$599,000 Active Under Contract
63 Chance Lane
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

This 5 acre parcel is a great opportunity to build your dream home and even have a family compound if desired. The pleasant valley lot is zoned for multiple parcels with city water, sewer and electric utilities on property. No HOA. Located off Rhodes Road in South Reno. Panoramic views include Mt. Rose, Slide Mountain and the Sierra Nevada Range . CCnR's TBD and there will be a private road maintenance agreement. Regular financing welcome, seller is willing to owner carry for financing, and open to a co venture, call for details. Seller is a contractor and willing to erect a metal building. Additional lots available for purchase. Listing agent is related to Seller. Use address 1221 Chance Lane for navigational purposes, the lots are surrounding the immediate area.

Listed by Kayla Hoog-Fry — Ferrari-Lund Real Estate Reno

Listing Details

Status Active Under Contract
MLS # 250056537
Days on Market 247

Property History

Oct 01, 2025
Listed for sale
$599,000
Current
Pending
$599,000
Property Overview
Lot Size 4.50 acres
Property Type Land
STR Jurisdiction Washoe County
APN 01741063
Exterior & Lot
Lot Features Corner Lot, Level
View Desert, Mountain(s), Peek, Rural, Ski Resort
Financial
Annual Tax $1,883
Schools
Elementary School Brown
Middle School Marce Herz
High School Galena
📊

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
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% ($119,800)
Home price
$599,000
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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