$1,050,000 Active Under Contract
665 La Rue 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

Excellent opportunity to own an investment property in Old Southwest Reno offering charm, flexibility, and income potential all on one property. Nestled in one of Reno's most desirable and established neighborhoods, 665 La Rue Ave. blends timeless brick curb appeal with extensive modern updates and versatile living arrangements. The main residence features approximately 1060 square feet with 2 bedrooms and 1 bathroom, showcasing updated finishes, warm natural light, and an inviting atmosphere that instantly feels like home. Recent improvements include a new roof, new windows, new flooring, beautifully updated bathrooms, and a remodeled kitchen complete with stainless steel appliances, rich cabinetry, stone-inspired countertops, and a gas range. Beyond the main home, the property includes an additional duplex structure consisting of a one-bedroom unit and a studio unit with a shared laundry area, creating exceptional flexibility for multigenerational living, guest accommodations, rental income, or investment opportunities. Set on a lush, beautifully landscaped lot with mature trees and expansive grassy areas, the outdoor spaces offer room to entertain, garden, relax, or simply enjoy Reno's four-season lifestyle. Properties offering this level of versatility, character, updates, and location rarely become available in Old Southwest Reno. Whatever you're searching for, a primary residence with supplemental income potential or a unique investment opportunity, 665 La Rue Ave. delivers exceptional possibilities.

Listed by Kristine Calder — Haute Properties NV

Listing Details

Status Active Under Contract
MLS # 260006843
Days on Market 7

Property History

May 29, 2026
Listed for sale
$1,050,000
Current
Pending
$1,050,000
Property Overview
Beds 3
Lot Size 0.17 acres
Stories 2
Year Built 1939
Property Type Triplex
Subdivision Marker Tract
STR Jurisdiction Washoe County
APN 011-311-10
Parking
Parking Features Alley Access, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
Construction Brick, Concrete, Stucco
Roof Composition, Pitched, Shingle
Foundation Slab, Crawl Space
Utilities & Systems
Heating Forced Air, Oil
Cooling Varies By Unit
Financial
Annual Tax $2,030
Schools
Elementary School Mt. Rose
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% ($210,000)
Home price
$1,050,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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