$740,000 Active
650 Denslowe Drive
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
8 Beds
·

About This Property

Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.

Listed by Jacqueline Lescott — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260001005
Days on Market 127

Property History

Jan 29, 2026
Listed for sale
$740,000
Property Overview
Beds 8
Lot Size 0.14 acres
Stories 2
Year Built 1952
Property Type Quadruplex
Subdivision Sterling Village
STR Jurisdiction Washoe County
APN 008-013-08
Parking
Total Parking 6
Parking Features Common
Exterior & Lot
Exterior Features Balcony
Lot Features Landscaped, Level
Construction Frame, Wood Siding
Roof Flat
Foundation Slab
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s), Varies By Unit
Financial
Annual Tax $1,020
Schools
Elementary School Lemelson Stem Academy
Middle School Traner
High School Hug
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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% ($148,000)
Home price
$740,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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