$725,000
Active
611 Nixon 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
·
2.0
Baths
·
1,304
Sq Ft
About This Property
Nestled in Reno's charming Old Southwest, this distinctive property features two fully furnished Air b and b homes on one lot. Contact the listing agent to tour this property. The main home exudes classic charm with hardwood floors, vintage tile, and a cozy wood-burning fireplace. A detached 1 bed, 1bath cottage adds excellent income potential. Both homes are successful vacation rentals. Enjoy a peaceful, tree-lined street near Midtown, downtown, and the Truckee River. This walkable and picturesque neighborhood promises a delightful lifestyle. Live in one, rent the other, and embrace investment ready living in a prime location!
Listed by Jonathan Wornardt — eXp Realty, LLC
Listing Details
Status
Active
MLS #
260007480
Days on Market
1
Price/Sq Ft
$556
Property History
Jun 11, 2026
Listed for sale
$725,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,304
Lot Size
0.12 acres
Stories
1
Year Built
1920
Property Type
Single Family Residence
Subdivision
Newlands Terrace
STR Jurisdiction
Washoe County
APN
011-202-08
Parking
Total Parking
2
Parking Features
Carport, Parking Pad, Tandem
Exterior & Lot
Exterior Features
Balcony, Dog Run, Rain Gutters
Lot Features
Landscaped, Level, Wooded
View
Trees/Woods
Construction
Frame, Stucco
Roof
Composition, Pitched
Foundation
Crawl Space
Utilities & Systems
Heating
Hot Water
Financial
Annual Tax
$1,624
Schools
Elementary School
Beck
Middle School
Swope
High School
Reno
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% ($145,000)
Home price
$725,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
