$479,900 Active
98 S Bailey Street
Fallon, NV 89406
STR Status Unknown
4 Beds
·
2.0 Baths
·
2,212 Sq Ft
Virtual Tour

About This Property

Charming city home located in Fallon, NV that is filled with timeless character and exceptional versatility! This spacious property offers 2,212 square feet of living space in the main home, featuring 4 bedrooms, 2 full bathrooms, and a functional two-story layout with a full basement, providing plenty of room for living, entertaining, storage, or hobbies. Stay comfortable year-round with radiant heat and a cozy wood-burning stove. The kitchen showcases beautiful cabinets and ample workspace for everyday living. Outside, the low-maintenance xeriscape landscaping makes upkeep effortless, while a detached 2-car garage and separate guest house add incredible value and flexibility for guests, extended family, or potential rental opportunities. This unique property combines charm, space, and practicality in a desirable city location. Any dimensions provided in the virtual tour are approximate. Buyers are advised to independently verify all measurements and dimensions.

Listed by Cari Norcutt — Berney Realty, LTD

Listing Details

Status Active
MLS # 260012175
Days on Market 2
Price/Sq Ft $217

Property History

Sep 21, 2026
Listed for sale
$479,900
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,212
Lot Size 0.35 acres
Stories 2
Year Built 1934
Property Type Single Family Residence
APN 001-381-04
Parking
Garage Spaces 2
Total Parking 2
Parking Features Detached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Stucco
Roof Composition
Foundation Other
Utilities & Systems
Heating Radiant
Financial
Annual Tax $2,339
Schools
Elementary School Fallon/Other
Middle School Churchill
High School Churchill
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($95,980)
Home price
$479,900
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message