$199,000
Active
280 Island Avenue #APT 1007
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1.0
Baths
·
440
Sq Ft
About This Property
Centrally located condo with all that Reno has to offer, fine dining, museums, shopping, casinos and one block from Midtown, the Truckee across the street and more. The HOA allows for short term rentals, a great investment for investors. There is approximately 80 extra square feet with a small balcony at the door. The additional space allows for dresser and has an extra storage cabinet. This extra space is not included in the assessors square footage. The addition was HOA approved. Nearly all of the utilities are included in the monthly HOA fees.
Listed by Tim Koskinen — Reno/Tahoe Realty Group, LLC
Listing Details
Status
Active
MLS #
260002007
Days on Market
65
Price/Sq Ft
$452
Property History
Jun 09, 2026
Listed for sale
$199,000
Property Overview
Baths
1.0
Sq. Ft.
440
Lot Size
0.01 acres
Stories
1
Year Built
1961
Property Type
Condominium
Subdivision
Park Towers
STR Jurisdiction
Washoe County
APN
011-474-29
Parking
Parking Features
None
Exterior & Lot
Exterior Features
None
Lot Features
Level
View
City, Mountain(s)
Construction
Frame
Roof
Flat
Foundation
Slab
Utilities & Systems
Heating
Forced Air
Cooling
Central Air
Water Source
Truckee River
Financial
Annual Tax
$701
HOA Fee
$504 / Monthly
HOA / Community
Northern Nevada Management
Schools
Elementary School
Mt. Rose
Middle School
Swope
High School
Reno
HOA & Community
Community Amenities
Elevator(s), Landscaping
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% ($39,800)
Home price
$199,000
Loan details
30-yr fixed, 6.5%
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