$419,000 Active

505-507 Wildes Wildes Street

Fallon, NV 89406

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STR Status Unknown

5 Beds

Our data on this home

Home insurance $900 – $1,300/yr Standard homeowners policy

About This Property

Maximize your real estate portfolio with this rare 5-bedroom, 2-bathroom duplex located just minutes from the Fallon Navel Air Station. This property features spacious living areas and covered patios for outdoor relaxation, and a dedicated garage space/carport that adds value for residents. Whether you choose to live in one unit and rent the other, or manage it as a fully passive income generator, the unbeatable proximity to the base and the center of town ensures a steady stream of qualified occupants.

Listed by Mike Medeiros — Seven Keys Realty

Listing Details

Status Active

MLS # 260008921

Days on Market 102

Property History

Jul 12, 2026

Listed for sale

$419,000

Property Overview

Beds 5

Lot Size 0.34 acres

Stories 1

Year Built 1985

Property Type Duplex

APN 001-653-17

Parking

Parking Features Attached, Carport, Garage, Parking Pad, Tandem

Attached Garage Yes

Exterior & Lot

Exterior Features None

Lot Features Cul-De-Sac, Level

Construction Frame, Wood Siding

Roof Metal

Foundation Crawl Space

Pool & Spa

Pool No

Utilities & Systems

Heating Forced Air, Natural Gas

Cooling Evaporative Cooling

Financial

Annual Tax $1,739

Schools

Elementary School E.C. Best

Middle School Churchill

High School Churchill

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Home Insurance Estimate

Standard homeowners policy for this home

$900 – $1,300/yr

about $92/mo

Est. Rebuild Cost (Coverage A)

$251,400

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$2,356 per month

Principal & interest

$2,119/mo

Property taxes

$145/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$0/mo

From MLS listing data.

Home insurance

$92/mo

Estimated ~$900–$1,300/yr — get a local broker quote for accuracy.

Down payment

20% ($83,800)

Home price

$419,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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