$635,000 Active
640 Rosewood Drive
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,470 Sq Ft

About This Property

Opportunity knocks in Reno's highly sought-after Old Southwest. If you've been dreaming of the charm, mature trees, established streets, and unbeatable location that make 89509 one of Reno's most desirable zip codes, this could be your chance. With nearly 2,500 square feet of living space including a finished basement, this 4-bedroom, 2-bath home offers the size that's increasingly hard to find at this price point. The floor plan is functional, the curb appeal is classic with a charming partial brick exterior, and the .21-acre lot is filled with mature landscaping that creates a private, peaceful setting. The home is ready for its next chapter and offers tremendous upside for buyers who aren't afraid to bring their ideas and create something special. Whether you're looking to renovate and build equity, customize your forever home, or invest in one of Reno's most established neighborhoods, the potential here is undeniable. Enjoy the character and convenience of Old Southwest with easy access to Midtown, Downtown Reno, parks, restaurants, shopping, and some of the area's most beloved neighborhoods. Properties with this much space, this much potential, and this kind of location rarely come along at this price.

Listed by Shirley Larkins — Nevada Real Estate Connections

Listing Details

Status Active
MLS # 260006904
Price/Sq Ft $257

Property History

May 30, 2026
Listed for sale
$635,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,470
Lot Size 0.21 acres
Stories 1
Year Built 1960
Property Type Single Family Residence
Subdivision West Rose Park 1
STR Jurisdiction Washoe County
APN 019-660-11
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Multiple Entry Flat or Ramped
Lot Features Greenbelt, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Park/Greenbelt
Construction Brick Veneer
Roof Composition
Foundation Slab
Utilities & Systems
Heating Oil
Financial
Annual Tax $1,261
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

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% ($127,000)
Home price
$635,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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