$450,000 Active
304 Lorraine Court
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
3.0 Baths
·
1,807 Sq Ft

About This Property

This is a great opportunity to get into the beautiful and established Parkwood townhome community. Relax in the pool, play tennis, and enjoy the clubhouse while the HOA maintains the gorgeous mature landscaping throughout the neighborhood. Shopping, dining, and everyday needs can be met just a short distance away from Parkwood. The Atlantis, Convention Center and the Old Town Mall are within walking distance, but you will always feel tucked away in this quiet shady paradise. The home feels cozy with 1802 sq ft of living space and a good flow. Along with the kitchen, dining and living room located downstairs, is a full bath and office/den. The den can easily become a third bedroom as the full bath is just outside the double doors. The upstairs loft/hall contains the washer and dryer and large walk-in linen closet. Two full ensuite bedrooms grace the upstairs with one balcony for quiet shady relaxation above the landscaped back yard. This end lot has a spacious front lawn that is maintained by the HOA. The home has been taken care of and is ready for you to move in! All information is deemed reliable. The agent and buyer must perform due diligence and verify prior to purchase.

Listed by Teri Bartl — Ferrari-Lund Real Estate South

Listing Details

Status Active
MLS # 260007901
Price/Sq Ft $249

Property History

Jun 19, 2026
Listed for sale
$450,000
Property Overview
Beds 2
Baths 3.0
Sq. Ft. 1,807
Stories 2
Year Built 1979
Property Type Townhouse
Subdivision Willowbrook 2
STR Jurisdiction Washoe County
APN 024-212-33
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $1,846
HOA Fee $515 / Monthly
HOA / Community Parkwood
Schools
Elementary School Huffaker
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Fitness Center, Landscaping, Pool, Recreation Room, Sauna, Spa/Hot Tub, Tennis Court(s)
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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% ($90,000)
Home price
$450,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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