$799,000 Active
1114 The Strand
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
2,388 Sq Ft

About This Property

There is a rare kind of magic in a home that has watched a city grow for nearly a century. Built in 1939, this timeless brick Tudor stands as a beautiful anchor to Reno's past, completely reimagined for modern living. Located just blocks from the University of Nevada, Reno, and a five minute drive from downtown, it offers a lifestyle rooted in convenience and historic neighborhood charm. Inside, original hardwood floors guide you under classic arched doorways and into a sun drenched living room centered around a wood burning fireplace. French doors open into a large bonus room, an ideal space for a home office or quiet reading lounge. The main floor transitions effortlessly from the dining area into a fully remodeled kitchen, with floor to ceiling cabinetry, quartz countertops and stainless steel appliances. The versatility of the property unfolds downstairs in the finished walk out basement. Designed with independent Next-Gen capabilities, this lower level functions as a private guest suite or multi-generational living quarters, complete with a stylized butcher-block kitchenette, secondary living space, wide plank flooring, and a laundry room. Outside, the expansive deck overlooks a lush green lawn and a mature shade trees. Whether you are hosting a summer dinner as the twilight sky settles over Reno or walking up to campus for an afternoon event, this historic home offers a unique piece of Reno heritage with every modern comfort already taken care of.

Listed by Kaila Bailey — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260007556
Price/Sq Ft $335

Property History

Jun 12, 2026
Listed for sale
$799,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,388
Lot Size 0.14 acres
Stories 2
Year Built 1939
Property Type Single Family Residence
Subdivision University Terrace
STR Jurisdiction Washoe County
APN 007-115-14
Parking
Total Parking 2
Parking Features Parking Pad, None
Exterior & Lot
Exterior Features Awning(s), Rain Gutters
Lot Features Gentle Sloping, Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Peek, Valley
Construction Brick
Roof Asphalt, Pitched, Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Financial
Annual Tax $1,632
Schools
Elementary School Peavine
Middle School Clayton
High School Reno
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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
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% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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