$1,125,000 Active
1550 Mt Rose Street
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
812 Sq Ft

About This Property

You would never know this private oasis is right in the middle of historic Old Southwest Reno. Tucked back off Mount Rose Street, an electric gate welcomes you down the 145 foot driveway. This cozy abode sits on an expansive .39 acre lot, offering privacy and tranquility amidst lush trees and vibrant flowers. An oversize carport provides ample space for vehicles, an RV, boat, toys, or a workshop setup, an uncommon find in this area., This exquisite home was built in 1951 but remodeled in 2009. It offers a perfect blend of modern amenities and historical charm, making it an ideal residence for those who appreciate both comfort and character. The thoughtfully designed interior features granite tile countertops, LG stainless steel appliances, wood windows, a tankless water heater, a spacious bedroom, walk-in closet and spa like bathroom with stone walk in shower. The verdant surroundings provide a serene environment, perfect for relaxation and privacy. Enjoy summertime lounging by the sparkling 20 by 40 foot pool. Rinse off in the super cool custom outdoor shower. The back patio is ready for a hot tub, and there is an adorable shed for storage. For those that want space but not the large home that normally accompanies it, this is the place. Alternatively, you could turn the carport into a massive garage and add on to the existing home. Experience the rich history and vibrant community of Old Southwest Reno while enjoying the luxurious features of this beautifully maintained property. Don't miss the opportunity to make this exceptional home yours. This property is adjacent to 1555 S. Marsh Ave, which is also being offered. Please see separate listing. Together, these properties would provide someone with a family compound of 3 homes on 1.24 acres. Owner may be willing to carry a first note with favorable terms for a buyer.

Listed by Kathy Williams — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260006634
Price/Sq Ft $1,385

Property History

May 25, 2026
Listed for sale
$1,125,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 812
Lot Size 0.39 acres
Stories 1
Year Built 1951
Property Type Single Family Residence
Subdivision Fairfield Heights
APN 010-331-04
Parking
Total Parking 4
Parking Features Carport, RV Access/Parking
Exterior & Lot
Exterior Features None
Lot Features Flag Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Pool & Spa
Pool In Ground
Utilities & Systems
Heating Electric, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Financial
Annual Tax $2,026
Schools
Elementary School Beck
Middle School Swope
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% ($225,000)
Home price
$1,125,000
Loan details
30-yr fixed, 6.5%
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