$995,000
Active
1220 Wright Street
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4
Beds
·
About This Property
Fantastic investment opportunity in Old-Southwest located near Midtown! Property features a house and duplex (3 total units) on one parcel. The duplex is located on a beautiful tree-lined street while the house is located off the alley offering excellant privacy. House (2 bed/1 bath/2 car) features an updated kitchen and bath, fully landscaped yard, and a well sized 2-car garage with plenty of storage. Duplex units are each 1-bed 1-bath and are furnished. All units are rented allowing an easy transition to gain cash-flow immediately. Inquire today!
Listed by Vincent Rossi — Ferrari-Lund R.E. Sparks
Listing Details
Status
Active
MLS #
260010396
Property History
Aug 12, 2026
Listed for sale
$995,000
Property Overview
Beds
4
Lot Size
0.16 acres
Stories
1
Year Built
1956
Property Type
Triplex
STR Jurisdiction
Washoe County
APN
014-045-16
Parking
Total Parking
3
Parking Features
Alley Access, Varies by Unit
Exterior & Lot
Exterior Features
None
Lot Features
Level, Sprinklers In Front, Sprinklers In Rear
Construction
Brick Veneer, Frame
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Pool & Spa
Pool
No
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Central Air
Financial
Annual Tax
$2,517
Schools
Elementary School
Mt. Rose
Middle School
Swope
High School
Reno
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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
