Fifteen51 is a 100-unit, 325-bed, core plus, purpose-built student housing community pedestrian to the University of Nevada, Reno in Reno, NV, where enrollment has grown by 14.4 percent over the past decade to over 22,800 students in Fall 2024.
Completed in 2017, the property offers studio, two-, three-, four-, and five-bedroom units with contemporary finishes, in-unit washers and dryers, high-speed Wi-Fi and large common areas perfect for shared living.
Located across the street from campus, Fifteen51 combines an unbeatable pedestrian location, strong operating performance, and long-term value-add upside in one of the fastest-growing Tier-1 research university markets in the Mountain West.
Fifteen51 presents a compelling investment for a new owner with meaningful upside through continued operational optimization and strategic, competitive, “light” value-add upgrades to units and community amenity areas.