$1,350,000 Active
720 Nixon Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,451 Sq Ft
Virtual Tour

About This Property

Set in the heart of Old Southwest Reno, this thoughtfully remodeled 1926 residence blends historic character with the ease of modern living. A welcoming covered front porch and custom steel entry door set the tone from the moment you arrive, leading into a warm and elevated interior anchored by hickory wood floors, a classic wood-burning fireplace, and abundant natural light pouring through energy-efficient Windsor windows, all complemented by recessed lighting and remote-controlled Hunter Douglas blinds throughout the entire house. At the center of the home, the kitchen is designed for both everyday living and effortless entertaining. Granite slab countertops, a glass tile backsplash, and a full Viking appliance suite are paired with custom maple cabinetry featuring under-cabinet lighting and soft-close drawers, an extra-deep stainless steel farmhouse sink, a large center island with bar seating, and a spacious pantry bringing together style and function in equal measure. The 800 square foot primary suite is a private retreat in every sense. A generous walk-in closet with custom built-ins opens into a spa-inspired bath featuring an oversized triple-head shower with a custom glass enclosure, dual vanities with Grohe fixtures, and a jetted soaking tub. A usable basement provides ample built-in storage, a home gym, and additional living needs. Outside, the private backyard is framed by mature landscaping and designed for year-round enjoyment — a paver patio, outdoor fireplace, al fresco dining area, and hot tub create a seamless extension of the home's living spaces. The detached garage, accessed from the alley, has been transformed into a fully finished indoor-outdoor lounge and bar complete with mini-split climate control, a beverage fridge, granite countertops, and a pass-through window that opens directly to the backyard for indoor/outdoor living. Located just moments from Midtown, parks, and local favorites, this home is a rare find — a piece of Reno's architectural history, thoughtfully brought into the present.

Listed by Kelly Tripp — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260004217
Days on Market 28
Price/Sq Ft $551

Property History

Apr 09, 2026
Listed for sale
$1,350,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,451
Lot Size 0.12 acres
Stories 2
Year Built 1926
Property Type Single Family Residence
Subdivision Newlands Terrace
APN 011-253-16
Parking
Garage Spaces 1
Parking Features Alley Access, Detached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Artificial Turf, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Construction Brick, Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,921
Schools
Elementary School Mt. Rose
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% ($270,000)
Home price
$1,350,000
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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