$245,000 Active
157 Walner Street
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
480 Sq Ft

About This Property

Welcome to this charming and unique Reno property, offering an opportunity for affordable homeownership or investment potential. Situated on a fully fenced 0.115-acre lot, this 1-bedroom, 1-bath home maximizes its 480 square feet with a functional and comfortable layout. Inside, you?ll find a cozy living space filled with natural light, designed for simplicity and ease of living. New carpet and an extended space for laundry. The thoughtfully sized floor plan offers everything you need without the upkeep of a larger home perfect for those seeking a low-maintenance lifestyle. Step outside to a generously sized, fully fenced yard with plenty of room for pets, gardening, storage, or future possibilities. The outdoor space truly expands the usability of this property and offers flexibility that's hard to find at this price point. There is a shed recently installed and the exterior of the home has been painted. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this property delivers value, space where it counts, and endless potential. Conveniently located near local amenities, this home combines practicality with opportunity.

Listed by Ashley McGill — LPT Realty, LLC

Listing Details

Status Active
MLS # 260003780
Days on Market 36
Price/Sq Ft $510

Property History

Apr 02, 2026
Listed for sale
$245,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 480
Lot Size 0.12 acres
Stories 1
Year Built 1933
Property Type Single Family Residence
APN 082-262-11
Parking
Total Parking 3
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Rolling Slope, Sloped Down
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Financial
Annual Tax $390
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% ($49,000)
Home price
$245,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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Or call directly: (530) 317-0373