$889,999 Active Under Contract
596 California Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·

About This Property

Rare opportunity to own a duplex in the highly sought-after Old Southwest Reno neighborhood along the iconic California Avenue corridor. Multi-family properties in this historic district are exceptionally scarce, with very few opportunities coming to market over the years, making this a true legacy asset. Ideally located just minutes from Midtown Reno, Downtown Reno, and the scenic Truckee River, the property offers unbeatable access to some of Reno's most vibrant dining, nightlife, and outdoor recreation. Enjoy walkability to local favorites like The Brewer's Cabinet and nearby coffee shops, boutiques, and parks. The property is move-in ready and features fresh interior paint throughout. The front unit lives like a single-family home, featuring its own private front and backyard, an increasingly rare amenity in this urban setting. The rear unit is thoughtfully separated and includes a private fenced patio, providing excellent privacy for tenants or guests. This versatile property is perfectly suited for an owner-occupant seeking supplemental income or an investor looking to secure a high-demand rental in one of Reno's most established and desirable neighborhoods. With limited multi-family inventory and strong rental appeal, this is a standout opportunity in a high-barrier-to-entry market.

Listed by Jonathan Hughes — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260001026
Days on Market 127

Property History

Jan 29, 2026
Listed for sale
$889,999
Current
Pending
$889,999
Property Overview
Beds 3
Lot Size 0.12 acres
Stories 2
Year Built 1926
Property Type Duplex
Subdivision Newlands Terrace
STR Jurisdiction Washoe County
APN 011-203-02
Parking
Total Parking 2
Parking Features Tandem
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction Brick, Concrete, Shingle Siding
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Full Perimeter, Stone
Utilities & Systems
Heating Forced Air, Natural Gas, Wall Furnace
Cooling Central Air
Financial
Annual Tax $1,364
Schools
Elementary School Hunter Lake
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
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% ($178,000)
Home price
$889,999
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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