$240,000 Active
200 W 2nd Street #APT 1506
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
709 Sq Ft

About This Property

Experience downtown Reno living at it's finest in this exquisite 1-bedroom, 1-bath condominium located on the 15th floor of Riverwalk Towers. This move-in ready unit features two private balconies offering expansive city views, Sierra mountains, and the beautiful Truckee River. Enjoy resort-style amenities including a year-round pool and hot tub, BBQ and outdoor entertaining area, fully equipped fitness center, secured gated garage parking, dedicated storage space, and secured lobby/building access. Ideally located just steps from the Truckee River, West Street market, restaurants, and all the events and entertainment that downtown Reno has to offer. The washer, dryer, and refrigerator are included. Stylish and turnkey, this condo is an excellent opportunity for full-time living or a fantastic investment. Schedule a showing today to see Riverwalk Towers Unit 1506 in person. Seller is participating in a 1031 Exchange at no cost to the buyer.

Listed by Mosstafa Mandegary — RE/MAX Gold

Listing Details

Status Active
MLS # 260002628
Days on Market 59
Price/Sq Ft $339

Property History

Mar 10, 2026
Listed for sale
$240,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 709
Lot Size 0.02 acres
Stories 1
Year Built 1978
Property Type Condominium
APN 011-496-24
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s), Trees/Woods
Construction Stucco
Roof Flat, Tar/Gravel
Foundation Crawl Space
Pool & Spa
Pool In Ground, Outdoor Pool, Pool/Spa Combo
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $1,221
HOA Fee $789 / Monthly
HOA / Community Western Nevada Management, Inc
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Fitness Center, Gated, Pool, Spa/Hot Tub, Storage
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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% ($48,000)
Home price
$240,000
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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