$700,000 Active
611 Nixon Avenue
Reno, NV 89509
STR Status Unknown
3 Beds
·
2.0 Baths
·
1,304 Sq Ft

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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 & 3 potential bedrs. 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! Back in the 20's this was a 3 bed 1 bath house. There is a room in the basement with a closet and a window. With a converted garage.

Listed by Jonathan Wornardt — eXp Realty, LLC

Listing Details

Status Active
MLS # 260012628
Days on Market 3
Price/Sq Ft $537

Property History

Oct 01, 2026
Listed for sale
$700,000
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
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, Sprinklers In Front, Wooded
View Trees/Woods
Construction Frame, Stucco
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Hot Water, Natural Gas
Financial
Annual Tax $1,755
Schools
Elementary School Beck
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

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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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

$3,878 per month
Principal & interest
$3,540/mo
Property taxes
$146/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
$192/mo
Estimated ~$1,900–$2,700/yr — get a local broker quote for accuracy.
Down payment
20% ($140,000)
Home price
$700,000
Loan details
30-yr fixed, 6.5%
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