$405,000 Active Under Contract
4501 Kathleen Denise Lane
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
1,460 Sq Ft

About This Property

This rare 3-bedroom, 2.5-bath home in the Rancho San Rafael Townhomes is a standout opportunity, marking the first time a 3-bedroom unit has hit the market in this community in nearly a year. Ideally situated for both lifestyle and investment, this property is currently tenant-occupied, offering immediate cash flow in one of Reno's most consistent rental areas. Inside, the home features a thoughtfully upgraded kitchen and a spacious layout designed for comfortable living. One of the property's most unique assets is its position within the community; with no rear neighbors, you can enjoy unobstructed, panoramic mountain views right from your back door. The location is second to none for those who want to experience the best of Reno. You are just minutes from UNR and Downtown Reno, and literally steps away from Rancho San Rafael Regional Park. Residents have front-row access to the world-famous Great Reno Balloon Race, miles of scenic walking and biking trails, and the Wilbur D. May Center. Whether you are looking for a high-demand investment property or a home in the heart of Reno's outdoor recreation hub, this townhome offers a combination of views, upgrades, and location that is incredibly hard to find.

Listed by Kaila Bailey — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260002891
Days on Market 61
Price/Sq Ft $277

Property History

Mar 14, 2026
Listed for sale
$405,000
Current
Pending
$405,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,460
Lot Size 0.03 acres
Stories 2
Year Built 2005
Property Type Townhouse
Subdivision Rancho San Rafael Townhomes
APN 003-740-18
Parking
Garage Spaces 2
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level
View Mountain(s), Valley
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $1,626
HOA Fee $218 / Monthly
HOA / Community Sierra North
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
HOA & Community
Community Amenities Parking
📊

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($81,000)
Home price
$405,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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