$895,000 Active
1755 Benjamin Franklin Drive
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
1,471 Sq Ft

About This Property

Discover the remarkable investment potential of this charming 4-bedroom, 3-bathroom property on Benjamin Franklin Drive in highly desirable Old Southwest Reno. This unique compound offers an incredible opportunity with its main house plus two additional guest residences, currently generating monthly income through short-term rental. The 1,471 square foot main house features original hardwood floors throughout and updated kitchen flooring, creating the perfect blend of vintage character and modern functionality. The property's multi-generational living potential makes it ideal for extended families or savvy investors seeking diverse income streams. Step outside to discover professionally maintained mature landscaping adorned with fruit trees and raised garden beds, creating a private oasis in the heart of the city. Chain link fencing thoughtfully separates the three properties, while convenient rear parking accommodates multiple vehicles. Each residence includes washer and dryer hookups, ensuring maximum convenience for residents or guests. The location couldn't be more perfect for those seeking the best of Reno living. You're walking distance from trendy coffee shops, restaurants, and shopping, while remaining close to downtown Reno, the vibrant Midtown district, and the scenic Truckee River. Nearby Idlewild Park and Crissie Caughlin Park provide abundant outdoor recreation opportunities, and the greenbelt offers peaceful walking paths right at your doorstep. Recent improvements include extensive septic system repairs and pumping, newer heating, ventilation, and air conditioning systems throughout, with mini splits and baseboard heat in the guest residences. New flooring in the guest homes adds to the property's appeal, and all furnishings can be included for turnkey convenience. All three units have washer/dryer's and refrigerators which are also included. The very back unit (the bungalow) has new windows. With established schools nearby, Reno Tahoe International Airport accessibility, and the seller providing detailed financial records, this property represents a rare find in today's market. Whether you're seeking a family compound, investment property, or unique rental opportunity, this Benjamin Franklin Drive gem delivers exceptional value and endless possibilities.

Listed by April Nieto — RE/MAX Gold

Listing Details

Status Active
MLS # 250053154
Days on Market 295
Price/Sq Ft $608

Property History

Jul 16, 2025
Listed for sale
$895,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,471
Lot Size 0.35 acres
Stories 1
Year Built 1952
Property Type Single Family Residence
Subdivision River Mount Park
APN 018-013-07
Parking
Garage Spaces 1
Total Parking 6
Parking Features Additional Parking, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Park/Greenbelt, Trees/Woods
Roof Asphalt
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,640
Schools
Elementary School Gomm
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% ($179,000)
Home price
$895,000
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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