$599,000 Active Under Contract
1970 Royal Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,580 Sq Ft

About This Property

Location, Views, and some News... New Sewer Line, New 50 Year Roof, New Carpet, New Breaker Panel, New Chimney Crowns and more. This home is centrally located in Old Northwest with quick access to freeway, grocery store, local pubs, Coffee houses, and many popular QSR favorites. Enjoy the stunning Mountain and City Views from your private backyard in the desired subdivision of Royal Heights, Or, cozy up inside to one of the TWO fireplaces. The home has a 2 car garage and 3 space driveway parking with additional side gated Trailer/Camper Parking. This home has been exceptionally maintained and comes with hardwood flooring that has always been covered. This Gem is ready for a new owner and any additional upgrades. Don't miss this one.

Listed by Lori Gemme — NVG Properties LLC

Listing Details

Status Active Under Contract
MLS # 260004303
Days on Market 27
Price/Sq Ft $379

Property History

Apr 10, 2026
Listed for sale
$599,000
Current
Pending
$599,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,580
Lot Size 0.30 acres
Stories 1
Year Built 1963
Property Type Single Family Residence
Subdivision Royal Heights 2
APN 002-384-05
Parking
Garage Spaces 2
Total Parking 3
Parking Features Additional Parking, Garage, Garage Door Opener, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Valley
Construction Frame
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,137
Schools
Elementary School Elmcrest
Middle School Clayton
High School Reno
📊

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% ($119,800)
Home price
$599,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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