$265,000
Active
1985 Valley Road
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
1.0
Baths
·
1,407
Sq Ft
About This Property
Investor opportunity! This property offers tremendous potential for investors, flippers, and contractors. This property boasts MF30 zoning allowing for potentially up to 4 units (buyer to verify). Originally a 2-bedroom, 1-bath home, the seller began redesigning the layout with a plan to create a duplex with a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The proposed redesign would add approximately 400 square feet to the existing 1,407 square feet. The property features a newer roof, new windows, and partial siding replacement. Bring your vision and unlock this property's potential.
Listed by Wesley Pittman — TrueNest Properties
Listing Details
Status
Active
MLS #
260007538
Price/Sq Ft
$188
Property History
Jun 12, 2026
Listed for sale
$265,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
1,407
Lot Size
0.17 acres
Stories
1
Year Built
1946
Property Type
Single Family Residence
STR Jurisdiction
Washoe County
APN
007-040-02
Parking
Parking Features
None
Exterior & Lot
Exterior Features
None
Lot Features
Level
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
None
Cooling
Central Air
Financial
Annual Tax
$738
Schools
Elementary School
Sierra Vista
Middle School
Traner
High School
Hug
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
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% ($53,000)
Home price
$265,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
