531 Mill St
Reno, NV 89502
Ryland- Studio
- 2,548 sqft
Studio
2,548 sqft
Local Information
-- mins to
Description
3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces!, Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.
531 Mill St, Reno, NV 89502 is a studio, 2,548 sqft multi-family in Ryland, built in 1932. It last sold for $905,000 on Dec 16, 2024 (5% below the $950,000 asking price). More recently, it was listed as a rental in September 2024 with an asking price of $1,850 per month. That rental listing was removed on October 11, 2024. It is currently off market. The Trulia Estimate rent is $1,616/month.
Home Highlights
Parking
Carport
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 531 Mill St
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MLS Status: Closed |
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Appliances & Utilities Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water AvailableAppliances: Oven, Gas Range, RefrigeratorLaundry: In Unit,Washer HookupRefrigerator |
Heating & Cooling Heating: Forced Air,Natural Gas,Varies by UnitHas CoolingAir Conditioning: Central Air,Refrigerated,Varies by UnitHas HeatingHeating Fuel: Forced Air |
Windows, Doors, Floors & Walls Window: Blinds, VariesFlooring: Laminate, Varies, Wood |
Levels, Entrance, & Accessibility Stories: 2Floors: Laminate, Varies, Wood |
Security Security: Keyless Entry, Smoke Detector(s) |
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Exterior Home Features Roof: Composition Pitched ShingleFencing: FullFoundation: Slab |
Parking & Garage Has a CarportNo Attached GarageParking Spaces: 5Parking: Alley Access,Carport,Varies by Unit |
Frontage Road Frontage: PublicResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 67 |
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Year Built Year Built: 1932 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Brick |
Property Information Parcel Number: 01211211 |
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Price List Price: $950,000 |
Status Change & Dates Off Market Date: Mon Dec 16 2024Possession Timing: Subject To Tenant Rights |
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Direction & Address City: RenoCommunity: Haydon-Shoemaker Addition |
School Information Elementary School: BoothJr High / Middle School: VaughnHigh School: Wooster |
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Building Area Building Area: 2548 Square Feet |
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Lot Area: 6969.6 sqft |
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Listing Terms: 1031 Exchange, Cash, Conventional |
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Mls Number: 240013036 |
Last check for updates: about 6 hours ago
Listed by Laura Kirsch S.176875, (775) 391-9076
Marmot Properties, LLC
Bought with: Dilyn Rooker S.197799, (775) 450-7994, Marmot Properties, LLC
Source: NNRMLS, MLS#240013036

Price History for 531 Mill St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/16/2024 | $905,000 | Sold | NNRMLS #240013036 |
| 11/04/2024 | $950,000 | Pending | NNRMLS #240013036 |
| 10/28/2024 | $950,000 | PriceChange | NNRMLS #240013036 |
| 10/11/2024 | $1,850 | ListingRemoved | Zillow Rentals |
| 10/10/2024 | $975,000 | Listed For Sale | NNRMLS #240013036 |
| 09/28/2024 | $1,850 | Listed For Rent | Zillow Rentals |
| 09/12/2024 | $1,850 | ListingRemoved | Zillow Rentals |
| 09/09/2024 | $1,850 | Listed For Rent | Zillow Rentals |
| 08/23/2019 | $489,000 | Sold | NNRMLS #190009161 |
| 06/18/2019 | $1,300 | ListingRemoved | Agent Provided |
| 06/18/2019 | $489,000 | PriceChange | Agent Provided |
| 06/07/2019 | $1,300 | Listed For Rent | Agent Provided |
| 04/26/2019 | $494,500 | PriceChange | Agent Provided |
| 01/30/2019 | $498,500 | Listed For Sale | Agent Provided |
| 11/01/2018 | $499,500 | ListingRemoved | Agent Provided |
| 09/04/2018 | $499,500 | PriceChange | Agent Provided |
| 07/07/2018 | $505,000 | PendingToActive | Agent Provided |
| 06/15/2018 | $505,000 | Pending | Agent Provided |
| 04/15/2018 | $505,000 | Listed For Sale | Agent Provided |
| 01/10/2018 | $510,000 | ListingRemoved | Agent Provided |
| 10/16/2017 | $510,000 | Listed For Sale | Agent Provided |
| 12/04/2015 | $850 | ListingRemoved | Agent Provided |
| 12/02/2015 | $850 | Listed For Rent | Agent Provided |
| 04/17/2007 | $345,000 | Sold | N/A |
| 12/31/1998 | $300,000 | Sold | N/A |
| 06/11/1998 | $325,000 | Sold | N/A |
Market trends in Reno
Last updated June 2026
Avg. sale price
$569K
$8.33KMoM
Sale-to-List Price
99.8%
0.2%MoM
Price per sq ft
$331
$6MoM
Available listings
1105
26MoM
Property Tax and Assessment
| Year | 2026 |
|---|---|
| Tax | $1,999 |
| Assessment | $296,537 |
Home facts updated by county records
Comparable Sales for 531 Mill St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Multi-Family Home | $860,000 | 01/15/26 | - | 2,940 | ||
0.34 | Multi-Family Home | $775,000 | 01/07/26 | - | 1,962 | ||
0.45 | Multi-Family Home | $975,000 | 11/10/25 | 3 | 5 | 2,700 | |
0.41 | Multi-Family Home | $1,060,450 | 01/23/26 | - | 3,843 | ||
0.24 | Multi-Family Home | $500,000 | 11/07/25 | - | 1,450 | ||
0.35 | Multi-Family Home | $770,000 | 06/29/26 | 2 | 3 | 2,163 | |
0.22 | Multi-Family Home | $675,000 | 12/12/25 | - | 1,921 | ||
0.62 | Multi-Family Home | $745,000 | 12/29/25 | - | 2,165 | ||
0.51 | Multi-Family Home | $795,000 | 09/30/25 | - | 2,336 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 531 Mill St.
What Locals Say about Ryland
At least 1 Trulia users voted on each feature.
100 % Say it's dog friendly
100 % Say there's holiday spirit
100 % Say yards are well-kept
100 % Say parking is easy
100 % Say kids play outside
100 % Say neighbors are friendly
50 % Say car is needed
50 % Say there are sidewalks
50 % Say there are community events
50 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 531 Mill St
Off Market Homes Near 531 Mill St

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