$630,000 Active
1207 Lander Street
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.5 Baths
·
1,158 Sq Ft
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About This Property

In the heart of Midtown, this charming 1932 home in the desirable Arlington Heights neighborhood offers the perfect blend of timeless character and exceptional opportunity. With 2 bedrooms, 1.5 baths, and a welcoming warmth that's difficult to replicate, this home reflects the craftsmanship and charm of its era while offering the flexibility today's buyers are looking for. Set on a spacious 0.16-acre lot with alley access and MF-30 zoning, the property presents exciting possibilities for expansion. Move right into the well-maintained home while exploring the potential to add ADUs, create additional income-producing units, or potentially split the lot (buyer to verify with the City of Reno). The unfinished basement provides approximately 340 square feet of additional space, ideal for storage, a workshop, or future improvements. Beyond the property itself, the location is what truly sets it apart. Arlington Heights is one of Reno's most beloved historic neighborhoods, where tree-lined streets are filled with an eclectic mix of architectural styles, mature landscaping, and homes that each tell their own story. Enjoy being just a short stroll from Wingfield Park, the Truckee River, Midtown's vibrant restaurants and coffee shops, local boutiques, and year-round community events. Whether you're searching for a place to call home or an investment with tremendous upside, this rare property offers both character and potential in one of Reno's most sought-after neighborhoods. The garage will be removed prior to close of escrow.

Listed by Sandra Gabrielli — RE/MAX Professionals-Sparks

Listing Details

Status Active
MLS # 260009639
Price/Sq Ft $544

Property History

Jul 27, 2026
Listed for sale
$630,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,158
Lot Size 0.16 acres
Stories 1
Year Built 1932
Property Type Single Family Residence
Subdivision Arlington Heights
STR Jurisdiction Washoe County
APN 014-045-03
Parking
Total Parking 2
Parking Features Additional Parking, Alley Access, Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
Construction Brick, Stone, Stucco
Roof Flat, Tar/Gravel
Foundation Stone
Utilities & Systems
Heating Fireplace(s), Oil
Financial
Annual Tax $1,132
Schools
Elementary School Mt. Rose
Middle School Swope
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% ($126,000)
Home price
$630,000
Loan details
30-yr fixed, 6.5%
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