$319,950 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

Nestled in the iconic "Park Towers" high-rise, Unit 403 offers a captivating blend of mid-century charm and modern convenience with plenty of potential left to take over! Featuring an open layout, abundant natural light, and sweeping views of the Mountains, City and the Truckee River. Residents enjoy the rare advantage of short-term rental flexibility a standout feature of Park Towers that makes this unit a compelling investment opportunity. AIRBNB & VRBO friendly! The HOA covers most utilities—including water, sewer, trash, heating, cooling, and exterior maintenance—ensuring hassle-free living. Step outside to the building's shared amenities: a party deck, conference room, and library, perfect for entertaining or unwinding with a book. Located just steps from the Truckee River, Midtown Reno, and Wingfield Park, you're perfectly positioned for riverside strolls, vibrant nightlife, and cultural events Whether you're seeking a stylish urban residence or down town party central. Walking distance to an organic co-op, local eateries, coffee shops, and scenic parks. Enjoy walkable access to nature, dining, and vibrant downtown amenities right outside your door. 2nd Bedroom and 2nd bathroom are not featured as they are currently tenant occupied. 24 hour notice required to see the entire unit.

Listed by Arturo Rangel — Epique Realty

Listing Details

Status Active
MLS # 260004189
Days on Market 29
Price/Sq Ft $242

Property History

Apr 09, 2026
Listed for sale
$319,950
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
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($63,990)
Home price
$319,950
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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