$950,000
Active
505 Walker Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
About This Property
Unique opportunity in Reno's Old Southwest neighborhood, directly across from Plumas Park and minutes from Midtown. This completely remodeled 1,526 SF brick property offers two units, giving the flexibility for an owner-occupant, home office, or investment property. Approximately 230,000 dollars in recent improvements include new HVAC, electrical, plumbing, sewer line, kitchens, bathrooms, flooring, appliances, landscaping, and more. The 2-bedroom, 1.5-bath unit has a proven furnished mid-term rental history, recently leasing for 4,300.00/month. Zoning allows additional redevelopment potential for up to four units, subject to City approval and applicable development standards.
Listed by Jasson Mendoza — AMRE
Listing Details
Status
Active
MLS #
260010723
Property History
Aug 19, 2026
Listed for sale
$950,000
Property Overview
Beds
3
Lot Size
0.15 acres
Stories
1
Year Built
1950
Property Type
Duplex
Subdivision
Scenic Park
STR Jurisdiction
Washoe County
APN
011-316-06
Parking
Total Parking
4
Parking Features
Attached, Common, Garage, Garage Door Opener, Parking Pad, Varies by Unit
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Corner Lot, Landscaped
Construction
Brick Veneer, Frame
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Pool & Spa
Pool
No
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Central Air
Financial
Annual Tax
$1,799
Schools
Elementary School
Mt. Rose
Middle School
Shaw Middle School
High School
Reno
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% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
