$950,000 Active
5435 N Virginia Street
Reno, NV 89506

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STR Status Unknown

About This Property

Prime 6.566 acre Investor Opportunity in Reno: 3 Parcels with Development Potential, Existing Mobile Homes, Garage Barn, and SF3 Zoning - Priced to Move! Unlock exceptional value with this rare investor-special bundle on North Virginia Street in Reno's growing North Valleys neighborhood. Spanning 6.566 acres over three parcels (APNs 082-540-23; 082-540-24; 082-540-02 and addresses 5435; 5395; 5445 N Virginia), this property offers endless possibilities: one expansive, approximate 5 acre vacant lot zoned SF3 (allowing up to 3 single-family units per acre - ideal for subdivision, custom builds, or multi-home development) and two established parcels with utilities featuring a 4 car garage barn with electricity, work area, and 2nd level. There are also two mobile homes (as-is) that could be restored for use and multiple detached storage sheds. Quick highway access, close proximity to commercial hubs, and potential for views as you build up create a high-upside to this property. Schedule a viewing to explore the full potential!

Listed by Amanda Mueller — NextHome Yourpickettfence Group

Listing Details

Status Active
MLS # 250057437
Days on Market 364

Property History

Oct 24, 2025
Listed for sale
$950,000
Property Overview
Lot Size 6.57 acres
Property Type Land
APN 082-540-23
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Sloped Up
View City, Desert, Mountain(s)
Financial
Annual Tax $2,114
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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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

$4,980 per month
Principal & interest
$4,804/mo
Property taxes
$176/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%
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