Reno Homes under $500,000

Welcome to Reno, Nevada – the vibrant city known as "The Biggest Little City in the World." Nestled at the base of the stunning Sierra Nevada mountains, Reno offers a unique blend of outdoor adventure, cultural experiences, and an inviting community atmosphere. With its rich history, bustling arts scene, and proximity to breathtaking natural landscapes, Reno is an ideal place to call home.

For those seeking affordable housing options, Reno presents a fantastic opportunity with a variety of homes available under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find an array of charming properties that cater to diverse lifestyles. From cozy single-family homes in family-friendly neighborhoods to modern condos with breathtaking views, Reno’s real estate market is as dynamic as the city itself.

Living in Reno means you’re just minutes away from the great outdoors. Enjoy skiing in the winter, hiking and biking in the summer, and year-round access to beautiful lakes and parks. The city is also home to a thriving culinary scene, vibrant nightlife, and numerous cultural festivals that bring the community together.

With its affordable housing options and an abundance of recreational activities, Reno is not just a place to live; it’s a place to thrive. Discover your dream home in this dynamic city today, and experience all that Reno has to offer! Whether you’re drawn by the stunning scenery or the welcoming community, you’ll find that Reno is a place where you can truly feel at home.

Newest Reno Homes under $500,000

$425,000

260012823 MLS

INVESTOR SPECIAL | PRIME MIDTOWN LOCATION | VALUE-ADD OPPORTUNITY Bring your vision to 420 Holcomb Avenue, a rare value-add opportunity in the heart of Reno's highly sought-after Midtown district. Located just steps from some of Reno's best restaurants, bars, shopping, coffee shops, and local businesses, this property offers the ideal combination of location and upside for an investor, contractor, or experienced buyer looking for a true fixer-upper with significant potential. Situated on approximately 0.092 acres, the property consists of three separate buildings with three total units, each configured as a 1-bedroom, 1-bathroom residence. NOTE: One of the units has suffered fire damage/casualty and is currently non habitable/non rentable in need of significant restoration. The property is currently in poor condition and requires substantial renovation, repairs, and deferred maintenance, making this an ideal project for a contractor or buyer capable of executing a comprehensive renovation strategy. The opportunity lies in the pro forma rental upside. With the right investment of capital and improvements, a buyer may be able to substantially enhance the property's condition, functionality, curb appeal, and overall rental performance while benefiting from the strong demand and established desirability of the Midtown submarket. The location is a major asset, with convenient access to Midtown's vibrant dining, entertainment, retail, and neighborhood amenities, as well as Downtown Reno and surrounding employment centers. Properties offering multiple units in this established Midtown setting are increasingly difficult to find—particularly opportunities where a buyer can create value through renovation. Additional opportunity: The neighboring property at 452 Holcomb Avenue is also owned by the same seller, creating the potential for an interested buyer to explore the acquisition of both adjacent properties and pursue a larger investment strategy. Property is being sold in its current "as-is" condition. Buyer to independently verify all property details, zoning, allowable uses, rental potential, square footage, and development/renovation opportunities. Please do not disturb current tenants. Contact listing agent for showings by appointment only.

420 Holcomb Ave, Reno

Courtesy of Corry Castaneda and Chase International-Damonte. Contact:

$499,000

260012822 MLS

INVESTOR SPECIAL | PRIME MIDTOWN LOCATION | VALUE-ADD OPPORTUNITY Bring your vision to 452 Holcomb Avenue, a rare value-add opportunity in the heart of Reno's highly sought-after Midtown district. Located just steps from some of Reno's best restaurants, bars, shopping, coffee shops, and local businesses, this property offers the ideal combination of location and upside for an investor, contractor, or experienced buyer looking for a true fixer-upper with significant potential. Situated on approximately 0.092 acres, the property consists of three separate buildings with three total units, each configured as a 1-bedroom, 1-bathroom residence. The property is currently in poor condition and requires substantial renovation, repairs, and deferred maintenance, making this an ideal project for a contractor or buyer capable of executing a comprehensive renovation strategy. The opportunity lies in the pro forma rental upside and all tenants are on month to month leases. With the right investment of capital and improvements, a buyer may be able to substantially enhance the property's condition, functionality, curb appeal, and overall rental performance while benefiting from the strong demand and established desirability of the Midtown submarket. The location is a major asset, with convenient access to Midtown's vibrant dining, entertainment, retail, and neighborhood amenities, as well as Downtown Reno and surrounding employment centers. Properties offering multiple units in this established Midtown setting are increasingly difficult to find—particularly opportunities where a buyer can create value through renovation. Additional opportunity: The neighboring property at 420 Holcomb Avenue is also owned by the same seller, creating the potential for an interested buyer to explore the acquisition of both adjacent properties and pursue a larger investment strategy. Property is being sold in its current condition. Buyer to independently verify all property details, zoning, allowable uses, rental potential, square footage, and development/renovation opportunities. Please do not disturb current tenants. Contact broker for more information and showing times.

452 Holcomb Ave, Reno

Courtesy of Corry Castaneda and Chase International-Damonte. Contact:

$465,000

3 Beds ⋅ 2 Baths ⋅ 260012805 MLS

Welcome home to this bright and inviting 3-bedroom, 2-bathroom home offering 1,468 square feet of comfortable living space. Large windows fill the home with natural light, while the open and welcoming floor plan creates an easy flow for everyday living and entertaining. Fresh interior paint, new LVP flooring, and new carpet throughout give the home a clean, move-in-ready feel. Outside, RV parking provides added convenience and flexibility. Centrally located near parks, shopping, dining, and with easy freeway access, this home offers the perfect combination of comfort and convenience. Some photos have been virtually staged.

9548 Black Bear Dr, Reno

Courtesy of Lori Welsh and Dickson Realty - Caughlin. Contact:

$215,900

1 Beds ⋅ 1 Baths ⋅ 260012792 MLS

Fantastic opportunity to own in the Wood Chase Condominium community. This unit is a one bedroom, one bath, 665 square foot upstairs unit with fireplace. All new interior paint and new laminate flooring throughout, brand new air conditioner, brand new furnace, and newer water heater (June 2026). Enjoy your living area with a wood burning fireplace. The living area and bedroom has ceiling fans and recessed lighting. Kitchen has new upgraded countertops and cabinets have been freshly painted with new hardware. Kitchen complete with refrigerator, dishwasher and the laundry room has a washer and dryer. This condo has central heating and air, a private patio with additional storage and covered parking. Amenities include fitness center, pool, indoor hot tub, and clubhouse. Convenient location close to freeway access, shopping, and walking trails nearby. Water and trash are included with HOA fee.

555 E Patriot Blvd Unit # 268, Reno

Courtesy of Darlene Sharpe and Dickson Realty - Damonte Ranch. Contact:

$475,000

4 Beds ⋅ 2 Baths ⋅ 260012786 MLS

Welcome to this spacious single-story home in the desirable Canyon Hills Community! Nestled on a secluded cul-de-sac, this 4-bedroom, 2-bathroom residence offers comfortable living with a 3-car garage and thoughtful features throughout. The well-appointed kitchen includes a gas range, while the dedicated laundry room provides convenient cabinetry for extra storage. Enjoy peace of mind with a newer water heater, plus added versatility with an RV or hot tub pad. Step outside to relax and entertain under the covered patio, surrounded by the privacy and tranquility of this tucked-away location. A wonderful opportunity to enjoy single-story living with space, convenience, and privacy!

17955 Blake Ct, Reno

Courtesy of Alan Hoffman and HomeGate Realty of Reno. Contact:

$500,000

3 Beds ⋅ 3 Baths ⋅ 260012783 MLS

Welcome to this beautifully maintained home in the quiet and desirable Roseview community! This move-in-ready property offers a wonderful blend of comfort, style, and low-maintenance living. The home features a newer water heater and HVAC system, mature landscaping, and thoughtfully designed low-maintenance outdoor spaces. Inside, you'll find luxury vinyl and tile flooring, newer carpet in the bedrooms, fresh window blinds and shades, ceiling fans throughout, and updated bathrooms. The kitchen is equipped with stainless steel appliances and granite countertops, making it both functional and inviting. The spacious foyer and dining area feature impressive high ceilings, creating an open and welcoming feel. The laundry room offers added convenience with a washer and dryer that stay, along with plenty of cabinets and shelving for storage. Step through the slider to the covered patio and private backyard, complete with easy-care AstroTurf—perfect for relaxing or entertaining. Enjoy all that the community has to offer, with pickleball and basketball courts, parks, and nearby trails just minutes away. This clean, well-cared-for home is ready for you to make it your own!

3142 Winter Rose Cir, Reno

Courtesy of Alan Hoffman and HomeGate Realty of Reno. Contact:

$225,000

2 Beds ⋅ 1 Baths ⋅ 260012777 MLS

Turnkey Opportunity Near UNR! This completely remodeled ground-floor 2-bedroom, 1-bath condo offers approximately 970 square feet in a convenient Northwest Reno location near UNR, shopping, dining, and essential services. The property features new flooring throughout and new stainless steel appliances, creating a low-maintenance rental opportunity. Short-term rentals are allowed, providing flexible rental options. Community amenities include a pool, hot tub, clubhouse, gym and BBQ's. With its convenient location, remodeled interior, ground-floor access, and rental flexibility, this condo offers an attractive opportunity for investors or buyers seeking a property with income potential.

140 Griswold Way Unit UNIT A, Reno

Courtesy of Connie Zanotto and New Dimensions, Inc.. Contact:

$315,000

2 Beds ⋅ 2 Baths ⋅ 260012762 MLS

Welcome to 325 Smithridge Park, a 3-bedroom, 1.5-bath townhouse offering approximately 1,220 square feet in central Reno. Recent improvements include new exterior and carport paint, new flooring downstairs and in the upstairs bathrooms, and new lighting throughout the lower level. The primary bedroom features generous closet space and a crystal chandelier. Double-pane windows and sliders provide natural light throughout the home, while a powerful wall-mounted evaporative cooler provides cooling. A dog door is located downstairs. Outside, enjoy a private back patio with a separate brick garden area ideal for vegetables, herbs, or flowers, plus an outdoor storage shed. The double carport provides one covered and one uncovered parking space. Out front, the property opens to an expansive shared lawn surrounded by mature trees that provide abundant shade and a park-like setting. Conveniently located near shopping, dining, parks, and major roadways, 325 Smithridge Park combines usable indoor space with exceptional outdoor surroundings.

325 Smithridge Park, Reno

Courtesy of Jonathan Poole and Real Broker LLC. Contact:

$319,500

3 Beds ⋅ 2 Baths ⋅ 260012741 MLS

Charming 3 bedroom 1.5 bath townhouse in Smithridge Park. conveniently located near shopping, airport, and dining. Fresh paint throughout. New carpet in bedrooms. Luxury vinyl plank on lower level, stairs and landing. Remodeled bathrooms. Parking area covered for two vehicles.

489 Smithridge Park, Reno

Courtesy of Molly Hofmann and RE/MAX Gold. Contact:

$339,900

2 Beds ⋅ 2 Baths ⋅ 260012734 MLS

Prime Front-of-Complex Corner Unit with Deeded Garage, Carport & Full ADA Accessibility in Gated Silver Creek! Welcome home to Silver Creek Condominiums! Ideally positioned at the front of this desirable gated community, just steps away from the main clubhouse, pool, and fitness center, this exceptional ground-floor corner unit offers unmatched convenience, easy single-level living, and a premier Northwest Reno location. Featuring 968 square feet of thoughtfully designed living space, this 2-bedroom, 2-bathroom home stands apart with rare dual parking assets—including its own deeded, oversized finished garage plus a covered carport space positioned directly outside your front door. Inside, the single-level floor plan is fully ADA-compatible and packed with functional upgrades: expanded doorways and hallways, a zero-step roll-in/walk-in shower with safety handrails, updated laminate and vinyl tile flooring, venetian blinds, central A/C, and all major appliances conveying! Both bedrooms feature generous walk-in closets. Step out onto your covered private patio or walk just seconds to Silver Creek's resort-style amenities, including the pool, hot tub, clubhouse, and gym. The comprehensive HOA handles water, sewer, trash, snow removal, exterior/common-area maintenance, hazard insurance, and cable TV/internet—delivering true low-maintenance peace of mind. Minutes from I-80, UNR, Downtown Reno, and local shopping, with fast access west to Truckee and Lake Tahoe. Perfect as a primary residence, lock-and-leave retreat, or high-demand investment property! Contact the Listing agent for more information, easy to show with only 1 hour notice, this amazing unit will not last long.

6850 Sharlands Ave Unit # 1005, Reno

Courtesy of Christian Giller and RE/MAX Gold. Contact:

$399,900

3 Beds ⋅ 2 Baths ⋅ 260012725 MLS

Fully renovated and sitting on over 1/3 acre, this Cold Springs property offers the space, upgrades, and parking you've been looking for. Fresh front-yard landscaping and creates instant curb appeal and peace of mind, while the oversized lot provides plenty of room for RVs, trailers, boats, and all your toys. Conveniently located near schools with quick access to US-395, this home delivers the space and freedom that Northern Nevada living is all about. Inside, you'll find a brand-new kitchen featuring white oak cabinetry, quartz countertops, a designer tile backsplash, and stainless-steel appliances. Fresh LVP flooring, new carpet, updated bathrooms with stylish vanities, new tubs and showers, plus vinyl windows create a modern, move-in-ready feel throughout. A new ROOF, furnace and central A/C provide comfort year-round. Rare for the area, the home also includes an attached garage for added storage and convenience. Move in, park all the toys, and start enjoying everything this turnkey property has to offer.

17585 Fantail St, Reno

Courtesy of Lauren Jantz and Wedgewood Homes Realty. Contact:

$464,900

3 Beds ⋅ 3 Baths ⋅ 260012723 MLS

Beautiful 2 Story End unit overlooking greenbelt. Great location across the street from Virginia Lake! Brand New LVT flooring and carpet. New interior paint. Gorgeous Granite Kitchen that opens to the main living area. Lovely deck off the living area with views of the greenbelt. Spacious master suite with large walk in shower and dual sinks. Downstairs you'll find 2 additional bedrooms with a jack and Jill bath. Great layout! Enjoy the beautiful Northern Nevada climate with Virginia Lake just steps from your door!

2235 Grosvenor Park Pl, Reno

Courtesy of Sean Emo and Nevada Realty & Prop. Mgmt. Contact:

Start Your Search

© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed