$355,000
Active Under Contract
127 Cheney Street
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
1.0
Baths
·
786
Sq Ft
About This Property
*UPDATE*HEARING DATE SCHEDULED. PROBATE SALE Charming 2-bedroom, 1-bath home built in 1916 located in the heart of Midtown Reno. Situated within an Opportunity Zone and offering multi-use/commercial zoning, low taxes, this property presents excellent potential for homeowners, investors, or business use. Enjoy being just steps from Midtown's vibrant restaurants, bars, shops, and nightlife with the convenience of walking to some of Reno's most popular local spots. Full of character and centrally located in one of Reno's most energetic neighborhoods. Probate sale subject to court approval.
Listed by Katrina Markussen — eXp Realty
Listing Details
Status
Active Under Contract
MLS #
260003953
Days on Market
33
Price/Sq Ft
$452
Property History
Apr 04, 2026
Listed for sale
$355,000
Current
Pending
$355,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
786
Lot Size
0.09 acres
Stories
1
Year Built
1916
Property Type
Single Family Residence
Subdivision
New Southside Addition
APN
011-234-09
Parking
Total Parking
2
Parking Features
Alley Access
Exterior & Lot
Exterior Features
None
Lot Features
Level
Construction
Unknown
Roof
Shake
Foundation
Stone
Utilities & Systems
Heating
Floor Furnace, Forced Air, Natural Gas
Financial
Annual Tax
$600
Schools
Elementary School
Booth
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% ($71,000)
Home price
$355,000
Loan details
30-yr fixed, 6.5%
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