$360,000
Active Under Contract
440 E 7th Street
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
775
Sq Ft
About This Property
Investor special in an Opportunity Zone! Zoned MD-ID with potential for rezoning and ability to split into a duplex. Buyers and buyer's agent to verify all information. Property offers excellent upside with multiple strategies—rehab and hold, redevelop, or reposition for cash flow. Prime central location near downtown, schools, and amenities. Needs some TLC but has great bones and flexibility for an investor or developer. Don't miss this chance to secure a property with strong future potential in a growth area! Great location for University of Reno Rental.
Listed by Kristi Maxwell — Realty One Group Eminence
Listing Details
Status
Active Under Contract
MLS #
250055873
Days on Market
237
Price/Sq Ft
$465
Property History
Sep 13, 2025
Listed for sale
$360,000
Current
Pending
$360,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
775
Lot Size
0.05 acres
Stories
1
Year Built
1950
Property Type
Single Family Residence
Subdivision
Evans Northeast Addition
APN
007-233-07
Parking
Total Parking
2
Parking Features
None
Exterior & Lot
Exterior Features
None
Lot Features
Level
Roof
Composition, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Wall Furnace
Financial
Annual Tax
$987
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($72,000)
Home price
$360,000
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
