$998,500 Active
2315 Armstrong Lane
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.0 Baths
·
2,074 Sq Ft

About This Property

Investment Opportunity - Tenant Occupied - Lease in Place until 2027 - Nestled on a sprawling nearly 1 acre property with boundless potential, this completely remodeled residence offers the perfect blend of modern luxury and serene surroundings. This is a highly sought-after location in one of Reno's most desirable neighborhoods. With current development zoning, you can explore the opportunity to develop the property to your heart's desire. Remodel included all systems of the house with licensed/processional installation and full permitted approvals., The main floor has 3 bedrooms and 2 full bathrooms. The entire house has been remodeled and updated. Electrical, plumbing, windows, insulation, flooring, and appliances all redone. The basement includes an additional full bathroom and mud room area. Unleash your creativity in the expansive basement area, offering endless possibilities for customization. Whether you envision a home theater, a game room, a home gym, or additional living quarters, this versatile space can be tailored to suit your lifestyle needs. This unique home is conveniently situated in Southwest Reno, minutes from downtown and fantastic schools, yet a world away as it is surrounded by established homes and an abundance of nature, including the Steamboat Ditch Trail.

Listed by Kevin Trexler — Nevada Home Realty

Listing Details

Status Active
MLS # 260006569
Price/Sq Ft $481

Property History

May 22, 2026
Listed for sale
$998,500
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,074
Lot Size 0.98 acres
Stories 2
Year Built 1958
Property Type Single Family Residence
APN 018-114-06
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped
Construction Stone
Roof Composition, Shingle
Foundation Brick/Mortar, Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,399
Schools
Elementary School Beck
Middle School Swope
High School Reno
📊

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% ($199,700)
Home price
$998,500
Loan details
30-yr fixed, 6.5%
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