89502 Homes under $500,000

Welcome to the vibrant and diverse community of Reno, Nevada, where the charm of the high desert meets the excitement of a bustling city! Nestled in the heart of Washoe County, the 89502 zip code is a hidden gem that offers a perfect blend of affordability and accessibility. This area is not only known for its stunning natural beauty, with the Sierra Nevada mountains as a backdrop, but it also boasts a lively urban atmosphere filled with cultural attractions, outdoor activities, and a welcoming community spirit.

For those seeking a home under $500,000, the 89502 zip code presents an array of options that cater to various lifestyles. From cozy single-family homes to modern townhouses, there’s something for everyone in this price range. Families will appreciate the proximity to excellent schools and parks, while young professionals can take advantage of the vibrant downtown scene, complete with restaurants, shops, and entertainment venues.

Nature enthusiasts will find themselves in paradise, with numerous hiking and biking trails just minutes away, as well as the beautiful Lake Tahoe within a short drive. The area’s favorable climate allows for year-round outdoor adventures, making it easy to embrace the Nevada lifestyle.

Whether you’re a first-time homebuyer or looking to downsize, the 89502 zip code offers an inviting community with homes that fit your budget. Discover the charm of Reno and find your perfect home in this thriving neighborhood today!

Newest 89502 Homes under $500,000

$475,000

3 Beds ⋅ 3 Baths ⋅ 260012886 MLS

A fresh start in the Mira Loma neighborhood. This 3-bedroom, 2.5-bath home has recently been updated with new LVP flooring in the main living areas, new carpet, fresh interior paint, and a new stove, giving the home a clean, updated feel that is ready for its next owner. The two-story floor plan offers comfortable living space with all three bedrooms upstairs and a convenient half bath on the main level. An attached two-car garage provides parking and extra storage. With many of the basic updates already completed, this home offers a great option for a first-time buyer looking to get into homeownership without taking on a long list of immediate projects. It could also make sense for an investor looking for a property that is ready to rent without a major renovation. Located in the established Mira Loma neighborhood with convenient access to shopping, schools, parks, and everyday services. A straightforward, move-in-ready home at a price that makes it worth a look.

4045 Weeping Willow Ct, Reno

Courtesy of Kathryn Courtney and LPT Realty, LLC. Contact:

$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:

$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:

$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:

$249,000

2 Beds ⋅ 2 Baths ⋅ 260012686 MLS

Beautiful end unit, 10 steps away from the pool. close to stores, shopping and more. New: kitchen cabinets, stove, microwave, dishwasher, counter tops, refrigerator, luxury vinyl, carpet, and so much more. Call for more details about owner financing. Parking Space #37

861 Nutmeg Pl Unit 1, Reno

Courtesy of Nancy Wagner and Ferrari-Lund Real Estate Reno. Contact:

$284,900

2 Beds ⋅ 2 Baths ⋅ 260012673 MLS

Welcome to Donner Creek Village! This clean, move-in-ready second-floor condo offers 2 bedrooms, 2 full bathrooms and 854 square feet in a mature, park-like community. The interior has been freshly painted and features brand-new carpet in both bedrooms, LVP flooring through the main living areas and a cozy wood-burning fireplace. The kitchen offers stainless steel appliances, a tile backsplash and breakfast bar, while the included washer and dryer make everyday living easy. Step outside to the private covered balcony with additional storage and views into the community. Donner Creek Village offers an impressive amenity package with swimming pools, tennis and pickleball courts, a clubhouse, mature landscaping, greenbelts, walking paths, and peaceful pond and water features throughout the community. HOA dues include water, trash and internet. Conveniently located with easy access to shopping, dining, Reno-Tahoe International Airport and major roadways. A great opportunity for low-maintenance living in an established Reno community.

5015 Reggie Rd, Reno

Courtesy of Mike Currie and Jenuane Communities. Contact:

$235,000

2 Beds ⋅ 1 Baths ⋅ 260012564 MLS

Fresh, stylish, and ready to welcome you home—4940 Catalina Drive #4 in Reno is packed with updates you'll love! Fresh paint from walls to ceilings, new high baseboard trim, and LVP flooring throughout create a bright, polished backdrop for your personal style. Maple wood kitchen cabinets pair beautifully with newer stainless steel appliances and a brand-new French-door refrigerator/freezer. Enjoy a remodeled bathroom, new water heater, all-new interior doors with brushed nickel handles, new white faux wood blinds, newer ceiling fans, and new light fixtures. In-unit heating and cooling, your own washer and dryer, and three roomy storage closets make this home as practical as it is inviting! Morning coffee in the sunshine? Your spacious balcony is calling! Garage parking for one car plus driveway parking as well, plus a locked garage storage locker, and the front door offers an extra white steel security door. Step out and explore—stores, restaurants, Trader Joe's, and more are less than a five-minute walk away! Smithridge Elementary, Pine Middle School, and a beautiful park with room for dog walks and playtime are also a short stroll away. You'll find riding the bus easy too, with regular bus services nearby! Well maintained, beautifully updated, and move-in ready, this condo is priced to sell fast. Come take a look—you might just feel right at home!

4940 Catalina Dr Unit APT 4, Reno

Courtesy of Nash Connolly Group and RE/MAX Professionals-Sparks. Contact:

$460,000

2 Beds ⋅ 2 Baths ⋅ 260012526 MLS

Centrally located with an oversized lot.

4495 Perro Ln, Reno

Courtesy of Michael Zeno and RE/MAX Professionals-Reno. Contact:

$425,000

3 Beds ⋅ 1 Baths ⋅ 260012408 MLS

Adorable and move-in ready! This charming 3-bedroom, 1-bath Reno home offers approximately 950 square feet with beautiful hardwood floors throughout. One of the highlights is the fabulous fully fenced backyard with plenty of lawn, room for gardens, and a covered patio perfect for outdoor dining, entertaining, pets, or simply relaxing. A one-car garage provides additional parking and storage, and the washer, dryer, and refrigerator are all included. A pre-listing inspection has already been completed, and a brand-new electrical panel will be installed, giving the next owner added peace of mind. Tucked away on a quiet street yet conveniently located near shopping, dining, and everyday amenities. A wonderful opportunity for a first-time buyer, downsizer, or anyone looking for a charming, easy-to-maintain home with exceptional outdoor space. Homes this cute don't come along often—come see it for yourself and make 1611 Stewart Street your new home!

1611 Stewart St, Reno

Courtesy of Devin Scruggs and Dickson Realty - Caughlin. Contact:

$215,900

1 Beds ⋅ 1 Baths ⋅ 260012342 MLS

Adorable 1 bedroom, 1 bathroom condo living in the Village at Donner Creek. A rare ground floor unit that backs right up to the pond giving you a feeling of being one with nature while you enjoy the ducks and geese. That beautiful view was made for quiet winter days and warm summer nights. Washer and dryer are less than two years old and lvp throughout the living room, dining room, and bedroom. Set your appointment today, this home won't last long!

4573 Reggie Rd, Reno

Courtesy of John Arnold and Dickson Realty - Damonte Ranch. Contact:

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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.

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