$485,000
Active Under Contract
138 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
·
1,168
Sq Ft
About This Property
Investors / Flippers welcome. 2 homes on one lot - Real Handyman Special- 138 Keystone Features 2 Bed 1 bath 1 car partially finished basement. The individual property at 134 Keystone Ave is a Residential home with 2 bedrooms and 1 bathroom, 1 car garage and is approximately 1190 sq ft upstairs and 1200 sq ft finished basement downstairs. electric panels have been upgraded to circuit breakers. Roofs replaced in 2018. Live in one house and make some income with the other. close to Truckee River mid town. great location. Buyers Agent and buyer to verify all information. Three slerried underground oil tanks. Sold together with neighing parcel 140-144 Keystone. $970,000 total.
Listed by Lin Lansdon — Real Estate of Reno Sparks
Listing Details
Status
Active Under Contract
MLS #
260006815
Price/Sq Ft
$415
Property History
May 29, 2026
Listed for sale
$485,000
Current
Pending
$485,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
1,168
Lot Size
0.14 acres
Stories
1
Year Built
1924
Property Type
Single Family Residence
Subdivision
Powning Addition
STR Jurisdiction
Washoe County
APN
011-015-15
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Alley Access, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Level
Construction
Brick Veneer, Concrete
Roof
Composition, Shingle
Foundation
Concrete Perimeter
Utilities & Systems
Heating
Forced Air, Natural Gas
Financial
Annual Tax
$1,337
Schools
Elementary School
Peavine
Middle School
Clayton
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% ($97,000)
Home price
$485,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
