$375,000
3 Beds
2 Baths
987 sqft
344 E 7th St, Reno, NV 89512
Est. Mortgage $2,300/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1926
$380/sqft
Local Information
- Map ViewExplore the area around 344 E 7th St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
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About this House
Exceptional investment and development opportunity in Reno's Downtown-University District. This listing is one of two contiguous parcels (only being sold together. See MLS#250056342) at 336 & 344 East 7th Street, just blocks from the University of Nevada, Reno. Combined, the lots total approximately 12,600 sq. ft. (0.29 acres) and are zoned MD-UD (Mixed-Use Downtown - University District), one of Reno's most progressive zoning designations designed to encourage university-supportive housing, retail, and innovation uses. City Planning confirms no entitlements are required for the proposed conceptual project. Zoning allows a Floor Area Ratio of 3.0 to 4.0, which supports approximately 37,800 to 50,400 buildable square feet. There is no height limit under MD-UD zoning. Setbacks include 12 feet at the front and zero at the sides and rear (5 feet if abutting residential). Parking requirements are zero. Bicycle storage requirements are approximately 1.5 spaces per unit; a 115-unit concept would require about 170 secured bike spaces. A recent feasibility study highlights a conceptual plan as a four-story student-focused housing project of approximately 45,000 sq. ft., with an efficient mix of 75 studios (300 sq. ft.) and 40 one-bedrooms (500 sq. ft.), totaling about 115 units. Market rents in the University District average 1,100 for studios and 1,400 for one-bedrooms, supporting gross annual income of approximately 1.66M and net operating income of about 1.16M after 30 percent expenses. Projected development costs, including land and construction at 300 per sq. ft., are estimated around 14.5M, supporting an 8 percent return on cost. This is only a conceptual plan and not to be relied on as factual. The site benefits from its prime location near UNR, Midtown, and Downtown Reno, excellent access to transit, and proximity to retail, dining, and educational amenities. With by-right zoning, zero parking requirements, and strong rental demand from students and young professionals, this is a rare opportunity to deliver a high-yield urban infill project in one of Reno's most dynamic submarkets.
Last check for updates: about 19 hours ago
Listing courtesy of Eric Crosby B.1887, (775) 544-0808
RE/MAX Gold
Source: NNRMLS, MLS#250056343
Also Listed on NNRMLS.
Home Details for 344 E 7th St
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 987 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Sewer Connected, Water ConnectedAppliances: NoneLaundry: None |
Heating & Cooling Heating: OilHas HeatingHeating Fuel: Oil |
Fireplace & Spa Spa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Flooring: VariesCommon Walls: No One Above |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Varies |
View No View |
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Exterior Home Features Roof: Composition ShingleFencing: Back YardOther Structures: NoneExterior: NoneFoundation: Concrete Perimeter, OtherNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Alley Access |
Frontage Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 333Days on Market: 180+ |
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Year Built Year Built: 1926 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Construction Materials: OtherNot a New Construction |
Property Information Parcel Number: 00723107 |
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Price List Price: $375,000Price Per Sqft: $380 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active Under Contract-No Show |
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Direction & Address City: RenoCommunity: Evans Northeast Addition |
School Information Elementary School: BoothJr High / Middle School: VaughnHigh School: Wooster |
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Listing Agent Listing ID: 250056343 |
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Building Area Building Area: 987 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 6969.6 sqft |
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Special Conditions: Other |
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Contingencies: Active Under Contract-No ShowListing Terms: Cash |
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BasementMls Number: 250056343Zillow Contingency Status: Under Contract |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 1 Trulia users voted on each feature.
100 % Say it's walkable to restaurants
100 % Say there are sidewalks
100 % Say there are community events
100 % Say there's holiday spirit
100 % Say yards are well-kept
100 % Say streets are well-lit
75 % Say neighbors are friendly
50 % Say there's wildlife
50 % Say they plan to stay for at least 5 years
33 % Say kids play outside
Sourced by Trulia users. Learn more about our methodology.
Market trends in Reno
Last updated August 2026
Avg. sale price
$584K
$4KMoM
Sale-to-List Price
99.7%
Price per sq ft
$338
$3MoM
Available listings
1077
8MoM
Home Value
Trulia Estimate
$410KSince last month
Decreased$17K (-4%)Since last year
Decreased$135K (-24.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +66% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| October 2026 | $412K |
| September 2026 | $418K |
| August 2026 | $429K |
| July 2026 | $363K |
| June 2026 | $360K |
| May 2026 | $362K |
| April 2026 | $359K |
| March 2026 | $362K |
| February 2026 | $358K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Single-Family Home | $318,000 | 08/25/26 | 3 | 2 | 775 | |
0.12 | Single-Family Home | $300,000 | 01/16/26 | 2 | 1 | 816 | |
0.32 | Single-Family Home | $355,000 | 12/10/25 | 3 | 1 | 1,100 | |
0.77 | Single-Family Home | $405,000 | 02/06/26 | 3 | 2 | 1,072 | |
0.54 | Single-Family Home | $310,000 | 10/10/25 | 2 | 1 | 984 | |
0.45 | Single-Family Home | $500,000 | 09/10/26 | 6 | 2 | 2,146 | |
0.64 | Single-Family Home | $400,000 | 03/20/26 | 3 | 1 | 1,160 | |
0.65 | Single-Family Home | $340,000 | 05/19/26 | 3 | 1 | 853 | |
0.83 | Single-Family Home | $445,000 | 01/27/26 | 3 | 2 | 1,289 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $525,800 | 2 | 1 | 956 | Off Market | |
0.03 | $605,200 | Studio | - | 1,914 | Off Market | |
0.03 | $434,100 | 2 | 2 | 1,437 | Off Market | |
0.03 | $344,300 | 2 | 1.5 | 900 | Off Market | |
0.03 | - | 1 | 1 | 507 | Off Market | |
0.03 | $776,800 | 4 | - | 2,596 | Off Market | |
0.03 | - | 1 | 1 | 517 | Off Market | |
0.03 | - | 1 | 1 | 687 | Off Market | |
0.03 | - | 2 | 1 | 1,100 | Off Market | |
0.03 | $422,200 | 3 | 2 | 1,342 | Off Market | |
0.04 | $475,500 | 2 | 1 | 1,092 | Off Market | |
0.04 | - | 5 | 3 | 3,560 | Off Market | |
0.04 | - | 2 | 2 | - | Off Market | |
0.04 | - | 1 | 1 | - | Off Market | |
0.04 | - | 1 | 1 | - | Off Market | |
0.04 | $416,800 | 2 | 2.5 | 1,200 | Off Market | |
0.04 | $441,000 | 2 | 2.5 | 1,260 | Off Market | |
0.05 | - | 9 | 3 | 1,208 | Off Market | |
0.05 | $375,000 | 3 | 1 | 1,225 | Off Market | |
0.05 | - | 9 | 1 | 220 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 25, 2025 Source: NNRMLS #250056343 | Contingent | $375,000 |
Nov 16, 2025 Source: NNRMLS #250056343 | PriceChange | $375,000 Price decreased by 12% |
Oct 23, 2025 Source: NNRMLS #250056343 | PriceChange | $425,000 Price decreased by 23% |
Sep 26, 2025 Source: NNRMLS #250056343 | Listed For Sale | $550,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | $1,055 | $192,114 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Eric Crosby, RE/MAX Gold
Agent Phone: (775) 544-0808
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2026 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.
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Frequently asked questions about 344 E 7th St
- What is the estimated monthly payment for 344 E 7th St?Based on a $375,000 list price with 20% down at today's rates, the estimated monthly payment for 344 E 7th St in Reno, NV is approximately $2,372 (about $2,159 principal & interest, $138 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 344 E 7th St compare to homes in Reno?344 E 7th St in Reno, NV is listed at $375,000, about 36% below the $584K median sale price in Reno.
- What are the closest schools to 344 E 7th St?The closest schools to 344 E 7th St in Reno, NV are E Otis Vaughn Middle School (rated 4/10), Earl Wooster High School (rated 4/10), Libby C Booth Elementary School (Pre-K, rated 1/10).
- What is 344 E 7th St estimated to be worth?Trulia's estimated value for 344 E 7th St in Reno, NV is $409,900.
- Does 344 E 7th St have a yard?Yes, 344 E 7th St in Reno, NV has a yard.
- How big is the lot at 344 E 7th St?The lot at 344 E 7th St in Reno, NV is about 0.16 acres (7,000 sq ft).