$950,000
Active Under Contract
521 Lake Street
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
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
140
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
STR Jurisdiction
Washoe County
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
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% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
