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  • $305,000

    280 Island Ave APT 201, Reno, NV 89501

    2beds
    960sqft
    Condominium
    Built in 1961
    -- sqft lot
    $304,800 Zestimate®
    $318/sqft
    $2,007 Estimated rent

    Home value

    $304,800

    $290,000 - $320,000

    $2,007/mo

    Zestimate® history
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    What's special

    Bright open-concept unitFully furnishedAll furnishings are includedAbundant natural light
    Rare opportunity to own a fully furnished, income-producing condo in the heart of downtown Reno. Located at 280 Island Avenue, Unit 201, this turnkey property is short-term rental approved and ready to generate revenue from day one. Designed for both comfort and performance, this bright, open-concept unit features abundant natural light and a functional layout ideal for guests and extended stays. All furnishings are included, making this a true plug-and-play investment with immediate income potential. Positioned just steps from the Truckee River, Midtown, and Reno's top dining, nightlife, and entertainment, this location consistently attracts visitors year-round. Low-maintenance ownership combined with high-demand proximity makes this an ideal asset for both new and experienced investors. Proven rental history and/or projected income available upon request. Whether you're looking to expand your portfolio or secure a flexible second home that generates income when not in use, this property delivers. Opportunities like this—fully turnkey, STR-approved, and centrally located—are limited. Don't miss your chance to own in one of Reno's most desirable investment corridors.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lee Stevens S.186369 775-527-4134,

    Real Broker LLC,

    Charles Ko S.202601 775-362-7868,

    Real Broker LLC

    Bought with:

    Brenda Novak-Allen, S.175230

    RE/MAX Gold-Midtown

    Source: NNRMLS,MLS#: 260004101MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Refrigerator
    • Laundry: Common Area
    Features
    • Walk-In Closet(s)
    • Flooring: Laminate
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 960
    • Total interior livable area: 960 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Three Or More
    • Stories: 18
    • Exterior features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: City, Park/Greenbelt, Trees/Woods
    Lot
    • Size: 871 Square Feet
    • Features: Level
    Details
    • Additional structures: None
    • Parcel number: 01147104
    • Zoning: Mdrd

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Brick, Masonite
    • Foundation: Slab
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Security: Security Gate, Smoke Detector(s)
    • Subdivision: Park Towers
    HOA
    • Has HOA: Yes
    • Amenities included: Clubhouse, Management, Recreation Room
    • HOA fee: $748 monthly
    • HOA name: First Service Residential
    Location
    • Region: Reno

    Financial & listing details

    • Price per square foot: $318/sqft
    • Tax assessed value: $155,157
    • Annual tax amount: $1,338
    • Date on market: 4/8/2026
    • Cumulative days on market: 527 days
    • Listing terms: 1031 Exchange,Cash,Conventional

    Price history

    DateEventPrice
    9/17/2026Sold$305,000-3.2%$318/sqft
    Source: NNRMLS #260004101 Report a problem
    9/13/2026Contingent$315,000$328/sqft
    Source: NNRMLS #260004101 Report a problem
    7/31/2026Price change$315,000-1.6%$328/sqft
    Source: NNRMLS #260004101 Report a problem
    5/24/2026Price change$320,000-3%$333/sqft
    Source: NNRMLS #260004101 Report a problem
    4/8/2026Listed for sale$330,000-7%$344/sqft
    Source: NNRMLS #260004101 Report a problem
    10/28/2025Listing removed$355,000$370/sqft
    Source: NNRMLS #240013781 Report a problem
    2/12/2025Price change$355,000-1.4%$370/sqft
    Source: NNRMLS #240013781 Report a problem
    10/27/2024Listed for sale$360,000-5.3%$375/sqft
    Source: NNRMLS #240013781 Report a problem
    7/14/2023Sold$380,000-7.2%$396/sqft
    Source: NNRMLS #230007922 Report a problem
    7/12/2022Listing removed--
    Source: NNRMLS #220006439 Report a problem
    6/24/2022Price change$409,500-0.7%$427/sqft
    Source: NNRMLS #220006439 Report a problem
    5/11/2022Listed for sale$412,500+92.3%$430/sqft
    Source: NNRMLS #220006439 Report a problem
    8/7/2020Sold$214,500-5.5%$223/sqft
    Source: NNRMLS #200006406 Report a problem
    6/12/2020Pending sale$227,000$236/sqft
    Source: Dickson Realty - Damonte Ranch #200006406 Report a problem
    5/21/2020Listed for sale$227,000$236/sqft
    Source: Dickson Realty - Damonte Ranch #200006406 Report a problem
    10/3/2019Listing removed$227,000$236/sqft
    Source: Dickson Realty - Damonte Ranch #190003622 Report a problem
    6/7/2019Price change$227,000-3.4%$236/sqft
    Source: Dickson Realty - Damonte Ranch #190003622 Report a problem
    3/25/2019Listed for sale$235,000-5.6%$245/sqft
    Source: Dickson Realty - Damonte Ranch #190003622 Report a problem
    10/31/2018Listing removed$249,000$259/sqft
    Source: RE/MAX REALTY AFFILIATES #180005005 Report a problem
    10/12/2018Price change$249,000-7.4%$259/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    9/24/2018Price change$269,000-5.9%$280/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    9/6/2018Price change$286,000-3.9%$298/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    7/30/2018Price change$297,500-2.6%$310/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    6/28/2018Price change$305,500-2.9%$318/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    6/7/2018Price change$314,500-1.7%$328/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    5/3/2018Price change$319,900-1.5%$333/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    4/19/2018Listed for sale$324,900+124.1%$338/sqft
    Source: RE/MAX Realty Affiliates-Reno #180005005 Report a problem
    2/17/2004Sold$145,000-78.8%$151/sqft
    Source: Public Record Report a problem
    12/20/2002Sold$683,550-76.6%$712/sqft
    Source: Public Record Report a problem
    3/29/2002Sold$2,919,150$3,041/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$1,339 +6.5%$54,305 -3.5%
    2025$1,257 +8%$56,273 +0.5%
    2024$1,164 +10%$55,998 +14.7%
    2023$1,059 +7.8%$48,818 +21.7%
    2022$982 +5.9%$40,101 +7.6%
    2021$927 +4.7%$37,253 +6.3%
    2020$885 -4.5%$35,044
    2019$927 +4.7%$35,044 +23.9%
    2018$885 +13.9%$28,274 +3.3%
    2017$777 $27,367 +9.2%
    2016$777 $25,064 +7.8%
    2015$777 -3.7%$23,255 -9.3%
    2014$807 $25,650 +55.2%
    2013$807 $16,530
    2012-- $16,530 +1.9%
    2011-- $16,224 -13.6%
    2010-- $18,781 -15.5%
    2009-- $22,219 -2.4%
    2008-- $22,755
    2007-- $22,755 +12.4%
    2006-- $20,237 +5.6%
    2005-- $19,169 +13.6%
    2004-- $16,879 -0.9%
    2003-- $17,038
    Find assessor info on the county website

    Neighborhood: Riverwalk

    Nearby schools

    GreatSchools rating
    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
    $304,800
    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
    $304,800