$687,000 Active Under Contract
442 E 7th Street #1 & 2
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·

About This Property

Modern and immaculate duplex built in 2020 with strong rental history and a high cap rate. Both units are mostly furnished and leased, offering stable, long-term income. Tenants have expressed intent to stay, creating a seamless transition for investors. Each unit features private balconies, solar panels, and private carport parking with garage door openers. Prime location near UNR and downtown amenities makes this property ideal for long-term rental or future Airbnb potential. Located just minutes from the university, downtown, shopping, dining, and parks — this is one of the most sought-after areas for both long-term tenants and short-term rental potential. Walkable, bike-friendly, and close to key commuter routes. Whether you're looking for a plug-and-play investment or long-term portfolio growth, this rare, turn-key duplex offers both flexibility and prime location appeal.

Listed by Sage Ball — LPT Realty, LLC

Listing Details

Status Active Under Contract
MLS # 250055789
Days on Market 238

Property History

Mar 12, 2026
Listed for sale
$687,000
Current
Pending
$687,000
Property Overview
Beds 4
Lot Size 0.03 acres
Stories 2
Year Built 2020
Property Type Duplex
Subdivision Evans Northeast Addition
STR Jurisdiction Washoe County
APN 007-233-06
Parking
Total Parking 2
Parking Features Alley Access, Assigned, Attached, Carport, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
Construction Frame, Wood Siding
Roof Asphalt, Composition, Pitched
Foundation Slab
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Refrigerated
Financial
Annual Tax $3,572
Schools
Elementary School Booth
Middle School Vaughn
High School Wooster
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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% ($137,400)
Home price
$687,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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