$315,000 $319,950 ↓ $4,950 reduced Active
280 Island Avenue #APT 403
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,321 Sq Ft

About This Property

Highrise Unit 403 at Park Towers, where modern urban living meets breathtaking natural beauty. Featuring an open-concept layout filled with abundant natural light and sweeping views of the mountains, downtown Reno, and the Truckee River. Enjoy truly hassle-free living with an HOA that covers most major utilities, including water, sewer, trash, heating, cooling, and exterior maintenance, allowing you to spend more time enjoying everything the area has to offer. A standout feature of this property is its rare short-term rental flexibility, making it STR-friendly (short term rental) for Airbnb and VRBO**—an exceptional opportunity for investors or owners seeking additional income potential. Ideally located just steps from the Truckee River, Midtown Reno, Barbara Bennett Park, and Wingfield Park, you'll have easy access to scenic river walks, vibrant restaurants, nightlife, festivals, athletic events, and cultural attractions. An organic grocery co-op is also nearby, adding even more convenience to your daily routine. Whether you're a University of Nevada, Reno student, a working professional, an active athlete, a resting retiree, or simply looking for a stylish downtown residence, Unit 403 offers an exceptional lifestyle. With walkable access to parks, dining, shopping, groceries, recreation, and entertainment—and UNR just 10 minutes away—this home truly offers something for everyone.

Listed by Arturo Rangel — Epique Realty

Listing Details

Status Active
MLS # 260004189
Days on Market 125
Price/Sq Ft $238

Property History

Apr 09, 2026
Listed for sale
$315,000
Jul 06, 2026
Price changed
$315,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,321
Lot Size 0.03 acres
Stories 17
Year Built 1961
Property Type Condominium
Subdivision Park Towers
STR Jurisdiction Washoe County
APN 011-472-11
Parking
Parking Features Carport, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Rain Gutters
View City, Mountain(s)
Construction Block, Concrete, Glass
Roof Flat, Membrane
Foundation Concrete Perimeter, Pillar/Post/Pier, Slab
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $1,824
HOA Fee $1,188 / Monthly
HOA / Community Park Towers
Schools
Elementary School Mt. Rose
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Management
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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
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% ($63,000)
Home price
$315,000
Loan details
30-yr fixed, 6.5%
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