$750,000 Active Under Contract
725 Gordon 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
·
2.0 Baths
·
1,734 Sq Ft

About This Property

Located in the Old Southwest, this home boasts historic character including original tile-work, working neon lights recessed in the ceiling, and a well maintained exterior showcasing its 1950's style. Upon entering, notice the wood floors, ample natural light from the large corner windows, and the rare recessed neon lighting that surrounds the living room and dining space. The living room includes an electric fireplace that can be switched to gas, and overlooks a colorful xeriscaped garden that fills with flowers from spring through late fall. A fenced yard with a paved patio and shade from the mature trees provides a low maintenance outdoor living space. This property has an original in tact floor plan; the main floor has two bedrooms with a large bathroom between them, and you will find the kitchen that overlooks the fenced patio. Upstairs has authentic German linoleum and includes a separate living area, third bedroom and original yellow tiled bathroom. The upstairs space can be used as a primary bedroom or perfect as a guest or in-law quarters. The attached 2 car garage provides off street parking, and the unfinished basement provides additional storage.

Listed by Holly Hind — Ferrari-Lund Real Estate Reno

Listing Details

Status Active Under Contract
MLS # 260004996
Days on Market 13
Price/Sq Ft $433

Property History

Apr 24, 2026
Listed for sale
$750,000
Current
Pending
$750,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,734
Lot Size 0.11 acres
Stories 2
Year Built 1952
Property Type Single Family Residence
Subdivision Newlands Terrace
APN 011-253-07
Parking
Garage Spaces 2
Total Parking 2
Parking Features Alley Access, Detached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
Construction Asbestos, Brick Veneer
Roof Composition, Pitched
Foundation Crawl Space, Full Perimeter, Pillar/Post/Pier
Utilities & Systems
Heating Electric, Forced Air, Natural Gas, Wall Furnace
Cooling Central Air, Electric, Wall/Window Unit(s)
Financial
Annual Tax $1,302
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($150,000)
Home price
$750,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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