$825,000 Active
1845 Elmcrest Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,704 Sq Ft

About This Property

Completely remodeled and filled with unexpected extras, this is a home that delivers both inside and out. The main residence offers 3 bedrooms and 2 bathrooms with a fresh, beautifully updated interior, plus a true studio mother-in-law suite featuring an additional bedroom, bathroom, and full kitchen. An incredible space for extended family, guests, a private office, gym, or additional living space. Outside is where this property really sets itself apart. Tiered landscaping winds through mature trees and established gardens, with a water feature, built-in trampoline, playset, hot tub, storage shed, and multiple spaces to relax or entertain. The edible landscape is already established with strawberries, apples, peaches, plums, and tangerines. Additional updates include a new electrical panel and garage space for storage. Tucked into an established neighborhood around the corner from schools while still conveniently located near UNR and Downtown Reno, this home combines a beautifully remodeled interior, flexible living options, and a backyard you simply don't find every day.

Listed by Jessica Hodges — Real Broker LLC

Listing Details

Status Active
MLS # 260012022
Days on Market 3
Price/Sq Ft $305

Property History

Sep 17, 2026
Listed for sale
$825,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,704
Lot Size 0.28 acres
Stories 2
Year Built 1955
Property Type Single Family Residence
Subdivision Elmcrest Heights 3
STR Jurisdiction Washoe County
APN 006-014-01
Parking
Garage Spaces 1
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped, Level, Sloped Up, Sprinklers In Front, Sprinklers In Rear
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,762
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
📊

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% ($165,000)
Home price
$825,000
Loan details
30-yr fixed, 6.5%
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