$425,000 Active
128 Keystone Avenue
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
784 Sq Ft
Virtual Tour

About This Property

Located within Reno's Opportunity Zone, 128 Keystone offers incredible flexibility and potential. This charming 2-bedroom, 1-bath home also features a bonus office/utility room, making it ideal for a variety of uses. Zoned Mixed Use, the property provides the rare opportunity to operate a business, invest, or enjoy it as a single-family residence. Full of character, the home showcases classic brick siding, updated windows, custom window coverings, a built-in entertainment center, and abundant cabinetry throughout. An unfinished basement provides additional storage space, while the detached shed offers even more room for tools, equipment, or hobbies. With ample on-site parking and a highly versatile zoning designation, this property combines affordability, functionality, and future potential in a convenient Reno location.

Listed by Tammie Cox — Chase International-Damonte

Listing Details

Status Active
MLS # 260007491
Days on Market 1
Price/Sq Ft $542

Property History

Jun 11, 2026
Listed for sale
$425,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 784
Lot Size 0.16 acres
Stories 1
Year Built 1924
Property Type Single Family Residence
Subdivision Powning Addition
STR Jurisdiction Washoe County
APN 011-012-14
Parking
Total Parking 10
Parking Features Additional Parking, Alley Access, Parking Pad, RV Access/Parking
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Brick
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space, Full Perimeter, Pillar/Post/Pier
Utilities & Systems
Heating Forced Air, Oil
Cooling Wall/Window Unit(s)
Financial
Annual Tax $685
Schools
Elementary School Hunter Lake
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% ($85,000)
Home price
$425,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR
530.613.5207

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