Downtown Reno Living at Its Best! Welcome to Park Towers, the only condominium complex in downtown Reno that allows short-term rentals—making this a rare investment opportunity! This updated, charming unit is perfect for those who want to live in the heart of the action or capitalize on Reno's thriving Airbnb market. Enjoy walking distance to Reno's iconic casinos, bars, restaurants, entertainment, and year-round events like Hot August Nights and Street Vibrations. Just one block from the vibrant Midtown District and right across the street from the beautiful Truckee River, this location is unbeatable. Inside, you'll find stylish upgrades including a custom barn door, a sleek hardwood breakfast bar and bamboo flooring. A floor-to-ceiling window provide stunning views of the city skyline and surrounding mountains.
HOA covers nearly all utilities—just pay for electricity and internet—making ownership hassle-free. Whether you're a savvy investor or looking for your own downtown escape, this is a must-see!
Closed
$178,000
280 Island Ave APT 1001, Reno, NV 89501
1beds
428sqft
Condominium
Built in 1961
-- sqft lot
$178,900 Zestimate®
$416/sqft
$1,160 Estimated rent
Home value
$178,900
$163,000 - $197,000
$1,160/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 23, 2025 at 02:04pm
Listed by:
Gina Thompsen S.176660 775-846-6552,
Chase International-Damonte
Bought with:
Claudia Townsend, B.1002345
Towns End Real Estate
Source: NNRMLS,MLS#: 250052400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Central Air, Refrigerated
Appliances
- Included: Disposal, Electric Oven, Oven, Refrigerator, Self Cleaning Oven
- Laundry: None
Features
- Pantry
- Flooring: Ceramic Tile, Wood
- Windows: Aluminum Frames, Single Pane Windows
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 428
- Total interior livable area: 428 sqft
Property
Parking
- Parking features: Parking Pad, None
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City, Mountain(s)
- Body of water: Truckee River
Lot
- Size: 435.60 sqft
Details
- Additional structures: None
- Parcel number: 01147409
- Zoning: MD/RD
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Stucco
- Foundation: None
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Connected, Sewer Connected, Water Connected, Cellular Coverage
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Fire Sprinkler System, Keyless Entry, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Park Towers
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $337 monthly
- Amenities included: Elevator(s), Landscaping, Maintenance, Maintenance Grounds, Management, Parking
- Services included: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water
- Association name: First Service Residential
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2025 | Sold | $178,000+1.7%$416/sqft |
Source:  NNRMLS #250052400 | ||
| 7/4/2025 | Contingent | $175,000$409/sqft |
Source: NNRMLS #250052400 | ||
| 7/1/2025 | Listed for sale | $175,000+60.6%$409/sqft |
Source: NNRMLS #250052400 | ||
| 12/4/2024 | Listing removed | $1,425$3/sqft |
Source: Zillow Rentals | ||
| 12/2/2024 | Listed for rent | $1,425$3/sqft |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $728 +5.7% | $29,907 +0.6% |
| 2024 | $689 +12.3% | $29,735 +2.2% |
| 2023 | $614 +9.1% | $29,097 +40.5% |
Find assessor info on the county website
Neighborhood: Riverwalk
Nearby schools
GreatSchools rating
- 9/10Mount Rose Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.8 mi
- 7/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Mt. Rose
- Middle: Swope
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$178,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$178,900