Reno  »  89503  »  Downtown Reno

625 University Terrace, Reno, NV 89503

Downtown Reno, Washoe
Building in Downtown Reno
2 Stories
Built in 1973
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Welcome to 625 University Terrace, a building located in Downtown Reno, Washoe in Reno, NV. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1973. There are a total of 2 floors. Finally, 625 University Terrace was most recently sold on Jun 1, 1999 for $315,000. The market value for the land that the building sits on has been listed at $147,500. In addition, improvements upon the building have an added value of $98,648. In total, the total market value of the property as a whole is $246,148. According to local assessors, the total value of the building is currently valued at $119,923. Specifically, the value of the land that the property sits on has been assessed at $77,000. The building was last assessed in 2024.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
1973
Effective Year Built
1973
Building Count
1
Bedroom Count
12
Bathroom Count
6
Full Bathrooms
6
Partial Bathrooms
6
Bathroom Plumbing Fixtures
30
Building Condition
unknown
Building Quality
E
Construction Type
Wood
Building Style
Multifamily
Exterior Walls Type
Brick veneer
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
Built-up
Floor Count
2
Living Units
6
Business/Commerical Units Count
6
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
Carport
Garage Square Area
264
Parking Space Count
1
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
WESTERN ADDITION
Land Acres
0.393
Standard Land Use Code
Multi-family dwellings (generic, 2+)
County Land Use Code
unknown
State Land Use Code
unknown
Legal Description 1
WESTERN ADD FRAC LOT 2 & 3 BLK 17
Ownership
Current Owner
LIOU LONG
Current Owner's Name
LIOU FAMILY TRUST
Current Owner 2
ZHENG JIN FENG
Current Owner 2's Name
LIOU TRUSTEE LONG S
Previous Owner
WARNER BETTY E
Owner Address - City
RENO
Owner Address - State
NV
Owner Address - ZIP Code
89511
Second Owner Is a Corporation
Yes
Ownership Rights Codes
Family Trust
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Washoe County School District
Census Tract
001400
Census Block Code
1011
Census Group
1
Census Year
2020
Census - Combined Statistical Area - Area Code
456
Census - Combined Statistical Area - Area Name
Reno-Carson City-Fernley, NV
Census - County FIPS
32031
Census - Full FIPS
320310014001011
Census - Metro Micro Statistical Area - Area Code
39900
Census - Metro Micro Statistical Area - Area Name
Reno, NV
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3260600
Census Source
US Census Bureau
Census State FIPS
32
Census Tract Code
001400
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3200480
School District - Unified - Name
Washoe County School District
Zoning
Zoning
MF14
Geography
Assessors Map Reference
007-49
Parcel
007-491-19
Block
17
Lot
3
Lot Code
unknown
Municipality
CITY OF RENO
Latitude
39.5339
Longitude
-119.824
FIPS
32031
Mailing Carrier Code
C070
Mailing Full Street Address
6052 TORRINGTON DR
Mailing House Number
6052
Mailing Street Mode
DR
Mailing Street
TORRINGTON
Mailing 4-Digit Zip Code
8518
Old APN
212618
Geo Status Code
unknown
Valuation
Timestamp
2024-03-11 20:58:45
UCID Flag
C
More About The Building
In total, the building area is listed as 4,816 square feet. The building itself has 4,816 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 625 University Terrace is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Downtown Reno area have a median price of $1,595. Those in the 25th percentile, have a price around $1,448. While those in the 75th percentile, have a price around $1,673. Typically, the buildings in this area have a median sqft of 640. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There is currently one advertised studio listing.
  • There are currently a total of 2 one bedroom listings. The median price for these types of listings is $1,525. That's $2.31 price per sqft.

  • There are currently no two bedroom listings being advertised in the area.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
625 University Terrace is located in Washoe County, Nevada. There are 439,914 people living here. There are 169,015 households. Most of these households have an average family size of 3.19 people. According to the census, 43% are currently renting while 57% own their homes. The median age of this population is around 37.9 years old. On average, most folks in the county are unmarried. About 23% of folks speak a language other than English in this area. The area's employment rate is currently around 60.3%. Speaking of employment, the median income is $54,955. Most folks will commute by car for around 21.4 minutes. Finally, we know that 24% of residents in the area have graduated with their high school degree. Additionally, 18% and 11% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Reno, NV - CA Urban Area has a population of 410,408 people. Based on census records, there are 157,099 registered households. Families in this area are on average made up of 3.22 people per household. Most folks are unmarried. They are also typically around 37.1 years old. Does diversity matter to you? Right now, 24% of folks speak a language other than English here. About 45% rent while 55% purchased their homes. Right now, the community is made up of 24% of residents who have graduated with at least a high school degree. On top of that, 18% have a Bachelor's degree and 10% have a Master's degree. The employment rate is currently around 60.8%. Those employed, have a median income of $53,484. If you move here, you can expect to commute mostly by car for around 21.1 minutes.

-
Studio Median Rent
$1,525
1BR Median Rent
-
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
4
W 7th Street and Washington Street (690 ft - 3 min walk)
RTC RIDE
4
W 7th Street and Washington Street (710 ft - 3 min walk)
RTC RIDE
4
Washington Street and W 7th Street (990 ft - 4 min walk)
RTC RIDE
4
Washington Street and W 6th Street (1020 ft - 4 min walk)
RTC RIDE
4
W 7th Street and Canal Street (0.26 mi - 6 min walk)
RTC RIDE

Nearby Schools

(within attendance boundary)
Peavine Elementary School  •  0.67 mi
1601 Grandview Avenue, Reno, NV 89503
Public  •  Elementary  •  Grades PK to 5
Washoe County School District
1295 Wyoming Avenue, Reno, NV 89503
Public  •  Middle School  •  Grades 6 to 8
Washoe County School District
Reno High School  •  1.15 mi
395 Booth Street, Reno, NV 89509
Public  •  High School  •  Grades 9 to 12
Washoe County School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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