$499,900 Active
1239 Patrick Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
1,000 Sq Ft

About This Property

Classic Old Southwest Reno Charm! Nestled in one of Reno's most sought-after neighborhoods, this delightful home offers timeless character, incredible potential, and an unbeatable location. Just steps from the charming streets of Nixon Avenue and Mark Twain Avenue, you'll enjoy the unique atmosphere that makes Old Southwest Reno so desirable. Originally built in 1914, this approximately 1,000 sq. ft. home is clean and a clean slate, ready for your personal vision. Inviting character of the peaceful neighborhood and solid bones, it's the perfect opportunity to restore, update, or create the jewel of the neighborhood you've always dreamed of. The home was thoughtfully improved approximately 27 years ago with permitted structural reinforcement, updated insulation, and reinforced flooring, providing a strong foundation for future enhancements. Step outside to a private, peaceful backyard featuring a covered patio, mature shade for relaxing summer afternoons, and endless possibilities for gardening, entertaining, or expanding your outdoor living space. Two high-quality, steel-reinforced locking storage sheds provide exceptional space for tools, hobbies, or equipment. The property also offers room to add at least a one and possibly a two car garage. Enjoy the convenience of being just minutes from Midtown, the Truckee River, local parks, boutique shopping, popular restaurants, and neighborhood coffee shops, while still enjoying the quiet charm of one of Reno's most established communities. A rare opportunity to create something truly special in an exceptional location.

Listed by Carl Jorgensen — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260008155
Price/Sq Ft $500

Property History

Jun 25, 2026
Listed for sale
$499,900
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,000
Lot Size 0.13 acres
Stories 1
Year Built 1914
Property Type Single Family Residence
Subdivision Arlington Heights Suburban Home Tracts
STR Jurisdiction Washoe County
APN 014-014-13
Parking
Total Parking 2
Parking Features RV Access/Parking
Exterior & Lot
Exterior Features None
Lot Features Level
Roof Composition, Pitched
Foundation Other
Utilities & Systems
Heating Forced Air, Oil
Cooling Central Air
Financial
Annual Tax $1,009
Schools
Elementary School Mt. Rose
Middle School Swope
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
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% ($99,980)
Home price
$499,900
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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