1340 N Sierra St is a rare opportunity in one of Reno's most desirable areas around UNR. With 6 units, zoned MU, this property combines strong cash flow with future development potential. The property is comprised of two buildings thoughtfully arranged around spacious outdoor areas. The primary residence is a comfortable 2-bedroom, 1-bath home, accompanied by the 2nd building which offers two 1-bedroom units on the lower level and three studio loft units upstairs. Together, the six residences provide a diverse mix of living options, all with strong rental demand due to the unbeatable location. Plenty of parking with alley access and frontage road, well maintained and professionally managed with current leases and documentation. Beyond the property itself, the lifestyle it offers is second to none. Nestled in the cultural heart of Reno, short proximity from UNR, School of the Arts, museums, research centers, and student halls, while downtown Reno's vibrant restaurants, music venues, libraries, and shops are just minutes away. For those who love the outdoors, the Truckee River and surrounding trails are nearby, adding to the appeal of this sought-after neighborhood. Steady income and a redevelopment project are what this rare opportunity offers. Tenants occupy the studios currently on month to month, and the 1/1 and house are currently listed for rent, vacant and easy to show.