$525,000 Active
1565 McKinley Drive
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
·
896 Sq Ft

About This Property

Welcome to this charming 2-bedroom, 1-bath home in the heart of Old Southwest Reno, where beautifully refreshed spaces meet incredible potential for the future. Step inside to find a freshly repainted interior, beautifully refinished original hardwood floors, and a remodeled kitchen complete with a cozy breakfast nook—the perfect spot for morning coffee or casual meals. The home has also benefited from several meaningful recent improvements, including a beautifully remodeled bathroom completed in 2025, a new front door, new sewer line installed in 2025, and a new water heater. The exterior has been freshly painted as well, while new front landscaping adds to the home's inviting curb appeal. Beyond the main living space, this property offers features that are increasingly hard to find. A one-car garage, covered carport, and spacious driveway provide plenty of off-street parking. Out back, you'll find a fully finished detached shed with electricity, ready to become something truly special. Add a mini-split HVAC system and create a comfortable year-round bonus space—perfect for a home office, art or craft studio, gym, hobby room, game room, or whatever best fits your lifestyle. The backyard features established landscaping and an existing concrete border outlining an ideal future lawn area, while the large side yard provides additional room for gardening, storage, or outdoor projects. And perhaps the most exciting opportunity is below: an unfinished basement offering an incredible amount of additional space and potential. Whether envisioned for recreation, a home gym, office, hobbies, storage, or future finished space, the basement gives the next owner an exciting opportunity to expand the home's functionality and truly make it their own. The location brings even more to love. Enjoy convenient access to local schools, neighborhood coffee shops, restaurants, the Truckee River, and some of the area's favorite community amenities. Idlewild Park is just minutes away, making it easy to enjoy Food Truck Fridays, local farmers markets, walking and biking paths, days along the river, and everything that makes this part of Reno such a desirable place to call home. With its refinished hardwood floors, remodeled kitchen and bathroom, valuable recent improvements, flexible detached bonus space, generous parking, and incredible future potential, this Old Southwest home offers the character and lifestyle buyers love about the neighborhood—with so many possibilities still waiting to be explored.

Listed by Lisa Harrison — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260011110
Price/Sq Ft $586

Property History

Aug 27, 2026
Listed for sale
$525,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 896
Lot Size 0.18 acres
Stories 1
Year Built 1950
Property Type Single Family Residence
Subdivision Sierra View
STR Jurisdiction Washoe County
APN 010-151-08
Parking
Garage Spaces 1
Total Parking 2
Parking Features Attached, Carport, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Rear
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $946
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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($105,000)
Home price
$525,000
Loan details
30-yr fixed, 6.5%
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