$510,000 Active
11890 Chesapeake Drive
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,830 Sq Ft

About This Property

A 2nd home right in the back yard! This spacious North Valleys property is brimming with opportunity. Situated on a generous 1.05 acre lot, this home offers room to spread out and endless possibilities for customization or investment. In addition to the main residence, the property includes a two-story outbuilding—each level is approximately 1,150 square feet—ideal for conversion into a rental unit, workshop, home office, or creative studio. That's 2,300 extra square foot for whatever your imagination comes up with. This is a rare chance to add value and versatility to an already spacious property. Enjoy wide-open views, plenty of parking...including plenty of room for RV parking with a large gate that opens to the back yard. Outdoor recreation is nearby along with schools and shopping while maintaining a peaceful, country-like setting just minutes from city conveniences. Whether you're looking for an income-producing investment or space to make your own, this home delivers exceptional potential in one of Reno's fastest-growing areas.

Listed by David Johnson — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250056813
Days on Market 211
Price/Sq Ft $279

Property History

Oct 09, 2025
Listed for sale
$510,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,830
Lot Size 1.05 acres
Stories 1
Year Built 1978
Property Type Single Family Residence
Subdivision Heppner 3
APN 080-322-09
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Corner Lot, Level
View Desert, Mountain(s), Trees/Woods
Roof Metal
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Pellet Stove, Propane
Cooling Electric
Financial
Annual Tax $1,831
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($102,000)
Home price
$510,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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