$370,000 Active
375 Magnolia Way
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,196 Sq Ft

About This Property

Welcome to 375 Magnolia Way! Offered at $370,000, this inviting 3-bedroom, 2-bath home presents an affordable opportunity to own a move-in-ready property in Reno with many of the big-ticket improvements already completed. Offering 1,196 sq. ft. of comfortable single-story living on a spacious, level lot of nearly a quarter acre, this home delivers an excellent combination of value, space, and updates. Step inside to a bright and open living area with vaulted ceilings and an updated kitchen featuring newer appliances, creating a fresh and functional space for everyday living and entertaining. The beautifully updated primary bathroom is a standout, featuring a custom tiled walk-in shower with dual rain shower heads and a new vanity for a relaxing, spa-like feel. Recent improvements continue outside with a new roof and fresh exterior paint, adding curb appeal and peace of mind. The fully fenced yard provides plenty of room for pets, gardening, entertaining, or simply enjoying the outdoors, while the detached 2-car garage offers additional parking and storage. As an added bonus, the hot tub may be included with the sale if desired. With an updated kitchen and primary bath, newer appliances, new roof, fresh exterior paint, generous lot, and a $370,000 list price, 375 Magnolia Way is a great opportunity for buyers looking for affordability without sacrificing updates, space, or functionality. Come see all this home has to offer!

Listed by Joseph Raymond — Real Broker LLC

Listing Details

Status Active
MLS # 260010956
Price/Sq Ft $309

Property History

Aug 24, 2026
Listed for sale
$370,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,196
Lot Size 0.24 acres
Stories 1
Year Built 1996
Property Type Manufactured Home
Subdivision Valley Village 3 & 4
STR Jurisdiction Washoe County
APN 080-531-24
Parking
Garage Spaces 2
Total Parking 6
Parking Features Detached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Corner Lot, Cul-De-Sac, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Shingle
Foundation 8-Point
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $917
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
📊

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% ($74,000)
Home price
$370,000
Loan details
30-yr fixed, 6.5%
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