$420,000 Active Under Contract

25 Coleman Drive

Reno, NV 89503

This home is under contract. See 6 similar homes for sale in and around Reno ↓

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STR Status Unknown

3 Beds

2.5 Baths

1,917 Sq Ft

Virtual Tour

Our data on this home

Home insurance $2,700 – $4,000/yr Standard homeowners policy

About This Property

Wonderful opportunity to own a home right in front of Lake Park, come see this 1960's gem. Floorplan is very unique, upstairs you'll find an additional primary bedroom with a wrap around deck. Detached garage provides a breezeway for an inviting entrance to the backyard. Original antique finishes and built-ins throughout, the front door is located on the left side of the home.

Listed by Caitlyn Evans — RE/MAX Gold

Listing Details

Status Active Under Contract

MLS # 260013540

Days on Market 9

Price/Sq Ft $219

Property History

Oct 26, 2026

Listed for sale

$420,000

Oct 27, 2026

Pending

$420,000

Property Overview

Beds 3

Baths 2.5

Sq. Ft. 1,917

Lot Size 0.26 acres

Stories 2

Year Built 1960

Property Type Single Family Residence

Subdivision Lake Park Heights

APN 002-262-05

Parking

Garage Spaces 2

Total Parking 2

Parking Features Detached, Garage, Garage Door Opener

Attached Garage Yes

Exterior & Lot

Exterior Features None

Lot Features Level, Sprinklers In Rear, Other

View City, Mountain(s), Park/Greenbelt

Construction Unknown

Roof Tar/Gravel

Foundation Other

Utilities & Systems

Heating Forced Air, Oil

Cooling Central Air

Financial

Annual Tax $1,171

Schools

Elementary School Peavine

Middle School Clayton

High School Reno

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Home Insurance Estimate

Standard homeowners policy for this home

$2,700 – $4,000/yr

about $279/mo

Est. Rebuild Cost (Coverage A)

$805,140

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

$2,501 per month

Principal & interest

$2,124/mo

Property taxes

$98/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$0/mo

From MLS listing data.

Home insurance

$279/mo

Estimated ~$2,700–$4,000/yr — get a local broker quote for accuracy.

Down payment

20% ($84,000)

Home price

$420,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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