$575,000 Active
861 Aitken Street
Reno, NV 89502

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STR Status Unknown
4 Beds
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Our data on this home

Home insurance $1,200 – $1,700/yr Standard homeowners policy

About This Property

2 houses on a .14 acres parcel in the heart of Renown Medical District. House 1 is a 2/1 with 1044 sqft and House 2 is a 2/1, 1044 sqft with a basement about 1000sqft. Long time tenants since 1990/2003 paying below market rent. A rental analysis for a proforma rent rate is 1750-1850 per month, see attached document. This property has redevelopment opportunity and Zoned MU.

Listed by Andrea Cassidy — PMI Reno

Listing Details

Status Active
MLS # 260009561
Days on Market 103

Property History

Jul 24, 2026
Listed for sale
$575,000
Property Overview
Beds 4
Lot Size 0.14 acres
Stories 1
Year Built 1964
Property Type Duplex
Subdivision Aitken Addition
APN 012-122-14
Parking
Parking Features Alley Access, Common
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Brick, Other, See Remarks
Roof Composition, Pitched, Shingle
Foundation Other, Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $1,279
Schools
Elementary School Booth
Middle School Vaughn
High School Wooster
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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~— per month
Avg Nightly
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Occupancy
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Cap Rate
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Home Insurance Estimate

Standard homeowners policy for this home

$1,200 – $1,700/yr
about $121/mo
Est. Rebuild Cost (Coverage A)
$345,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$3,136 per month
Principal & interest
$2,908/mo
Property taxes
$107/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$121/mo
Estimated ~$1,200–$1,700/yr — get a local broker quote for accuracy.
Down payment
20% ($115,000)
Home price
$575,000
Loan details
30-yr fixed, 6.5%
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