$449,000 Active Under Contract
11492 Sitka Street
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,152 Sq Ft

About This Property

Opportunity Knocks in Lemmon Valley - Don't miss this 4-bedroom, 2-bath single-story home sitting on just over an acre of fully fenced land in the sought-after Lemmon Valley neighborhood of north Reno. With no HOA and room to roam, this property is a rare find for buyers looking for space, privacy, and potential. Fresh vinyl plank flooring runs throughout most of home giving it a clean, move-in-ready feel. The fully fenced lot provides security and flexibility, whether you're bringing horses, dogs, or all your outdoor toys. Dedicated RV parking means there's a place for everything, and mature trees offer natural shade and a sense of established character that takes decades to grow. At just over an acre, the possibilities are endless — add a shop, a garage, a garden, or simply enjoy the wide-open Nevada sky. Convenient access to Highway 395 puts all of Reno's amenities within easy reach. Sold as-is — priced to reflect the opportunity. Bring your vision and make it your own.

Listed by Fether Dugan — Real Broker LLC

Listing Details

Status Active Under Contract
MLS # 260004565
Days on Market 21
Price/Sq Ft $390

Property History

Apr 16, 2026
Listed for sale
$449,000
Current
Pending
$449,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,152
Lot Size 1.05 acres
Stories 1
Year Built 1973
Property Type Single Family Residence
Subdivision Streeter 1
APN 080-315-07
Parking
Garage Spaces 1
Total Parking 5
Parking Features Additional Parking, Attached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Unknown
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Propane
Cooling Evaporative Cooling
Financial
Annual Tax $1,474
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
📊

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% ($89,800)
Home price
$449,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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Or call directly: (530) 317-0373