Tier01
Cosmetic Refresh
Smallest discount
Typical Areas: Dated but livable homes — paint, flooring, fixtures
Specs: Move-in possible during work; conventional or 203(k) Limited
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Reno Fixer-Upper Homes for Sale
Live MLS listings · Updated July 1, 2026
By Chris Nevada · Nevada Real Estate Group · 16+ years in Nevada real estate · License S.181401 · Veteran-owned (16-year U.S. Navy) · RealTrends Verified #1 in Nevada
Last reviewed: by Chris Nevada
Reno currently has active fixer-upper homes for sale. Reno has real fixer-upper character because of its age — the early-1900s-to-mid-century homes of Old Southwest, Midtown, the University district, and older east Reno offer renovation upside you cannot find in the newer south-Reno master plans. You trade dated condition for character and location in a tech-driven, no-income-tax market. An FHA 203(k) or Fannie Mae HomeStyle loan rolls the purchase and the repairs into one mortgage.
Reno fixers in the desirable older districts move fast — set a daily alert below and line up renovation financing so you can write a strong, ready offer.
What Should Reno Home Buyers Know First?
- Fixers concentrate in Reno's older districts — Old Southwest, Midtown, the University area, and east Reno — not the newer Damonte Ranch or Somersett builds.
- According to the U.S. Department of Housing and Urban Development, an FHA 203(k) loan finances purchase + renovation in one mortgage with as little as 3.5% down.
- Older Reno homes carry genuine character (craftsman, mid-century) that renovates into strong resale value.
- Inspect for older systems — knob-and-tube or galvanized plumbing, dated electrical, and heating — common in pre-1960 Reno homes.
No active listings match this search right now. Call (775) 277-2120 and we'll set up an instant alert the moment one hits the market.
What Types of Reno Fixer-Uppers Are Available?
Tier02
Moderate Rehab
Mid discount
Typical Areas: Kitchen/bath updates, HVAC, roof, windows
Specs: FHA 203(k) or HomeStyle territory; 2–4 month timeline
View →Tier03
Full Gut / Historic
Largest discount
Typical Areas: Major systems, layout changes, older character homes
Specs: Standard 203(k), HomeStyle, hard money, or cash; investor favorite
View →Renovation scope drives fixer pricing more than size. The live count and listings above update directly from the NNRMLS feed.
Why Buy Fixer-Upper Homes for Sale in Reno?
- Reno's older districts offer character-home fixers — craftsman and mid-century stock near downtown, the Truckee River, and the University — that simply do not exist in newer suburbs.
- Renovation loans (FHA 203(k), Fannie Mae HomeStyle) roll purchase and repair costs into a single mortgage, so no separate rehab cash is required.
- Nevada has no state income tax and Washoe County property taxes rank among the lowest in the West, improving the after-renovation hold or flip math.
- A growing tech-employer base (Tesla, Panasonic, Switch, Apple) and University demand support rental income and resale on renovated homes.
How Do You Finance a Reno Fixer-Upper?
Four common paths to fund a fixer purchase plus its renovation. The right one depends on your down payment, scope of work, and whether you will live in the home.
| Option | Down payment | Best for | Key limit |
|---|---|---|---|
| FHA 203(k) | From 3.5% | Owner-occupants, structural + cosmetic work | FHA loan limits; primary residence only |
| Fannie Mae HomeStyle | From 5% | Owner-occupants or investors, broad scope | Conventional credit standards |
| Hard money | 10%–30% | Investors flipping quickly | Short term, higher rate |
| Cash | N/A | Fastest close, strongest offer | Ties up capital until refinance/sale |
Program details per HUD and Fannie Mae, 2026; confirm current terms with your lender.
How Do You Reach a Local Reno Specialist?
Call (775) 277-2120 or email info@nevadagroup.com. Nevada Real Estate Group · 1755 E Plumb Ln #241, Reno, NV 89502 · Nevada license S.181401.
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Reno FAQ — 5 Answers
What Do Reno Buyers Most Frequently Ask?
Most AskedHow many fixer-upper homes are for sale in Reno right now?
Live fixer-upper inventory is shown above, pulled from the NNRMLS feed by matching listing remarks for fixer, handyman, and as-is language. Counts shift week to week, with the older districts turning over the most candidates. Set a saved search and we will alert you when a qualifying home lists.
Where are the best Reno neighborhoods for fixer-uppers?
Reno's renovation opportunities concentrate in the older, character-rich districts: Old Southwest (early-1900s craftsman and Tudor homes), Midtown, the University of Nevada area, and older east Reno. Newer south-Reno master plans like Damonte Ranch, along with Somersett and ArrowCreek, are recent construction with few true fixers.
Can I use an FHA 203(k) loan in Reno?
Yes. Per HUD, an FHA 203(k) lets owner-occupant buyers finance the purchase and renovation in one mortgage with as little as 3.5% down. It is well suited to Reno's older housing stock — a Limited 203(k) covers up to $35,000 in work, while the Standard 203(k) handles structural projects. We can introduce 203(k)-experienced Reno lenders.
How much does it cost to renovate a fixer in Reno?
A cosmetic refresh often runs $20,000–$45,000; a moderate rehab with kitchen, baths, HVAC, and roof typically lands $55,000–$130,000; a full gut of an older character home can exceed $160,000. Pre-1960 Reno homes may need electrical, plumbing, and heating updates — budget those after a thorough inspection.
Are Reno fixer-uppers a good investment?
They can be strong, especially character homes near downtown, the river, and the University where renovated stock commands a premium and rents well. Nevada's zero income tax and low Washoe County property taxes improve returns. The risk is older-system surprises, so a detailed inspection and realistic budget are essential before you commit.
Updated July 1, 2026
How Do You Get New Fixer-Upper Homes for Sale Emailed Daily?
Set your alert in 30 seconds and we'll send matching Reno listings the moment they hit the MLS — or call (775) 277-2120 to talk with a local specialist.
Or call (775) 277-2120 to talk with a local Reno specialist.