$995,000 Active
825 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.
1 Beds
·
2.0 Baths
·
2,869 Sq Ft
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About This Property

A 1925 Spanish Colonial Revival home on a 10,000-square-foot lot in Midtown is something you simply don't see very often. Beyond the arched entry and red tile roof, the home retains the details that give it character—graceful interior archways, hardwood floors and a welcoming living room fireplace—while a brand-new kitchen brings the house firmly into the present. The kitchen features an oversized island, generous cabinetry, stone countertops, a farmhouse sink and professional-style appliances. A primary suite on the main level adds everyday convenience. Downstairs, the large finished basement has a personality all its own, with a second fireplace, full bathroom and an original bar from Reno's iconic Mapes Hotel. Two additional finished rooms offer flexible space for offices, studios, fitness rooms, hobby rooms or other uses. These rooms are not recognized as bedrooms by the Washoe County Assessor. Above the detached garage, separate guest quarters include a kitchen and full bathroom, creating additional flexibility for visitors, a private workspace or extended stays. The backyard is what truly separates this property from most Midtown homes. Mature trees provide exceptional shade and privacy around a large swimming pool, lawn and multiple areas for outdoor dining and entertaining. Offered at $995,000, the property is priced to reflect the remaining improvements and presents a rare opportunity to finish a distinctive Midtown home according to your own vision. The setting, lot size, architecture and versatility are already here—the next owner gets to complete the story.

Listed by Aaron Warburton — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260011398
Days on Market 3
Price/Sq Ft $347

Property History

Sep 03, 2026
Listed for sale
$995,000
Property Overview
Beds 1
Baths 2.0
Sq. Ft. 2,869
Lot Size 0.23 acres
Stories 2
Year Built 1925
Property Type Single Family Residence
Subdivision Newlands Manor
STR Jurisdiction Washoe County
APN 011-284-07
Parking
Garage Spaces 1
Total Parking 5
Parking Features Carport, Detached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
Construction Plaster, Stucco, Other
Roof Composition, Flat, Membrane, Pitched, Shingle
Foundation Slab
Pool & Spa
Pool In Ground, Outdoor Pool
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $3,952
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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
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