$599,900 Active Under Contract
675 College Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. Mount Rose Chalets HOA allows short-term rentals.
3 Beds
·
2.0 Baths
·
1,749 Sq Ft

About This Property

This beautifully updated and meticulously maintained single-story home is ideally located within walking distance of UNR and Rancho San Rafael Park. Truly turn-key and move-in ready, it features vaulted ceilings and an inviting, open layout. Step into a spacious living and dining area filled with natural light. The kitchen offers granite countertops, tile backsplash, an undermount sink, stainless steel appliances (refrigerator included), and a striking high-peaked ceiling with skylight. A breakfast bar opens to the welcoming family room, complete with a wood-burning fireplace, wet bar, natural wood ceiling, and two additional skylights with remote-controlled shades. A sliding glass door leads to the backyard, creating seamless indoor-outdoor living. The primary and guest bathrooms have been tastefully remodeled with granite counters, tile backsplash, dual vanities, and undermount sinks. The primary suite features double-door entry, a walk-in closet, a pocket door into the bathroom with a glass enclosed walk-in shower. Additional highlights include: Mitsubishi split system in the primary suite (heating, cooling, and humidifier). Central AC and heat throughout, Ceiling fans in all bedrooms and living room. Raised panel interior doors and brushed nickel fixtures. Ecobee smart thermostat. Ceramic tile flooring in entry, kitchen, bathrooms, and laundry. Laundry room with abundant cabinetry (washer & dryer included). Finished and insulated garage (including garage door). Approx. 4K ADT installed security system. This energy-efficient home includes added attic insulation and recently replaced skylights. Enjoy low-maintenance xeriscaped front and back yards with mature trees and a spacious 30-foot wood deck—perfect for entertaining or watching the famous Reno Balloon Races. Newer paver driveway and front porch. Rain gutters with new leaf guard system. Potential RV access (with minor modification). No HOA. Furniture negotiable.

Listed by Steve Blane — Ferrari-Lund Real Estate Reno

Listing Details

Status Active Under Contract
MLS # 260005656
Days on Market 1
Price/Sq Ft $343

Property History

May 07, 2026
Listed for sale
$599,900
Current
Pending
$599,900
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,749
Lot Size 0.16 acres
Stories 1
Year Built 1983
Property Type Single Family Residence
Subdivision College Town
APN 002-051-08
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level
View Mountain(s)
Construction Stucco
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,196
Schools
Elementary School Peavine
Middle School Clayton
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% ($119,980)
Home price
$599,900
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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