$475,000 Active Under Contract
15587 Toll Road
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
1,024 Sq Ft

About This Property

The views and location will attract you, and the uniqueness of this property and it's potential will keep you interested. Where there was once a lot of activity and use, to years of aging. this property still has a lot of potential. A 3-car garage was added in the 70s, to enhance the 1959 garage that is still standing with working electricity. There are a couple of small sheds on the property, and a 240 square foot shed that wants to be an ADU with a 3/4 bath and kitchenette, no permits could be found. Most of the buildings sit to the front of the property leaving clear space in back for your own endeavors. Perks of living here is the LOCATION, Tahoe to the West, Reno Airport to the north, and east up the hill to Virginia City. Close to Summit Mall, great restaurants and so much more.

Listed by Lori Entner — Coldwell Banker Select RE CC

Listing Details

Status Active Under Contract
MLS # 260004265
Days on Market 27
Price/Sq Ft $464

Property History

Apr 10, 2026
Listed for sale
$475,000
Current
Pending
$475,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,024
Lot Size 0.62 acres
Stories 1
Year Built 1959
Property Type Single Family Residence
APN 017-171-35
Parking
Garage Spaces 3
Total Parking 3
Parking Features Additional Parking, Detached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s)
Construction Frame
Roof Composition
Foundation Crawl Space, Pillar/Post/Pier
Utilities & Systems
Heating Forced Air, Propane
Cooling Evaporative Cooling
Financial
Annual Tax $985
Schools
Elementary School Brown
Middle School Marce Herz
High School Galena
📊

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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