This rare .86-acre parcel offers an exceptional opportunity in the heart of Reno's historic Old Southwest, with frontage along the Truckee River. Approximately half an acre is flat and buildable, while the balance terraces toward the river, creating the potential for a custom home that takes full advantage of both the urban setting and the natural beauty of the river corridor. Positioned between two iconic 1920s mansions, the property offers a unique combination of history, privacy, and proximity to downtown Reno. The sloping portion of the site could be thoughtfully terraced, with the potential for a landing or gathering area near the river's edge, creating a private retreat along the water. The property is fenced and enhanced by mature trees, adding character and a sense of seclusion. City utilities, including natural gas, electricity, and water, are readily available, providing an important advantage for future development of the site.