$555,000 Active
311 Cheney Street
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
962 Sq Ft
Virtual Tour

About This Property

A completely updated bungalow in the middle of Midtown, one of Reno's most sought-after districts offering exceptional walkability, a thriving local arts and culinary scene, boutique shops and historic neighborhoods. This 962 sf, 2bd/1ba house just oozes charm. Architectural details were painstakingly preserved while major modern updates were carried out. Updates included all new pex plumbing and ventilation stack, new main water line from the street, new electrical and sewer line. Brand new kitchen and bathroom, new doors throughout, new window framing and sills. Living room windows have solar shades as well as privacy film so the partial mountain views can be experienced while still enjoying your privacy. Plenty of off street parking as well. A century of character preserved: from original built-ins, board and batten style ceilings in kitchen and bathroom, plaster walls and gorgeous refinished White Oak and Douglas Fir floors. This house offers storage galore with linen cabinet and drawers in the hallway, dining hutch, and a large pantry off the kitchen. There is also an approximately 250sf unfinished basement. Relax in front of the gas fireplace or enjoy the private backyard, this home is ready to be your Midtown oasis.

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active
MLS # 260012009
Days on Market 3
Price/Sq Ft $577

Property History

Sep 17, 2026
Listed for sale
$555,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 962
Lot Size 0.09 acres
Stories 1
Year Built 1922
Property Type Single Family Residence
Subdivision Wells Addition
STR Jurisdiction Washoe County
APN 013-113-19
Parking
Total Parking 3
Parking Features None
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level
View City, Mountain(s)
Construction Frame, Stucco
Roof Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $1,102
Schools
Elementary School Booth
Middle School Vaughn
High School Wooster
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($111,000)
Home price
$555,000
Loan details
30-yr fixed, 6.5%
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