$554,900 Active
524 Island Avenue
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,414 Sq Ft

About This Property

Welcome to Wingfield Park Condos, where downtown Reno living meets comfort and style. This inviting top-floor, nicely updated 2-bedroom, 2-bath home offers stunning views of the city, the park, and the Truckee River, creating a truly special urban retreat. Step out and onto the generous balcony to relax, dine, or entertain while enjoying the sparkle of river and city lights. Inside, the open, thoughtfully designed layout features airy living spaces, abundant natural light, and well-sized bedrooms that feel warm and welcoming—ideal for both everyday living and hosting guests. One dedicated space in the secure parking garage provides convenience and peace of mind, complemented by two additional assigned storage areas for your gear and belongings. An elevator takes you right to your front door, making access effortless. Just moments from top restaurants, nightlife, and riverfront recreation, this top-floor condo offers an easy, lock-and-leave lifestyle in one of downtown Reno's most desirable locations.

Listed by Eric Gonzales — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260004061
Days on Market 35
Price/Sq Ft $392

Property History

Apr 07, 2026
Listed for sale
$554,900
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,414
Stories 1
Year Built 1975
Property Type Condominium
Subdivision Wingfield Park
APN 011-390-04
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Landscaped, Level
View City, Mountain(s), Park/Greenbelt
Construction Brick
Roof Flat, Tile
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,629
HOA Fee $517 / Monthly
HOA / Community Wingfield Park Condominiums
Schools
Elementary School Beck
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Gated, Landscaping, Parking, Storage
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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% ($110,980)
Home price
$554,900
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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