$650,000 Active
1025 Locust Street
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,046 Sq Ft

About This Property

Adorable brick bungalow with double lot (large back yard) close to Midtown and updated with finished basement. Two bedrooms and one bath on main level and one bedroom and one bath downstairs. It's hard to find a lot this big with back yard space. It is zoned MF-14, so it would be possible to put another unit or split the lot, or just keep it as it is and enjoy having your own space in town to park your RV, build a large shop, or add another dwelling. It is across the street from the VA hospital,a short stroll to Wells District and Midtown. Updates include newer kitchen cabinets, granite counters, stainless appliances,new electrical,new roof,EV plug, all new plumbing and new dual paned vinyl framed windows. This cute brick home is a true blend of vintage charecter and modern comfort. Short term seller financing possible with large down payment.

Listed by Moira Shea — RE/MAX Professionals-Sparks

Listing Details

Status Active
MLS # 260005886
Price/Sq Ft $318

Property History

May 11, 2026
Listed for sale
$650,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,046
Lot Size 0.16 acres
Stories 1
Year Built 1942
Property Type Single Family Residence
Subdivision Burke'S Addition
APN 013-172-17
Parking
Garage Spaces 1
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear, Other
Construction Brick, Concrete
Roof Composition, Shingle
Foundation Brick/Mortar, Concrete Perimeter, Slab, Other
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $1,475
Schools
Elementary School Veterans
Middle School Vaughn
High School Wooster
📊

STR Investment Analysis

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

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% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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