$228,000 Active
5011 Tahiti Way #3
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
882 Sq Ft

About This Property

Perfect for home buyer just starting out or investor opportunity is waiting for you in this cute cul-de-sac in South Reno. This updated condo checks every box for an investor looking for a turnkey rental or a first-time buyer ready to stop renting. The kitchen and flooring has been updated and a highlight is the charming original brick wall feature. The yard is low maintenance by design and maintained by the HOA, as well as the roof and exterior of the structure, savings on maintenance and home owner's insurance costs. This home is perfectly located with easy access to stores, restaurants and more. Trader Joe's is about a two min drive away. Meadowood Mall, Whole Foods, and the South Virginia Street corridor with its restaurants, retail, and services are all within a few minutes of your front door. Bartley Ranch Regional Park is nearby for trails and outdoor space, and freeway access via I-580 is right around the corner. You get the quiet of a cul-de-sac and the convenience of one of the most well-serviced parts of South Reno. Don't miss this charming condo!

Listed by Whitney Myer — Real Broker LLC

Listing Details

Status Active
MLS # 260006516
Price/Sq Ft $259

Property History

May 22, 2026
Listed for sale
$228,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 882
Stories 2
Year Built 1970
Property Type Condominium
Subdivision Smithridge Green 2
APN 025-140-55
Parking
Total Parking 1
Parking Features Carport, None
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Cul-De-Sac, Level
Construction Stucco
Roof Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Wall Furnace
Financial
Annual Tax $585
HOA Fee $281 / Monthly
HOA / Community Reno Property Management
Schools
Elementary School Smithridge
Middle School Pine
High School Damonte
HOA & Community
Community Amenities Landscaping
📊

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% ($45,600)
Home price
$228,000
Loan details
30-yr fixed, 6.5%
Request a Tour
A
Real Estate Tahoe
Real Estate Agent

Send a Message