$699,999 Active
5380 Ambrose Drive
Reno, NV 89519
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
1.5 Baths
·
1,404 Sq Ft

About This Property

Location, location, location! This West Reno property is tucked away just minutes from the Truckee River and Mayberry Landing, putting some of the area's best outdoor recreation, shopping, dining, and trails right at your fingertips. Set on a 0.5 acre lot, it offers a unique opportunity in an area where properties rarely come available. The expansive backyard also features a shed, she shed, and detached garage, offering abundant storage and flexible space for hobbies, projects, or additional workspace. The 3 bedroom, 1.5 bath home is ready for someone with a vision. Whether you're an investor looking for a value add project or a buyer wanting to renovate or create a home in a highly desirable West Reno location, there is plenty of potential here. This is an opportunity to get into one of Reno's most sought after areas and make it your own.

Listed by Tori Graham — Coldwell Banker Select Mt Rose

Listing Details

Status Active
MLS # 260011434
Days on Market 3
Price/Sq Ft $499

Property History

Sep 03, 2026
Listed for sale
$699,999
Property Overview
Beds 3
Baths 1.5
Sq. Ft. 1,404
Lot Size 0.50 acres
Stories 1
Year Built 1960
Property Type Single Family Residence
Subdivision Ambrose 1
STR Jurisdiction Washoe County
APN 009-066-04
Parking
Garage Spaces 4
Total Parking 9
Parking Features Additional Parking, Attached, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Roof Asphalt, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Evaporative Cooling
Financial
Annual Tax $1,549
Schools
Elementary School Gomm
Middle School Swope
High School Reno
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($140,000)
Home price
$699,999
Loan details
30-yr fixed, 6.5%
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