$499,000 Active
512 Burns Street
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
·
884 Sq Ft

About This Property

Welcome to this thoughtfully updated bungalow in Reno's sought-after Wells Avenue District, where charm, comfort, and lifestyle come together. Lovingly curated in recent years, this light-filled home offers two inviting bedrooms, a comfortable living room, a separate family room space, and a spacious finished basement perfect for a home office, gym, media room, or extra guest space. The large kitchen and dining area create an ideal setup for entertaining or everyday living, while major upgrades including newer HVAC, water heater, roof, gutters, paint, and flooring offer peace of mind. Modern conveniences like AT&T Fiber internet and an Ecobee Smart Thermostat add comfort and connectivity for today's lifestyle. Outside, enjoy a sunny private yard, attached garage, ample off-street tandem parking, and secure fenced storage for bikes, gear, or outdoor toys. Located just steps from the VA Health Care System and minutes from Midtown's popular restaurants and nightlife, this home is perfectly positioned for both owner-occupants and investors alike. With a strong short-term rental history and unbeatable access to everything that makes Reno vibrant and connected, this is the opportunity you've been waiting for.

Listed by Bret Churchman — Compass

Listing Details

Status Active
MLS # 260006520
Price/Sq Ft $564

Property History

May 22, 2026
Listed for sale
$499,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 884
Lot Size 0.08 acres
Stories 1
Year Built 1938
Property Type Single Family Residence
Subdivision Burke'S Addition
APN 013-231-03
Parking
Garage Spaces 1
Total Parking 1
Parking Features Additional Parking, Attached, Garage
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped, Level
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $783
Schools
Elementary School Veterans
Middle School Vaughn
High School Wooster
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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% ($99,800)
Home price
$499,000
Loan details
30-yr fixed, 6.5%
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