$138,750 Active
1940 Morgan Road #VCH M-137A
Reno, NV 89521
STR Status Unknown

About This Property

GET A HEAD START ON BUILDING YOUR DREAM HOME IN VIRGINIA CITY HIGHLANDS! This incredible parcel offers the perfect canvas for your custom mountain retreat, with sweeping views of the surrounding mountains and valley and much of the preliminary work already completed. POWER IS ON THE PROPERTY, WELL IS IN, BUILDING PAD IS CLEARED, EXCAVATION HAS BEGUN, ENGINEERING REPORT IS COMPLETE, AND PERC TEST IS DONE! That's a big head start toward turning your vision into reality. Imagine waking up to crisp mountain air, wide-open Nevada skies and incredible views, where wildlife may be your closest neighbors and brilliant sunsets give way to nights filled with stars. Virginia City Highlands offers that rare combination of space, privacy and peaceful mountain living while keeping you within reach of everyday conveniences. Whether you're dreaming of a custom home, hobby farm, workshop, or your own private retreat in the mountains, this property offers room to create something truly special. Enjoy the quiet and freedom of country living just minutes from historic Virginia City, with convenient access to Reno and Hwy 580. THE LAND IS HERE. THE VIEWS ARE HERE. MUCH OF THE GROUNDWORK IS DONE. NOW BRING YOUR PLANS AND START BUILDING YOUR DREAM!

Listed by Rachel Shipley — RE/MAX Professionals-Sparks

Listing Details

Status Active
MLS # 260011126
Days on Market 1

Property History

Aug 27, 2026
Listed for sale
$138,750
Property Overview
Lot Size 2.19 acres
Property Type Land
APN 003-111-22
Exterior & Lot
Lot Features Sloped Up, Wooded
View Mountain(s), Trees/Woods
Financial
Annual Tax $637
HOA Fee $200 / Annually
HOA / Community Virginia City Highlands Homeowner Association
Schools
Elementary School Gallagher, Hugh
Middle School Virginia City
High School Virginia City
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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% ($27,750)
Home price
$138,750
Loan details
30-yr fixed, 6.5%
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