$425,000
Active
411 E 7th Street
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
1.0
Baths
·
1,440
Sq Ft
About This Property
Turnkey income property just steps from the University of Nevada and minutes from Downtown Reno — this fully furnished home is an established, top-rated short-term rental with a 9.2/10 guest rating across 21 reviews. Move-in ready with a functional layout, abundant storage, and multiple walk-in closets, it suits owner-occupants, long-term tenants, or continued STR use equally well. Easy access to I-80, Midtown, restaurants, entertainment, and campus amenities makes this a great opportunity in the heart of Reno — a rare chance to acquire a proven, guest-loved rental in one of the city's most walkable locations.
Listed by Kris Carrick — LPT Realty, LLC
Listing Details
Status
Active
MLS #
260006390
Days on Market
90
Price/Sq Ft
$295
Property History
May 21, 2026
Listed for sale
$425,000
Property Overview
Beds
3
Baths
1.0
Sq. Ft.
1,440
Lot Size
0.08 acres
Stories
2
Year Built
1924
Property Type
Single Family Residence
Subdivision
Evans Northeast Addition
STR Jurisdiction
Washoe County
APN
007-232-35
Parking
Total Parking
3
Parking Features
Parking Pad
Exterior & Lot
Exterior Features
None
Lot Features
Level
View
Mountain(s)
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air, Natural Gas
Financial
Annual Tax
$807
Schools
Elementary School
Booth
Middle School
Vaughn
High School
Wooster
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% ($85,000)
Home price
$425,000
Loan details
30-yr fixed, 6.5%
