$399,000 Active
230 Medgar Avenue
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,680 Sq Ft
Virtual Tour

About This Property

WOW! 2.59 Deeded Acres with development potential, this is the BEST VALUE LAND in North Valleys! VA BUYERS - This freshly updated home qualifies for VA Financing! Ask the listing agent about the preferred lender incentives. Home ownership is a breeze because the Seller has already installed brand new furnace, central AC and kitchen appliances. Fresh paint & flooring! Enjoy plenty of space on the MASSIVE LOT! This wonderful 2.59 Acre property has a large home and lots of land, this is a great property with a developmental upside. Walking distance to new Amazon warehouse. Large open floor plan. Great property with a large home. Primary Bedroom on one end and the rest of the bedrooms on the other. Home shares a well with the neighbor and has a recorded well agreement, well inspection already completed and on file. Ask Listing Agent about development potential. This home has been moved once, and financing guidelines do not allow it to go FHA or CONV but it CAN go VA. Other options are Cash, Private Financing or Seller with heavy downpayment and >2 years repayment terms.

Listed by Alyssa McDermott — Stitser Properties

Listing Details

Status Active
MLS # 250057170
Days on Market 197
Price/Sq Ft $238

Property History

May 06, 2026
Listed for sale
$399,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,680
Lot Size 2.59 acres
Stories 1
Year Built 1986
Property Type Manufactured Home
APN 570-263-13
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping
Roof Composition, Pitched, Shingle
Foundation 8-Point
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Refrigerated
Financial
Annual Tax $1,387
Schools
Elementary School Smith, Alice
Middle School OBrien
High School North Valleys
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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% ($79,800)
Home price
$399,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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