$185,000 Active
3865 E Leonesio Drive #APT G1
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
696 Sq Ft

About This Property

Seller financing available at 4.99% w/ min 20% down! Reach out for details. Comfort, convenience, and beautiful mountain views come together in this charming 1-bedroom, 1-bath condo in Reno's University Ridge area. Surrounded by mature trees, this home offers a peaceful setting with a private patio that's perfect for relaxing after a long day. Inside, you'll find stylish luxury vinyl plank flooring and a bright kitchen complete with a refrigerator, dishwasher, stove, and microwave. Enjoy meals in the separate dining area, plus the convenience of an assigned covered parking space. The HOA takes care of exterior maintenance, making life easier. Just minutes from UNR, downtown Reno, shopping, restaurants, parks, and easy freeway access, this is a great opportunity for first-time buyers, students, or investors looking for low-maintenance living in a prime location.

Listed by Paul Dunham — Elevate Realty

Listing Details

Status Active
MLS # 260008188
Days on Market 1
Price/Sq Ft $266

Property History

Jun 25, 2026
Listed for sale
$185,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 696
Lot Size 0.02 acres
Stories 1
Year Built 1983
Property Type Condominium
Subdivision Clearacre Garden 2
STR Jurisdiction Washoe County
APN 035-141-07
Parking
Total Parking 1
Parking Features Additional Parking, Carport
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Common Area, Greenbelt, Level
View City, Mountain(s)
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Electric, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Financial
Annual Tax $299
HOA Fee $417 / Monthly
HOA / Community Clearacre Garden No 2 Homeowners Association
Schools
Elementary School Allen
Middle School Desert Skies
High School Hug
HOA & Community
Community Amenities Landscaping, Parking, Pool
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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% ($37,000)
Home price
$185,000
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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