Looking for another great investment to add to your portfolio?? Enjoy the convenience of downtown living in this beautifully remodeled and fully furnished luxury Studio located in the heart of Reno. Located in Park Towers the only STR approved building on the riverwalk and a solid rental histrory with Airbnb, makes this a perfect investment. A stone's throw from the beautiful Truckee River, With tons of bright light and stunning sunsets, this unit will not disappoint, Fully remodelled 4 years ago with Upgraded European cabinetry, quartz countertops, marble bathroom tile, contolled heat bathroom floors, smart wiring throughout, remote control locks and automatic shades. HOA fee covers water, sewer, garbage, and HVAC. This unit is a functional short-term rental with current bookings that will transfer with sale. Walking distance to all the amenities of Midtown, Reno River Walk, Greater Nevada Field, Art Towne, Nevada Museum of Art, and a ton of extraordinary entertainment and dining options.
Closed
$275,000
280 Island Ave APT 507, Reno, NV 89501
0beds
440sqft
Condominium
Built in 1961
-- sqft lot
$249,300 Zestimate®
$625/sqft
$1,217 Estimated rent
Home value
$249,300
$232,000 - $269,000
$1,217/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2025 at 03:42am
Listed by:
Tiffany Ahrens BS.143426 775-848-0574,
Chase International-Sparks
Bought with:
Dilyn Rooker, S.197799
Marmot Properties, LLC
Source: NNRMLS,MLS#: 230002807
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas
Cooling
- Central Air, Refrigerated
Appliances
- Included: Dishwasher, Electric Cooktop, Microwave, Oven, Refrigerator
- Laundry: Common Area, Laundry Area
Features
- Flooring: Laminate
- Windows: Blinds, Double Pane Windows
- Has fireplace: No
Interior area
- Total structure area: 440
- Total interior livable area: 440 sqft
Property
Parking
- Parking features: Garage, Under Building
Features
- Stories: 4
- Patio & porch: Deck
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Features: Level
Details
- Parcel number: 01147232
- Zoning: MD-RD
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Stucco
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
Community & neighborhood
Security
- Security features: Fire Sprinkler System, Keyless Entry, Security Fence, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Park Towers
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $264 monthly
- Amenities included: Maintenance Grounds, Maintenance Structure
- Services included: Insurance, Utilities
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2023 | Sold | $275,000-1.8%$625/sqft |
Source:  NNRMLS #230002807 Report a problem | ||
| 5/12/2023 | Pending sale | $280,000$636/sqft |
Source: NNRMLS #230002807 Report a problem | ||
| 3/31/2023 | Listed for sale | $280,000+1.8%$636/sqft |
Source: NNRMLS #230002807 Report a problem | ||
| 11/22/2022 | Listing removed | -- |
Source: NNRMLS #220006231 Report a problem | ||
| 10/28/2022 | Price change | $275,000-8%$625/sqft |
Source: NNRMLS #220006231 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $782 +5.9% | $30,107 +0.6% |
| 2024 | $739 +12% | $29,931 +2.2% |
| 2023 | $659 +9% | $29,287 +40.4% |
Find assessor info on the county website
Neighborhood: Riverwalk
Nearby schools
GreatSchools rating
- 8/10Mount Rose Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.8 mi
- 6/10Darrell 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
$249,300