$815,000 Active
163 Martin Street
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
1,612 Sq Ft

About This Property

Modern Midtown living at its best. This rare newer-build home offers a standout opportunity in one of Reno's most desirable neighborhoods, just blocks from South Virginia Street and moments from Midtown's restaurants, coffee shops, bars, parks, and everyday conveniences. Built in 2018, this detached single-family residence combines contemporary architecture, stylish finishes, and an exceptionally functional layout in an unbeatable location. 3 bedrooms, 2.5 bathrooms, approximately 1,612 square feet and a built-in 2-car garage, with no HOA. Inside, the home is filled with natural light and enhanced by high ceilings, clean modern lines, and a bright open-concept design. The kitchen is a true centerpiece, featuring sleek cabinetry, generous counter space, island seating, and a layout that opens seamlessly to the main living area—ideal for everyday living or entertaining. Modern finishes throughout create a fresh, upscale feel, while the dedicated laundry room with built-in cabinets and sink adds convenience and practicality. The spacious primary suite offers a private retreat with a walk-in closet, balcony and a beautifully finished bath, while the additional bedrooms provide flexibility for guests or a home office. Exterior design and finishes give the property a striking architectural presence that stands out from more traditional housing options in the area. The small, low-maintenance lot makes ownership easy, whether you are looking for a full-time residence or an investment opportunity. Rarely do homes of this vintage, style, and location come to market in Midtown Reno. With newer construction, modern appeal and a premier in-town setting, this property is well suited for an owner-occupant or as a potential short-term rental opportunity.

Listed by Christopher Moton — Marmot Properties, LLC

Listing Details

Status Active
MLS # 260003890
Days on Market 34
Price/Sq Ft $506

Property History

Apr 03, 2026
Listed for sale
$815,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,612
Lot Size 0.05 acres
Stories 2
Year Built 2018
Property Type Single Family Residence
Subdivision Martin`S Addition
APN 011-661-03
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level
View City
Construction Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $5,311
Schools
Elementary School Mt. Rose
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($163,000)
Home price
$815,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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