$1,075,000 Active
1940 Dickerson Road
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.0 Baths
·
2,341 Sq Ft

About This Property

Experience an elevated riverfront lifestyle at 1940 Dickerson Road—a truly one-of-a-kind residence offering contemporary design, exceptional versatility, and a rare setting along the Truckee River. This distinctive 3-bedroom, 3-bath home encompasses approximately 2,341 square feet of thoughtfully designed living space, with an inviting layout unlike any other townhome in the area. Exceptional views of the Reno Balloon Races can be enjoyed from nearly every room, creating a remarkable backdrop during one of Reno's most celebrated annual events. The home also offers a prime vantage point for New Year's fireworks, adding another memorable feature to its elevated lifestyle and entertaining appeal. A private lower-level deck sits directly off the living room, delivering an uncommon sense of seclusion and direct access to the Truckee River. This inviting outdoor retreat extends the living space outdoors—ideal for morning coffee, quiet afternoons beside the water, or gathering with friends while enjoying the riverfront setting. The rooftop space is designed with the capability to accommodate a hot tub, creating an unforgettable setting to relax, host friends, and take in the surrounding city, river corridor, and event views. Imagine enjoying sunrise coffee, an evening soak beneath the stars, or watching balloons and fireworks from your own private rooftop retreat. Inside, the flexible three-bedroom, three-bath configuration creates comfortable separation between living areas and private spaces, with room for guests, a home office, or a personal retreat. The second-floor living area includes a convenient kitchenette, adding flexibility for entertaining, multi-generational living, extended guests, or creating a private lounge space separate from the main living level. Every level contributes to a lifestyle that feels intentional, private, and distinctly different from a conventional townhome. As the only unit in the complex with three designated outdoor parking spaces in addition to its private two-car garage, this residence offers an uncommon level of convenience and parking flexibility. Situated just minutes from downtown Reno, the property provides convenient access to dining, entertainment, arts, shopping, the river path, and outdoor recreation—while retaining the appeal of a riverfront-oriented setting. Rare, refined, and unlike anything else in the area, 1940 Dickerson Road is a signature Reno residence with rooftop hot-tub potential, exceptional event views, rare parking, direct river access, and an outstanding location. Any offers will not be reviewed until Thursday October 1st at 5:00pm.

Listed by Dallas Serpa — RE/MAX Gold

Listing Details

Status Active
MLS # 260012017
Days on Market 3
Price/Sq Ft $459

Property History

Sep 17, 2026
Listed for sale
$1,075,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2024 $670,000 Becky PattersonRE/MAX Gold-Midtown Dallas SerpaRE/MAX Gold

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,341
Lot Size 0.02 acres
Stories 3
Year Built 2004
Property Type Townhouse
Subdivision Toscano Townhomes
STR Jurisdiction Washoe County
APN 006-320-12
Parking
Garage Spaces 2
Total Parking 5
Parking Features Attached, Garage, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Common Area, Corner Lot, Landscaped, Level, Wooded
View City, Mountain(s), Park/Greenbelt, Trees/Woods
Roof Flat, Membrane, Metal, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Electric, Fireplace(s), Forced Air, Natural Gas
Cooling Central Air, Electric
Water Source Truckee River
Financial
Annual Tax $3,468
HOA Fee $750 / Monthly
HOA / Community NV Community Management
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Landscaping, Parking
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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 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% ($215,000)
Home price
$1,075,000
Loan details
30-yr fixed, 6.5%
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