$639,000 Active
1145 The Strand
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,872 Sq Ft

About This Property

Investor ALERT - tenant wishes to stay in the property, offering an immediate opportunity for immediate rental income.Welcome home to this beautifully updated brick home located near the University of Nevada, Reno in the heart of Reno! . Remodeled in 2016, this charming home blends classic character with modern upgrades throughout. Features include newer flooring, updated electrical and plumbing, newer windows, a tankless water heater, updated cabinetry, a fireplace insert, and stainless steel appliances. The remodeled basement now features an additional bedroom and bathroom, creating extra living space and flexibility.The kitchen and bathrooms showcase granite countertops; the kitchen also offers under-cabinet lighting and ample functionality. Downstairs features durable tile flooring. Architectural details such as curved arches add timeless charm throughout the home. Outside, enjoy mature landscaping and a covered paver patio perfect for entertaining or relaxing. Conveniently located near UNR, shopping, dining, and all that Reno has to offer.

Listed by Felisa Cusimano-Martin — Dickson Realty - Sparks

Listing Details

Status Active
MLS # 260005882
Days on Market 1
Price/Sq Ft $341

Property History

May 14, 2026
Listed for sale
$639,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,872
Lot Size 0.13 acres
Stories 1
Year Built 1936
Property Type Single Family Residence
Subdivision University Terrace
APN 007-112-06
Parking
Garage Spaces 1
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Sprinklers In Front, Sprinklers In Rear
Construction Brick
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Cooling Wall/Window Unit(s)
Financial
Annual Tax $1,078
Schools
Elementary School Elmcrest
Middle School Clayton
High School Reno
📊

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% ($127,800)
Home price
$639,000
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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