$950,000
Active Under Contract
521 Lake Street
Reno, NV 89501
This home is under contract.
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STR Status Unknown
About This Property
Located in downtown Reno in the path of UNR expansion you will find this level lot with one of the most flexible zonings (mu-ed) that allows for -maximum density and a wide variety of allowed uses. Sale is for 2 lots, APN (007-501-04 & 007-501-05). Status of all utilities at site or available is unclear.
Listed by Chris DeMay — Blue Sierra Realty
Listing Details
Status
Active Under Contract
MLS #
260000558
Days on Market
279
Property History
Jan 16, 2026
Listed for sale
$950,000
Current
Pending
$950,000
Property Overview
Lot Size
0.32 acres
Property Type
Land
Subdivision
Evans North Addition
APN
007-501-04
Exterior & Lot
Lot Features
Level, Corners Marked, Curbs
View
City
Financial
Annual Tax
$3,480
Schools
Elementary School
Booth
Middle School
Vaughn
High School
Wooster
STR Investment Analysis
STR analysis
STRUCTURAL SCORE
—
—
PROJECTED GROSS ANNUAL REVENUE
—
~— per month
Avg Nightly
—
Occupancy
—
Cap Rate
—
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
$5,094 per month
Principal & interest
$4,804/mo
Property taxes
$290/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
