$498,000 Active
640 Nancy Circle
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,293 Sq Ft
Virtual Tour

About This Property

This charming single-level home in Old Northwest Reno has been refreshed with new stainless steel appliances, new carpet, and fresh interior paint, creating a bright and welcoming atmosphere throughout. The comfortable floorplan features a spacious living room with a wood-burning fireplace, perfect for gathering with family and friends or relaxing at the end of the day. The open floorplan flows easily between the living spaces, with three bedrooms and two full bathrooms provide flexibility for guests, a home office, or growing households. Conveniently located near the University of Nevada, Reno, this home offers easy access to local restaurants, shopping, parks, and everyday amenities. Enjoy seasonal events and entertainment in downtown Reno, stroll or bike along the scenic Truckee River, and take advantage of the area's endless outdoor recreation opportunities. From skiing and snowboarding in the winter to boating, hiking, and golfing in the summer, Lake Tahoe is just a short drive away.

Listed by Jack Cote — RE/MAX Gold

Listing Details

Status Active
MLS # 260007006
Price/Sq Ft $385

Property History

Jun 03, 2026
Listed for sale
$498,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,293
Lot Size 0.14 acres
Stories 1
Year Built 1971
Property Type Single Family Residence
Subdivision Nancy Heights 1
STR Jurisdiction Washoe County
APN 005-092-24
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Level, Sloped Down
View Mountain(s)
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,360
Schools
Elementary School Warner
Middle School Clayton
High School McQueen
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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% ($99,600)
Home price
$498,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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