$205,000 $219,900 ↓ $14,900 reduced Active Under Contract
280 Island Avenue #APT 1002
Reno, NV 89501

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STR Status Unknown
1 Beds
·
2.0 Baths
·
751 Sq Ft

Our data on this home

About This Property

Park Tower is a downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale and subject to lien holder approval. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.

Listed by James Von Dorsten — RE/MAX Gold

Listing Details

Status Active Under Contract
MLS # 260003287
Days on Market 214
Price/Sq Ft $273

Property History

Mar 22, 2026
Listed for sale
$219,900
Current
Pending
$205,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2024 $325,000 Christi MercurioAllison James Estates & Homes Amy LevyColdwell Banker Realty

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 1
Baths 2.0
Sq. Ft. 751
Lot Size 0.02 acres
Stories 17
Year Built 1961
Property Type Condominium
Subdivision Park Towers
APN 011-474-10
Parking
Parking Features Permit Required, Detached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Level
View City, Mountain(s), Park/Greenbelt, Trees/Woods
Construction Brick, Masonite
Roof Flat
Foundation Slab
Utilities & Systems
Heating Electric, Forced Air
Cooling Central Air, Electric
Financial
Annual Tax $1,071
HOA Fee $675 / Monthly
HOA / Community Western Nevada Management
Schools
Elementary School Mt. Rose
Middle School Swope
High School Reno
HOA & Community
Community Amenities Gated, Management
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$800 – $1,100/yr
about $79/mo
Est. Rebuild Cost (Coverage A)
$225,300

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
$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

$1,880 per month
Principal & interest
$1,037/mo
Property taxes
$89/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$675/mo
From MLS listing data.
Home insurance
$79/mo
Estimated ~$800–$1,100/yr — get a local broker quote for accuracy.
Down payment
20% ($41,000)
Home price
$205,000
Loan details
30-yr fixed, 6.5%
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