$249,950 Active
280 Island Avenue #APT 602
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
751 Sq Ft

About This Property

Location, luxury & low maintenance - downtown living with all the views and natural amenities! Featuring the Truckee River, Sierra Nevada Mountains, and Reno City views! Located next to Barbarra Benett & Wingfield Park with their badminton and basketball courts as well as a natural lap around the park, walking and running trails, basketball and recreation areas, restaurants, bars, nightlife, festivals, entertainment, and a organic store behind the building; Park Towers offers an exceptional combination of location, lifestyle, convenience, and investment potential in the heart of Reno. Whether you are an athlete, retiree, primary homeowner, University student, or an investor looking for a Short term rental friendly property (AIRBN, VRBO, Furnished Finders) and beyond this property is perfect for many situations. UNR is only 7 minutes away! The floor plan provides defined living spaces while abundant natural light creates a bright and inviting atmosphere throughout. Enjoy true low-maintenance, walkable Downtown Reno living with nearly everything you need close by. INVESTMENT OPPORTUNITY! One of the property's most distinctive features is its rare rental flexibility, with potential for short-term and mid-term rental strategies, including platforms such as Airbnb, VRBO, and Furnished Finder, subject to current HOA requirements. This flexibility may make Unit 602 especially attractive to buyers seeking a Downtown Reno investment property. The HOA makes ownership even easier by covering many major expenses, including water, sewer, trash, heating, cooling, and exterior maintenance—providing the convenience of a lock-and-leave lifestyle with fewer day-to-day maintenance responsibilities. Whether you're searching for a Downtown Reno condo, Truckee River residence, UNR-area property, second home, investment opportunity, or simply a low-maintenance home this is an option you don't want to skip!

Listed by Arturo Rangel — Epique Realty

Listing Details

Status Active
MLS # 260011861
Days on Market 6
Price/Sq Ft $333

Property History

Sep 14, 2026
Listed for sale
$249,950
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 751
Lot Size 0.02 acres
Stories 1
Year Built 1961
Property Type Condominium
Subdivision Park Towers
STR Jurisdiction Washoe County
APN 011-473-02
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s)
Construction Brick, Stucco
Roof Flat
Foundation Brick/Mortar, Slab
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Water Source Truckee River
Financial
Annual Tax $1,123
HOA Fee $675 / Monthly
HOA / Community Park Towers
Schools
Elementary School Mt. Rose
Middle School Swope
High School Reno
HOA & Community
Community Amenities Landscaping, Security
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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 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% ($49,990)
Home price
$249,950
Loan details
30-yr fixed, 6.5%
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