$450,000 Active
304 Lorraine Court
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
3.0 Baths
·
1,807 Sq Ft

About This Property

Welcome to the highly desirable Parkwood Townhome community, where resort-style amenities and a peaceful setting create an exceptional place to call home. Residents enjoy access to a sparkling pool, tennis courts, clubhouse with fitness center, and beautifully maintained mature landscaping, all cared for by the HOA. Situated on a desirable end lot with a large adjacent grass area - this home has a backyard patio with pergola and well-maintained garden beds. This spacious 1,802-square-foot townhome offers privacy, peace, and a comfortable, functional floor plan. Conveniently located near shopping, dining, and everyday conveniences, the home is also within walking distance of the Atlantis Casino, Convention Center, and Old Town Mall, yet feels tucked away in a quiet, tree-lined neighborhood. The main level features a welcoming living area, dining space, kitchen, full bathroom, and a versatile office/den that can easily serve as a home office, or third bedroom. Upstairs, a loft-style hallway includes a conveniently located laundry area and a large walk-in linen closet. Two generously sized ensuite bedrooms provide comfort and privacy, including a private balcony overlooking the beautifully landscaped backyard—an ideal spot for morning coffee or evening relaxation. Lovingly maintained and move-in ready, this home offers the perfect combination of comfort, convenience, and low-maintenance living. Buyers and agents are encouraged to verify all information and perform their own due diligence.

Listed by Teri Bartl — Ferrari-Lund Real Estate South

Listing Details

Status Active
MLS # 260007901
Days on Market 1
Price/Sq Ft $249

Property History

Jun 19, 2026
Listed for sale
$450,000
Property Overview
Beds 2
Baths 3.0
Sq. Ft. 1,807
Stories 2
Year Built 1979
Property Type Townhouse
Subdivision Willowbrook 2
STR Jurisdiction Washoe County
APN 024-212-33
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $1,846
HOA Fee $515 / Monthly
HOA / Community Parkwood
Schools
Elementary School Huffaker
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Fitness Center, Landscaping, Pool, Recreation Room, Sauna, Spa/Hot Tub, Tennis Court(s)
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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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($90,000)
Home price
$450,000
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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