Midtown

Midtown runs south of downtown along the Virginia Street corridor, where early-1900s bungalows and small cottages sit beside newer townhomes and condos, and the restaurant and shop blocks are the front yard. Square footage trends smaller, lots trend city-sized, and walkability does real work in daily life.

Financing turns on property type here. Bungalows underwrite like any older home, with vintage systems as normal inspection talk. Condos and some townhomes need the project itself reviewed for warrantability before the unit matters, and Art pulls that file first. Strong rental demand also makes Midtown a steady fit for DSCR investor loans that qualify on the property’s cash flow.

Investors and owner-occupants read the same block differently, and both are right: the corridor’s zoning mix allows small multi-unit properties on some streets, which is where conversations about house-hacking a duplex or holding a rental begin. Washoe County parcel records here are old enough that a careful title read is standard practice, not a red flag.

Per 2026 local market guides, Midtown medians sit near the mid 400,000s, with condos opening in the 300,000s and updated bungalows pressing higher. Ranges move block by block, so ask Art for a current snapshot before you offer.

Midtown is a comeback story. For decades this stretch of South Virginia Street was the old highway into town · motels, neon, and fading storefronts · until independent restaurants, bars, and shops began rebuilding it block by block around 2010 into Reno’s arts-and-dining district. The housing followed the same arc: brick bungalows and mid-century ranches now share streets with new infill condos and townhomes. That mix is why condo eligibility and renovation questions come up here more than anywhere else in the city.