$1,450 Active
500 University Way
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
200 Sq Ft

About This Property

Charming & Updated 1-Bedroom Apartment for Rent - 500 University Dr., Reno Enjoy comfortable, low-maintenance living in this clean and well-maintained 1-bedroom, 1-bath apartment conveniently located near the University of Nevada, Reno, downtown, shopping, dining, and public transportation. This inviting unit features a functional kitchenette area, an updated bathroom, air conditioning for year-round comfort, and a private mailbox. The thoughtfully designed layout offers everything you need in a cozy, easy-to-maintain home. Property Features: 1 Bedroom / 1 Updated Bathroom Kitchenette with functional prep space Air Conditioning Private Mailbox Clean, well-maintained interior Convenient location near UNR, downtown Reno, restaurants, and shopping Perfect for students, professionals, or anyone looking for an affordable and conveniently located place to make their home.

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active
MLS # 260009135
Price/Sq Ft $7

Property History

Jul 17, 2026
Listed for sale
$1,450
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 200
Lot Size 0.19 acres
Stories 1
Year Built 1966
Property Type Apartment
Subdivision Evans North Addition
STR Jurisdiction Washoe County
APN 007-501-07
Parking
Total Parking 1
Exterior & Lot
View City
Pool & Spa
Pool No
Utilities & Systems
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Schools
Elementary School Booth
Middle School Vaughn
High School Wooster
📊

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% ($290)
Home price
$1,450
Loan details
30-yr fixed, 6.5%
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