$485,000 Active Under Contract
144 Keystone Avenue
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,872 Sq Ft

About This Property

Investors or Flippers welcome. 2 homes on one lot - Real Handyman Special- 144 Keystone Features 3 Bed 2 bath 1768 Sq ft upstairs and a 1664 sq ft finished basement with a man-door for access. The individual property at 140 Keystone Ave is a residential home with 2 bedrooms and 1 bathroom, 2 car garage and is approximately 1,168 square feet upstairs and 1,400 sq ft partially finished basement downstairs with half bath, workroom and new hot water heater and furnace installed 2023. man-door is available to access in alley. Both units have had furnace and water heaters replaced. electric panels have been upgraded to circuit breakers. Roofs replaced in 2018. These properties have great bone. close to Truckee River and downtown activities. Buyers and buyer's agent to verify all information. 3 slerried underground oil tanks. Property to be sold together with neighboring parcel, 134-138 Keystone. 4 homes for total $970,000

Listed by Lin Lansdon — Real Estate of Reno Sparks

Listing Details

Status Active Under Contract
MLS # 260006814
Price/Sq Ft $169

Property History

May 29, 2026
Listed for sale
$485,000
Current
Pending
$485,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,872
Lot Size 0.15 acres
Stories 1
Year Built 1924
Property Type Single Family Residence
Subdivision Powning Addition
STR Jurisdiction Washoe County
APN 011-012-16
Parking
Total Parking 1
Parking Features Additional Parking, Alley Access
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Brick Veneer
Roof Composition, Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $1,317
Schools
Elementary School Peavine
Middle School Clayton
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% ($97,000)
Home price
$485,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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