$450,000 Active
1800 Vale Street Street
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
·
920 Sq Ft

About This Property

WESTFIELD VILLAGE - A RARE OPPORTUNITY Full of History. Ready for Its Next Chapter. An incredible Old Southwest location paired with endless potential. This is the cottage you dream of when you think of Old Southwest charm—an all-original 1946 gem full of character, history, and opportunity. This 2-bedroom, 1-bath home has been cherished by the same family for well over 70 years and is now ready for its next chapter. Step inside to find original hardwood floors and kitchen tile, vintage tile in the bathroom, and timeless architectural details you just can't find in homes today. Lovingly held but untouched for years, this home offers a true clean slate for restoration, renovation, or reimagination. Featuring a classic shake roof and HVAC system needing replacement, this property is ideal for those looking to bring new life to a special piece of Reno history. With great bones and undeniable charm, the potential here is endless. THINGS TO KNOW: • Shake roof • Non-functional oil tank is in-ground, • Existing oil-burning furnace • Current heat source is wood-burning fireplace in living room. • HOME IS WINTERIZED. DO NOT USE PLUMBING. no water to plumbing due to lack of heat • Not eligible for traditional financing • Sold AS-IS Perfect for cash buyers, investors, or anyone seeking a rewarding project in one of Reno's most desirable historic neighborhoods. A home with history. A blank canvas for the future. Bring your vision and make it your own.

Listed by Kathleen Knuf Felte — Opal Real Estate Advisors

Listing Details

Status Active
MLS # 260004977
Days on Market 14
Price/Sq Ft $489

Property History

Apr 24, 2026
Listed for sale
$450,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 920
Lot Size 0.13 acres
Stories 1
Year Built 1946
Property Type Single Family Residence
Subdivision Westfield Village
APN 010-196-15
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
Roof Shake
Foundation Crawl Space
Utilities & Systems
Heating None
Financial
Annual Tax $885
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 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% ($90,000)
Home price
$450,000
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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