$1,070,000 Active
341 W Arroyo Street
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·

About This Property

Discover a rare opportunity to own a charming Southwest Reno-Midtown property featuring two distinct residences on one lot, each offering its own private living space. 341 W Arroyo Street and 1261 Forest Street— this unique property offers timeless character, versatility, and excellent investment potential. Each residence showcases the charm and personality that make Midtown properties so special, with unique architectural details, hardwood floors, and inviting living spaces that simply can't be replicated in newer construction. Each residence also has a detached garage for parking and storage. 1261 Forest offers the added convenience of additional covered parking. 341 W Arroyo features 2 bedrooms, 1 full bathroom, a kitchen, and a living room upstairs, offering approximately 1,000 square feet of living space. Downstairs, you'll find a versatile bonus area with an entertainment room, exercise space, workshop, ample storage, and a half bathroom. Outside, a charming front yard provides an inviting space to relax, entertain, garden or enjoy Reno's beautiful weather. 1261 Forest features 2 bedrooms, 1 full bathroom, a kitchen, and a living room upstairs, offering approximately 1,000 square feet of living space. Downstairs, you'll find a versatile bonus area with an entertainment room that could also serve as an extra-large bedroom, game room, or exercise room with its own private entrance, along with a workshop, storage space, and an additional full bathroom. Outside, a covered outdoor patio provides a comfortable, private space to relax, entertain, garden or enjoy outdoor dining throughout the seasons. Whether you're looking to expand your investment portfolio, live in one residence while generating income from the other, or create a multi-generational living arrangement, this property offers an exceptional range of possibilities. Ideally situated in Midtown and just minutes from Downtown Reno, the property provides convenient access to local restaurants, coffee shops, shopping, entertainment, parks, and the Truckee River. Its central location and two-address configuration make this an especially compelling opportunity for an owner-occupant or investor seeking a truly unique piece of Reno history. 341 W Arroyo Street & 1261 Forest Street — two residences, one exceptional Old Reno opportunity.

Listed by Isabel Concha-Foley — Chase International-Damonte

Listing Details

Status Active
MLS # 260011940
Days on Market 4

Property History

Sep 16, 2026
Listed for sale
$1,070,000
Property Overview
Beds 4
Lot Size 0.16 acres
Stories 1
Year Built 1943
Property Type Duplex
Subdivision Sierra Vista Tract
STR Jurisdiction Washoe County
APN 014-113-07
Parking
Parking Features Alley Access, Detached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Rain Gutters
Lot Features Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction Brick
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,392
Schools
Elementary School Mt. Rose
Middle School Swope
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 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% ($214,000)
Home price
$1,070,000
Loan details
30-yr fixed, 6.5%
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