$495,000
Active
507 Burns Street
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
1.0
Baths
·
882
Sq Ft
About This Property
This charming 2-bedroom, 1-bathroom home is located in the heart of Reno, NV and offers both comfort and convenience. Recently remodeled in 2022, the home features updated flooring and sleek stainless steel appliances, creating a modern and inviting living space. Centrally located, you'll be just minutes from shopping centers, restaurants, and the VA Hospital, making everyday living incredibly convenient. The property also offers easy, low-maintenance landscaping, with xeriscape turf in the backyard and a small patch of grass in the front yard—perfect for simple upkeep without sacrificing outdoor enjoyment.
Listed by Amanda Bludworth — New Dimensions, Inc.
Listing Details
Status
Active
MLS #
260003741
Days on Market
36
Price/Sq Ft
$561
Property History
Apr 01, 2026
Listed for sale
$495,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
882
Lot Size
0.08 acres
Stories
1
Year Built
1939
Property Type
Single Family Residence
Subdivision
Burke'S Addition
APN
013-172-24
Parking
Total Parking
2
Parking Features
None
Exterior & Lot
Exterior Features
None
Lot Features
Gentle Sloping, Landscaped, Level, Sprinklers In Front
Roof
Composition, Pitched
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air, Natural Gas
Financial
Annual Tax
$743
Schools
Elementary School
Veterans
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% ($99,000)
Home price
$495,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
