$365,000 Active
355 Madison Marie Lane
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.5 Baths
·
1,302 Sq Ft

About This Property

This townhome checks a lot of boxes — and a few you didn't know to ask for. Fresh LVP flooring throughout. A modern paint palette that's move-in ready. The kitchen and laundry come fully equipped with updated appliances — and every single one negotiable with the sale, including the movie room setup! Upstairs, two primary suites give everyone their own space — versatile enough to fit whatever your lifestyle looks like right now. Step onto the balcony and you're looking straight at the mountains. On the right morning, you might catch a hot air balloon drifting overhead — one of those Northern Nevada moments that reminds you why people choose to put down roots here. The two-car garage is currently set up as a home gym, also negotiable with the sale. Keep it or reclaim the space — either way, the storage and parking are yours. And the HOA? It covers exterior maintenance, landscaping, and snow removal — so the outside takes care of itself while you focus on everything else. Just outside your door, you're steps from trails and pathways that connect directly to Evans Canyon and through to Rancho San Rafael. This is Northern Nevada living at its best. Located near the University of Nevada and a growing community corridor — a smart entry point into homeownership or a strong addition to an investment portfolio.

Listed by Ainsley Jones — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260006847
Price/Sq Ft $280

Property History

May 29, 2026
Listed for sale
$365,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,302
Lot Size 0.02 acres
Stories 2
Year Built 2003
Property Type Townhouse
Subdivision Rancho San Rafael Townhomes
STR Jurisdiction Washoe County
APN 003-710-03
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level
View Desert, Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,440
HOA Fee $240 / Monthly
HOA / Community Associa North
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
HOA & Community
Community Amenities Landscaping
📊

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% ($73,000)
Home price
$365,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

Send a Message

Or call directly: 530.613.5207