$389,000 Active Under Contract
380 Magnolia Way
Reno, NV 89506
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STR Status Unknown
3 Beds
·
2.0 Baths
·
1,238 Sq Ft

Our data on this home

Home insurance $1,800 – $2,600/yr Standard homeowners policy

About This Property

Discover absolute comfort in this outstanding 3 bedroom, 2 bath property, coupled with a separate, fully converted 1 bedroom garage/apartment. This home has been meticulously modernized with upgrades throughout, providing a blend of comfort, elegance, and exceptional design. The spacious main home and a supplementary guest quarter create an amazing opportunity for rental income. Beyond the splendid accommodation layout, the property features ample parking space, with additional RV parking/access, cementing its position as the ultimate functional and modern home. This unique home is ready to begin its new chapter.

Listed by Becca Martinez — Harcourts Vanguard

Listing Details

Status Active Under Contract
MLS # 260009712
Days on Market 78
Price/Sq Ft $314

Property History

Jul 29, 2026
Listed for sale
$389,000
Aug 02, 2026
Pending
$389,000
Aug 07, 2026
Relisted
$389,000
Sep 10, 2026
Pending
$389,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,238
Lot Size 0.19 acres
Stories 1
Year Built 1979
Property Type Manufactured Home
Subdivision Valley Village 3 & 4
APN 080-532-06
Parking
Parking Features Additional Parking, Parking Pad, RV Access/Parking
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s)
Roof Metal, Pitched, Shingle
Foundation 8-Point
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Wall/Window Unit(s)
Financial
Annual Tax $722
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
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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

$1,800 – $2,600/yr
about $183/mo
Est. Rebuild Cost (Coverage A)
$519,960

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

$2,210 per month
Principal & interest
$1,967/mo
Property taxes
$60/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
$183/mo
Estimated ~$1,800–$2,600/yr — get a local broker quote for accuracy.
Down payment
20% ($77,800)
Home price
$389,000
Loan details
30-yr fixed, 6.5%
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