$1,300,000 Active
590 St Lawrence Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
4.5 Baths
·
3,406 Sq Ft
Virtual Tour

About This Property

2 homes on 1 Lot. OWNER FINANCING terms AT 4 percent interest rate. Property has differed maintenance and is ready for updates! Owner financing at a 4 percent interest rate can be beneficial to help buyers' complete repairs and improvements while enjoying the property. NOTE / TOWNHOME: Current Zoning offers a townhome development opportunity, possibly allowing a Buyer to create individual units that may be sold separately in the future. This is MF14 zoning - with TWO homes on a corner lot in the charming Newlands District of Old Southwest Reno! A rare opportunity to own a charming vintage-style multi-generational family property. This 1940's unique gem features original hardwood floors, archways, and classic sconces and finished and/or partially finished separate basement areas that add valuable space, while the private fenced deck provides the perfect setting for outdoor dining and entertaining. The main home at 590 St. Lawrence offers approximately 1,867 sq. ft. including the finished basement. The main level features a living room, dining area, one bedroom, one full bath, and a Galley kitchen. Downstairs, you'll find a second bedroom, bonus room, three-quarter bath with walk-in shower, laundry area, and mechanical closet. Upstairs includes a loft-style bedroom, powder 1/2 bath, and flexible bonus spaces. The guest house at 588 St. Lawrence offers approximately 1,539 sq. ft. including a partially finished basement. The main level includes a living room, dining area, one-bedroom, full bath, and Galley kitchen. The basement level has two additional bedrooms, a three-quarter bath with shower, and laundry/mechanical area. Exterior is all brick, and the home sits proudly on the corner of Nixon and St Lawrence. Perfect for Multi-Generational Family, extra guest house unit, separate home office Space for working from home, or Income producing property. A truly special place to live, invest, or both!

Listed by Lori Gemme — NVG Properties LLC

Listing Details

Status Active
MLS # 250050473
Days on Market 345
Price/Sq Ft $382

Property History

May 28, 2025
Listed for sale
$1,300,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 3,406
Lot Size 0.12 acres
Stories 2
Year Built 1940
Property Type Single Family Residence
Subdivision Newlands Terrace
APN 011-253-01
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Landscaped, Level
View Mountain(s)
Construction Brick
Roof Composition, Pitched
Foundation Slab
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Oil
Cooling Central Air
Water Source Truckee River
Financial
Annual Tax $1,495
Schools
Elementary School Mt. Rose
Middle School Swope
High School Reno
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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% ($260,000)
Home price
$1,300,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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