$2,095
Active
575 Colby Lane
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
1,090
Sq Ft
About This Property
Charming 3-bedroom, 2-bath home with a 2-car garage in the desirable Raleigh Heights neighborhood of Reno. This well-cared-for property reflects true pride of ownership, offering a comfortable and inviting living space in a quiet, established community. Conveniently located just up the hill from University of Nevada, Reno and Truckee Meadows Community College, with easy freeway access and only minutes to downtown Reno. This home combines peaceful living with excellent accessibility. Features include a fully fenced yard, perfect for relaxing or entertaining, and a layout designed for everyday comfort. Available July 1st. Pets considered upon approval.
Listed by Jennifer Hilderbrand — Hilderbrand Property Management
Listing Details
Status
Active
MLS #
260004821
Days on Market
16
Price/Sq Ft
$2
Property History
Apr 21, 2026
Listed for sale
$2,095
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,090
Lot Size
0.21 acres
Stories
1
Year Built
1965
Property Type
Single Family Residence
Subdivision
Raleigh Heights 2
APN
082-392-16
Parking
Garage Spaces
2
Total Parking
6
Parking Features
Additional Parking, Carport, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Sloped Down, Sprinklers In Front, Sprinklers In Rear
View
Peek
Pool & Spa
Pool
No
Utilities & Systems
Heating
Natural Gas
Cooling
Central Air
Schools
Elementary School
Smith, Alice
Middle School
OBrien
High School
North Valleys
HOA & Community
Community Amenities
None
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% ($419)
Home price
$2,095
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
