$250,000
Active
1235 W Newlands Drive
Fernley, NV 89408
STR Status Unknown
2
Beds
·
1.0
Baths
·
900
Sq Ft
About This Property
The adjoining property 1241 W. Newlands is also for sale. There is the option to purchase these two properties together. ***1235 W. NEWLANDS IS TENANT OCCUPIED, LEASE IS MONTH TO MONTH. MINIMUM 48 HRS NOTICE REQUIRED TO SHOW.*** This property is conveniently located off of HWY 80 with only a 20 min commute to TRIC. It is close to shopping, dining, and Renown Urgent Care. There is a private backyard ready for landscaping and a spacious patio to sit out front.
Listed by Rachael Eberle — Ferrari-Lund Real Estate Reno
Listing Details
Status
Active
MLS #
260006255
Days on Market
1
Price/Sq Ft
$278
Property History
May 18, 2026
Listed for sale
$250,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
900
Lot Size
0.11 acres
Stories
1
Year Built
1982
Property Type
Single Family Residence
Subdivision
Sandia Ph 3A
APN
020-331-03
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Additional Parking, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Sprinklers In Front, Sprinklers In Rear
View
Mountain(s), Trees/Woods
Roof
Shingle
Foundation
Slab
Utilities & Systems
Heating
Natural Gas, Wall Furnace
Cooling
Evaporative Cooling, Wall/Window Unit(s)
Financial
Annual Tax
$1,184
Schools
Elementary School
Cottonwood
Middle School
Fernley
High School
Fernley
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($50,000)
Home price
$250,000
Loan details
30-yr fixed, 6.5%
