with a ratio of 1.86 spaces per 1,000 square feet, as well as modern kitchens, updated bathrooms, and spacious living areas. With strong value-add potential through continued renovations, the property is well-positioned to benefit from the neighborhoods ongoing growth and popularity among young professionals and families, offering investors attractive long-term rental income and appreciation prospects.

Listing By: Christopher Moton - Marmot Properties, LLC nvnnrmls Realty.com
  • MLS# 250003918
  • Date Listed03/28/2025
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.44 acres (19,166 sq. ft)
  • Sewer Public Sewer
  • Subdivision Powning Addition
  • Property Type Multi Family
  • County Washoe
  • Year Built 1934
  • Water Public
  • Square Feet 9,679 sq. ft
  • Price Per Sq. Ft $423.6

Interior Features

  • Flooring Carpet, Ceramic Tile, Laminate
  • Cooling Wall/Window Unit(s)
  • Heating Natural Gas, Radiant

Exterior / Lot Features

  • Roof Flat
  • Lot Size Acres 0.44
  • Lot Size SQFT 19,166.40
  • Lot Features -

Directions

Keystone Ave

Financial Considerations

  • Tax Amount $8,630
  • Terms Cash, Conventional, FHA, VA Loan

Schools near 89503

Explore the local neighborhood highlights and top-rated schools near 89503 in Reno, NV.

Nearby Schools

Source: School Digger

Turning Point

Public • 1 - 12 • Serves this home

1.11 mi

Distance

Elmcrest Elementary School

Public • PK - 6

1.44 mi

Distance

Libby C Booth Elementary School

Public • PK - 5

2.76 mi

Distance

Glenn Duncan Elementary School

Public • PK - 5

2.77 mi

Distance

Anderson Elementary School

Public • PK - 6

3.31 mi

Distance

Roger Corbett Elementary School

Public • PK - 5

3.69 mi

Distance

Rita Cannan Elementary School

Public • PK - 5

4.59 mi

Distance

Kate M Smith Elementary School

Public • PK - 5

4.72 mi

Distance

Smithridge Elementary School

Public • PK - 5

5.4 mi

Distance

Huffaker Elementary School

Public • PK - 6

5.45 mi

Distance

The Davidson Academy Of Nevada

Public • 6 - 12 • Serves this home

1.98 mi

Distance

Darrell C Swope Middle School

Public • 6 - 8

2.16 mi

Distance

Archie Clayton Middle School

Public • 6 - 8

2.69 mi

Distance

Coral Academy Of Science Charters Chool - 5-8

Public • 5 - 8

2.77 mi

Distance

E Otis Vaughn Middle School

Public • 6 - 8

2.96 mi

Distance

Fred W Traner Middle School

Public • 6 - 8

3.37 mi

Distance

B D Billinghurst Middle School

Public • 6 - 8

4.97 mi

Distance

Sparks Middle School

Public • 6 - 8

5.21 mi

Distance

Edward L Pine Middle School

Public • 6 - 8

5.4 mi

Distance

Washoe Inspire Academy

Public • 6 - 12

5.95 mi

Distance

Reno High School

Public • 9 - 12 • Serves this home

0.3 mi

Distance

Encompass Academy

Public • 9 - 12

0.3 mi

Distance

Innovations High School

Public • 9 - 12

1.03 mi

Distance

Coral Academy Charter School Secondary

Public • 9 - 12

2.77 mi

Distance

Procter R Hug High School

Public • 9 - 12

3.54 mi

Distance

Earl Wooster High School

Public • 9 - 12

3.69 mi

Distance

Robert Mc Queen High School

Public • 9 - 12

4.3 mi

Distance

Academy Of Career Education Charter School

Public • 9 - 12

4.44 mi

Distance

Concurrent Academy Of Art Careers And Technology

Public • 9 - 12

5.19 mi

Distance

Tmcc Magnet High School

Public • 10 - 12

5.32 mi

Distance

Koinonia Day Treatment

Private • UG - UG

3.53 mi

Distance

The Church Academy

Private • KG - 12

4.41 mi

Distance

Newton Learning Center Of Northern Nevada

Private • KG - 12

4.86 mi

Distance

Truckee Meadows School

Private • 07 - 12

5.49 mi

Distance

Lighthouse Baptist Academy

Private • KG - 12

6.94 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 89503

Discover key demographics, population statistics, and environmental insights for the Reno, NV area.

Population & Environment

Source: Sperling's Best Places

Walkability in NV / 89503

Source: Walk Score

61/100

Somewhat Walkable

Walk Score ®

33/100

Some Transit

Transit Score ®

67/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

3 nearby routes: 3 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 24/100, Bike Score: 43/100.

Property Change History

Price Per Square Foot decreased from $6,560.00 to $423.60
Property description updated with new details

Points of Interest near 1045 Riverside Drive, Reno, NV 89503

Frequently Asked Questions for 1045 Riverside Drive

Source: Realty.com

1045 Riverside Drive, Reno, NV 89503 in Powning Addition, Reno, NV 89503 is a multi family listed at $4,100,000. Highlights include 9,679 sq. ft., built in 1934, 0.44 acre lot, $424 per sq. ft.. Realty.com has 23 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 23 photos of 1045 Riverside Drive.

Our records indicate that 1045 Riverside Drive was built in 1934.

The full address for this home is 1045 Riverside Drive, Reno, NV 89503.

1045 Riverside Drive has been listed on Realty.com since Fri March 28, 2025

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 24/100, Bike Score: 43/100.

There are 3 schools assigned to this home. Check out the schools near 1045 Riverside Drive. Turning Point (Grades: 1 - 12), The Davidson Academy Of Nevada (Grades: 6 - 12), Reno High School (Grades: 9 - 12)

Listing provided courtesy of: Marmot Properties, Llc (tel: 775-301-5289)
Listing agent: Christopher Moton (tel: 775-870-7142) (#13072)

This content last refreshed on 2026-06-23 13:07:38. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.