$3,095 Active
701 Bowman Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,026 Sq Ft

About This Property

WELCOME TO 701 BOWMAN, A BEAUTIFULLY MAINTAINED HOME IN HIGHLY DESIRABLE NORTHWEST RENO! This CHARMING RETREAT combines MODERN COMFORT, BRIGHT OPEN LIVING SPACES, and a PRIME LOCATION just minutes from DOWNTOWN RENO, dining, shopping, entertainment, and major commuter routes. Inside, you'll find an abundance of NATURAL LIGHT, a SPACIOUS LIVING AREA, and a WELL-APPOINTED KITCHEN featuring MODERN APPLIANCES, AMPLE CABINET SPACE, and a convenient BREAKFAST BAR. The PRIVATE PRIMARY SUITE offers generous closet space and an EN-SUITE BATH, while additional bedrooms provide flexibility for family, guests, or a home office. Step outside to your EXPANSIVE BACKYARD OASIS, perfect for relaxing, entertaining, or firing up the BBQ with friends. With nearby PARKS, WALKING TRAILS, and RECREATIONAL AMENITIES, this home offers the perfect blend of CONVENIENCE, COMFORT, and the NORTHWEST RENO LIFESTYLE. MUST SEE TO APPRECIATE! Pets considered upon approval. Tenant responsible for all utilities, with sewer and trash remaining in the owner's name and billed back at 59.08/month for sewer and 25.20/month for trash. Security deposit equals one month's rent. Approved pets require a 1,000 refundable deposit and 50/month per animal. A 250 non-refundable administration fee is due at lease signing, along with a 50 non-refundable application fee per applicant.

Listed by Penny Johnson — Blue Sierra Realty

Listing Details

Status Active
MLS # 260007111
Price/Sq Ft $2

Property History

Jun 04, 2026
Listed for sale
$3,095
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,026
Lot Size 0.20 acres
Stories 1
Year Built 1958
Property Type Single Family Residence
Subdivision Elmcrest Heights 5
STR Jurisdiction Washoe County
APN 006-032-20
Parking
Garage Spaces 2
Parking Features Garage, None
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level
View Mountain(s)
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Electric, Natural Gas
Schools
Elementary School Elmcrest
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% ($619)
Home price
$3,095
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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