$1,850,000 Active Under Contract
581 Ridge Street
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
3,662 Sq Ft
Virtual Tour

About This Property

Steeped in Reno history and rich architectural character, the Benham House is a rare opportunity to own a beautifully preserved Tudor Revival home designed by renowned Nevada architect Frederic Joseph DeLongchamps. Built in 1930, this iconic residence blends timeless craftsmanship with thoughtful modern updates, creating a home that honors its past while embracing today's comforts. Inside, the home's picture-perfect living room serves as the heart of the residence, anchored by a stunning oversized fireplace and framed by the charm and architectural details that define DeLongchamps' work. The home's kitchen, bathrooms, HVAC, electrical, and landscaping have all been carefully updated, ensuring modern functionality without sacrificing historic character. Outside, the property continues to impress with beautiful garden spaces and two distinct outdoor living areas. A private courtyard provides a peaceful setting for morning coffee or intimate gatherings, while the backyard patio offers an ideal space for entertaining beneath Reno's open skies. Located in one of Reno's most sought-after historic neighborhoods, the home offers exceptional convenience just moments from the Truckee River, a short drive to the Reno-Tahoe International Airport, and walkability to many of the city's favorite restaurants and local spots including Wingfield Park and the Riverwalk. Historic charm, architectural significance, and modern livability come together seamlessly at this Ridge Street landmark.

Listed by Tyler Barrette — Sierra Sotheby's International

Listing Details

Status Active Under Contract
MLS # 260003678
Days on Market 37
Price/Sq Ft $505

Property History

Mar 31, 2026
Listed for sale
$1,850,000
Current
Pending
$1,850,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,662
Lot Size 0.23 acres
Stories 2
Year Built 1930
Property Type Single Family Residence
Subdivision Newlands Heights
APN 011-141-11
Parking
Garage Spaces 1
Total Parking 3
Parking Features Detached, Garage, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Landscaped, Level, Sprinklers In Rear
View Trees/Woods
Construction Brick
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Electric, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas, Radiant, Radiant Floor
Cooling Central Air, Electric, ENERGY STAR Qualified Equipment
Financial
Annual Tax $3,494
Schools
Elementary School Beck
Middle School Swope
High School Reno
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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% ($370,000)
Home price
$1,850,000
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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