$389,000
Active
380 Magnolia Way
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
1,238
Sq Ft
About This Property
Discover absolute comfort in this outstanding 3 bedroom, 2 bath property, coupled with a separate, fully converted 1 bedroom garage/apartment. This home has been meticulously modernized with upgrades throughout, providing a blend of comfort, elegance, and exceptional design. The spacious main home and a supplementary guest quarter create an amazing opportunity for rental income. Beyond the splendid accommodation layout, the property features ample parking space, with additional RV parking/access, cementing its position as the ultimate functional and modern home. This unique home is ready to begin its new chapter.
Listed by Becca Martinez — Harcourts Vanguard
Listing Details
Status
Active
MLS #
260009712
Price/Sq Ft
$314
Property History
Jul 29, 2026
Listed for sale
$389,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,238
Lot Size
0.19 acres
Stories
1
Year Built
1979
Property Type
Manufactured Home
Subdivision
Valley Village 3 & 4
STR Jurisdiction
Washoe County
APN
080-532-06
Parking
Parking Features
Additional Parking, Parking Pad, RV Access/Parking
Exterior & Lot
Exterior Features
None
Lot Features
Level
View
Mountain(s)
Roof
Metal, Pitched, Shingle
Foundation
8-Point
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Wall/Window Unit(s)
Financial
Annual Tax
$722
Schools
Elementary School
Lemmon Valley
Middle School
OBrien
High School
North Valleys
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% ($77,800)
Home price
$389,000
Loan details
30-yr fixed, 6.5%
