Discover the "Little Blue House," one of Midtown's most admired adaptive rehabilitations-now offering exceptional multifamily and investment potential. This beautifully updated 2-bed, 1-bath home sits on an oversized, fully landscaped lot in the heart of Midtown, just steps from shopping, dining, and all the energy the district has to offer. Blending modern upgrades with classic charm, the home features restored hardwood floors, a fully renovated kitchen with top-tier appliances and granite countertops, and tasteful finishes throughout. There is also a finished basement adding an additional 180 sq ft. The expansive outdoor living spaces elevate the property even further: a full wrap-around, accent-lit deck, secluded hot tub with privacy awning, fire pit, BBQ area, artificial turf, and curated plantings designed to frame the unobstructed views of Mt. Rose. For investors, the real value lies in the development potential. This large Midtown lot, paired with the MF-30 zoning and WANP Zoning Overlay, opens the door to a variety of multifamily or mixed-use possibilities-from additional units to professional office space or small commercial uses (subject to city approval). The existing home is turnkey and income-ready, offering immediate rental opportunities while planning future development. A rare Midtown offering that combines charm, cash flow, and long-term redevelopment potential-all in one of Reno's most sought-after neighborhoods. Currently operating as a successful short term rental. Don't miss out on this rare opportunity!