$449,000 Active
988 Gear Street
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
910 Sq Ft

About This Property

Charming Old Northwest Reno Bungalow blending classic with 1950's character with thoughtful updates and comfortable living. This inviting 2-bedroom 1-bath home features a well-arranged and efficient floor plan with abundant natural light, a welcoming fireplace, built-ins that add warmth and character, and a over all cozy atmosphere throughout. Recent updates include an updated kitchen with gas stove, updated bathroom, some updated plumbing and waterlines, fresh interior paint, updated vinyl windows, and air conditioning. The large shed adds flexibility for storage, hobbies, or additional workspace, while the outdoor areas offer room to relax and enjoy the beauty of Old Northwest Reno. Ideally located near Rancho San Rafael Park, UNR, downtown Reno, and i80 access, this home offers timeless charm, functionality, and convenience in one of Reno's established.

Listed by Laurie Herring — Solid Source Realty

Listing Details

Status Active
MLS # 260006513
Price/Sq Ft $493

Property History

May 22, 2026
Listed for sale
$449,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 910
Lot Size 0.16 acres
Stories 1
Year Built 1950
Property Type Single Family Residence
Subdivision Washington Heights
APN 002-361-24
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Gentle Sloping, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Composition
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $672
Schools
Elementary School Peavine
Middle School Clayton
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% ($89,800)
Home price
$449,000
Loan details
30-yr fixed, 6.5%
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