$1,150,000 Active
16875 S Virginia Street
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
2,419 Sq Ft

About This Property

Outstanding opportunity to own 3.43 acres of land in the Steamboat Valley area! This unique home has been recently updated and remodeled and has outstanding views of the Steamboat Valley and the Virginia Range! The primary bedroom and two other bedrooms are on the main floor. There is a lot of space on the lower level for all kinds of hobbies, a gym or office, and more. The brand new kitchen has all new appliances (gas range & oven, dishwasher, disposal and refrigerator with a water purifier). It opens up to the formal dining and great rooms which have new recessed lighting and beautiful chandelier. The bathrooms have all new vanities, tile surround, and plumbing fixtures. Some of the updates include new electrical, new plumbing, mini-splits throughout, LVP flooring, new sheetrock and smooth textured walls, new interior and exterior paint, new roof, new windows throughout (except 2), new double front doors, and all new interior doors.. There is a 504 sf two-car garage attached to the house plus a detached 720 square foot garage for more cars or toys! You'll also find a chicken coop and small storage shed on the property. The sellers have added solid wood fencing and a gate around the lower part of the property for privacy and security, a beautiful new 5,100 square foot concrete driveway, an extra large concrete pad for RV or boat parking plus graveled areas for additional toys and/or storage. New sod has been installed in the backyard along with an 850 sf concrete patio & steps at the front--the perfect spot to enjoy morning coffee or sunsets over the Steamboat Valley. Endless possibilities await the buyer! We encourage you to view the flyover in the virtual tour! https://sites.listvt.com/mls/257511106

Listed by Karen Melarkey — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260009347
Price/Sq Ft $475

Property History

Jul 22, 2026
Listed for sale
$1,150,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,419
Lot Size 3.43 acres
Stories 2
Year Built 1956
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 045-210-02
Parking
Garage Spaces 5
Total Parking 8
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad, RV Access/Parking, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Level, Rolling Slope, Sloped Up, Sprinklers In Rear
View Desert, Meadow, Mountain(s), Trees/Woods, Valley
Construction Brick Veneer, Frame
Roof Composition, Pitched
Foundation Concrete Perimeter, Crawl Space, Full Perimeter, Slab
Financial
Annual Tax $3,044
Schools
Elementary School Pleasant Valley
Middle School Depoali
High School Damonte
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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
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% ($230,000)
Home price
$1,150,000
Loan details
30-yr fixed, 6.5%
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