$575,000
Active
861 Aitken Street
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4
Beds
·
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
1
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
STR Jurisdiction
Washoe County
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
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% ($115,000)
Home price
$575,000
Loan details
30-yr fixed, 6.5%
