$465,000 Active
1241 W Newlands Drive
Fernley, NV 89408
STR Status Unknown
4 Beds
·
2.0 Baths
·
1,800 Sq Ft

About This Property

***PLEASE NOTE THAT THIS PROPERTY IS BEING SOLD WITH THE PROPERTY THAT SHARES THE COMMON WALL: 1235 W. NEWLANDS, APN# 020-331-03. ALL LISTING INFORMATION INCLUDES BOTH PARCELS. ***1235 W. NEWLANDS IS TENANT OCCUPIED, LEASE IS MONTH TO MONTH.*** *** 48 HRS NOTICE REQUIRED TO SHOW.*** PLEASE SEE ATTACHED DOCS. This property is conveniently located off of HWY 80 with only a 20 min commute to TRIC. It is close to shopping, dining, and Renown Urgent Care. There is a private backyard ready for landscaping and a spacious patio to sit out front. Refrigerator in kitchen is included. Washer and dryer do not convey with property. This is a wonderful investment opportunity to lease both properties or to occupy one while conveniently leasing out the other.

Listed by Rachael Eberle — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 250051956
Days on Market 318
Price/Sq Ft $258

Property History

Jun 23, 2025
Listed for sale
$465,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,800
Lot Size 0.21 acres
Stories 1
Year Built 1982
Property Type Single Family Residence
Subdivision Sandia Ph 3A
APN 020-331-04
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Natural Gas, Wall Furnace
Cooling Evaporative Cooling, Wall/Window Unit(s)
Financial
Annual Tax $2,218
Schools
Elementary School Cottonwood
Middle School Fernley
High School Fernley
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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% ($93,000)
Home price
$465,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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