$535,000 Active
865 Munley Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,225 Sq Ft

About This Property

This well charming and maintained home offers comfort with modern updates. Key interior features include fully remodeled kitchen with durable LVP floors, soft close cabinets, water heater and newer appliances. Both bathrooms have been beautifully remodeled. A new HVAC system with triple-pane windows provide excellent insulation and year-round comfort. Original oak hardwood floors throughout and the woodburning fireplace create a sense of timeless warmth. The exterior features include a new front door, rain gutters and an insulated garage door with a new opener. Designed for both relaxation and functionality, the backyard is a retreat complete with a covered patio, garden beds, a fire pit, custom accent lighting, and a handy tool shed. Located in a friendly and convenient neighborhood, this property offers a quick commute to the University of Nevada, Downtown Reno, and the Reno-Tahoe International Airport. With nearby access to major highways and an abundance of local parks and recreational opportunities, this home puts the very best of Reno at your doorstep. Other Positives: Property taxes are LOW and do not re-assess at the point of sale. There is no HOA. Please note that the 3rd guest bedroom has a small cabinet for a closet and has been used as an office. Sellers will review all offers on Monday June 8th. Please submit not later than 3:00 PM.

Listed by Greta Mestre — Dickson Realty - Damonte Ranch

Listing Details

Status Active
MLS # 260007173
Price/Sq Ft $437

Property History

Jun 05, 2026
Listed for sale
$535,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,225
Lot Size 0.16 acres
Stories 1
Year Built 1957
Property Type Single Family Residence
Subdivision Elmcrest Heights 4
STR Jurisdiction Washoe County
APN 006-031-13
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
Construction Asbestos
Roof Composition
Foundation Concrete Perimeter, Crawl Space, Raised
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $854
Schools
Elementary School Elmcrest
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
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% ($107,000)
Home price
$535,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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