$875,000
Active
1035 N Sierra Street
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
Owner financing available, call for details. Development parcel with teardown shell, ready for up to 28 units. Right across from UNR, student housing is in high demand. Seller has concept plans that were received favorably at the City. Previous use left 13 hookups to water and sewer, should be transferable to new owner at development credits. Seller has spent years getting it to the stage.
Listed by Tim Lambdin — NextHome Yourpickettfence Group
Listing Details
Status
Active
MLS #
250052364
Days on Market
321
Property History
Jan 09, 2026
Listed for sale
$875,000
Property Overview
Lot Size
0.18 acres
Property Type
Land
Subdivision
University Addition
STR Jurisdiction
Washoe County
APN
007-153-17
Exterior & Lot
View
City, Mountain(s), Valley
Financial
Annual Tax
$888
Schools
Elementary School
Elmcrest
Middle School
Clayton
High School
Reno
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% ($175,000)
Home price
$875,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
