$1,950,000 Active
3240 Marthiam Avenue
Reno, NV 89509

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STR Status Unknown
5 Beds
·
3.5 Baths
·
5,014 Sq Ft
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Our data on this home

About This Property

Positioned on a hilltop lot with wide-open city and mountain views, this home has been extensively renovated to create a brighter, more open layout with flexible living space throughout. The main level was reworked last summer with walls and excess cabinetry removed, a structural beam added, and an oversized 14-foot sliding glass door installed to connect the living area to the outdoors and bring in abundant natural light. Updates extend throughout the home and include new flooring and baseboards, fresh paint and wall texture, new interior doors, window coverings, recessed and ambient lighting, smart lighting features, and updated exterior lighting. The spacious bedrooms offer comfortable private retreats, including a primary bedroom with an impressive 14-foot-wide picture window framing views of downtown Reno. The completely renovated kitchen features all-new soft-close cabinetry and drawers, hidden storage within the lower cabinets, quartzite countertops, a floor-to-ceiling pantry cabinet, dedicated coffee bar, induction cooktop, double ovens, new dishwasher, instant hot-water dispenser, and a large picture window. A formal dining area provides an additional defined space for entertaining, while one of the secondary bedrooms can easily function as a home office or library. The approximately 1,600-square-foot finished daylight walkout basement has also been completely renovated and provides another full level of living and entertaining space. It includes a dedicated home theater with acoustic paneling and wall-sconce lighting, built-in bar, recreation and play areas and workout space. Two bathrooms have been fully renovated, with additional updates made to two more bathrooms throughout the home. Outside, significant tree removal has opened the property to expansive mountain, city, and airport views. The fully fenced, two-tier backyard offers multiple garden beds, a dog run, and outdoor entertaining areas with a built-in egg-style BBQ and separate propane BBQ. The oversized sliding glass door provides an easy transition from the main living space to the deck and outdoor areas. Additional features include a three-car garage with floor-to-ceiling storage cabinetry, an electric vehicle charging port, and parking capable of accommodating a trailer up to approximately 38 feet. Located less than a block from the Ditch Trail, the property offers convenient access to walking, running, and biking, while Midtown and downtown Reno are just minutes away. The property offers a substantial amount of indoor recreation, storage, entertaining space, and everyday functionality.

Listed by Soni Jackson — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260013658
Days on Market 1
Price/Sq Ft $389

Property History

Oct 29, 2026
Listed for sale
$1,950,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2024 $1,315,000 Jacqueline MeadFerrari-Lund Real Estate Reno Claire KirbyColdwell Banker Select Reno

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 5
Baths 3.5
Sq. Ft. 5,014
Lot Size 0.56 acres
Stories 3
Year Built 1994
Property Type Single Family Residence
Subdivision Home Orchard
APN 018-280-18
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue
Lot Features Landscaped, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick, Masonite, Stone Veneer, Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,782
Schools
Elementary School Beck
Middle School Swope
High School Reno
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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

$7,200 – $10,500/yr
about $738/mo
Est. Rebuild Cost (Coverage A)
$2,105,880

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

$11,247 per month
Principal & interest
$9,860/mo
Property taxes
$649/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$738/mo
Estimated ~$7,200–$10,500/yr — get a local broker quote for accuracy.
Down payment
20% ($390,000)
Home price
$1,950,000
Loan details
30-yr fixed, 6.5%
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