$750,000
Active
1035 N Sierra Street
Reno, NV 89503
STR Status Unknown
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About This Property
An opportunity waiting for the right developer. Open to multiple units, so far the research says 28. Plans for a new building have been started, lots of engineering done. Soils, Phase 1environmental, seismic study, area plan overlay, etc. Let's sit down and talk about it. University is across the street, housing desperately needed for students. Existing building is a teardown, maybe, and sold at no value. Water rights represented as 12 "hookup" rights, could be negotiated with water budget engineering to increase. Lots to talk about here.
Listed by Tim Lambdin — NextHome Yourpickettfence Group
Listing Details
Status
Active
MLS #
260012479
Days on Market
6
Property History
Sep 28, 2026
Listed for sale
$750,000
Property Overview
Lot Size
0.18 acres
Property Type
Land
Subdivision
University Addition
APN
007-153-17
Exterior & Lot
View
City, Mountain(s), Valley
Financial
Annual Tax
$888
Schools
Elementary School
Elmcrest
Middle School
Clayton
High School
Reno
STR Investment Analysis
STR analysis
STRUCTURAL SCORE
—
—
PROJECTED GROSS ANNUAL REVENUE
—
~— per month
Avg Nightly
—
Occupancy
—
Cap Rate
—
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
$3,866 per month
Principal & interest
$3,792/mo
Property taxes
$74/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
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($150,000)
Home price
$750,000
Loan details
30-yr fixed, 6.5%
