$315,000 Active
537 Colorado River Boulevard
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Discover an unparalleled investment opportunity in the heart of a rapidly growing area! This vacant lot is situated just next to Midtown, one of the city's most sought-after and vibrant neighborhoods. Why is this the perfect investment? The seller provides building plans for two stunning duplexes! Imagine four spacious units, each boasting 3 bedrooms and 2.5 bathrooms ideal for families, young professionals, or anyone looking for modern, comfortable living. With Midtown's skyrocketing popularity and its proximity to this lot, demand for quality housing is at an all-time high. Adding to this, the lot offers a wealth of opportunities and is conveniently located near shopping centers and the exciting Reno Experience District.

Listed by Erik Zaldivar — Epique Realty

Listing Details

Status Active
MLS # 260001611
Days on Market 113

Property History

Feb 12, 2026
Listed for sale
$315,000
Property Overview
Lot Size 0.20 acres
Property Type Land
Subdivision Southside
STR Jurisdiction Washoe County
APN 013-414-17
Exterior & Lot
Lot Features Level
Financial
Annual Tax $861
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
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% ($63,000)
Home price
$315,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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