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  • $249,950

    280 Island Ave APT 602, Reno, NV 89501

    1beds
    751sqft
    : 
    $2,407/mo
    Get pre-qualified
    Condominium
    Built in 1961
    -- sqft lot
    $239,900 Zestimate®
    $333/sqft
    $676/mo HOA

    What's special

    High-rise residenceDefined living spacesLight-filled residence
    Luxury Downtown Reno living with views! Truckee River, mountain, and city views! Welcome to Unit 602 at Park Towers, a high-rise residence offering an exceptional combination of location, lifestyle, convenience, and investment potential in the heart of Reno. Located just steps from the Truckee River and surrounded by windows, this light-filled residence captures impressive views of the Reno skyline, surrounding mountains, and river. 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. Step outside to the Truckee Riverwalk, Barbara Bennett Park, Wingfield Park, walking and running trails, basketball and recreation areas, restaurants, bars, nightlife, festivals, entertainment, and a nearby organic grocery co-op. Midtown Reno is easily accessible, while the University of Nevada, Reno (UNR) is approximately 7 minutes away. 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, City of Reno regulations, licensing, and other applicable restrictions. This flexibility may make Unit 602 especially attractive to buyers seeking a Downtown Reno investment property, furnished rental, second home, or residence with future income potential. 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!
    7 hours
    88
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Arturo Rangel S.179896 775-219-2179,

    Epique Realty

    Source: NNRMLS,MLS#: 260011861MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
      • Laundry: Common Area, Washer Hookup
      Features
      • Elevator, Master Downstairs, Walk-In Closet(s)
      • Flooring: Carpet, Ceramic Tile, Laminate
      • Windows: Blinds, Drapes, Rods, Single Pane Windows
      • Has fireplace: No
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 751
      • Total interior livable area: 751 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: None
      • Exterior features: None
      • Spa features: None
      • Fencing: None
      • Has view: Yes
      • View description: City, Mountain(s)
      • Body of water: Truckee River
      Lot
      • Size: 871 Square Feet
      • Features: Level
      Details
      • Additional structures: None
      • Parcel number: 01147302
      • Zoning: MUDR

      Construction

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

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Park Towers
      HOA
      • Has HOA: Yes
      • Amenities included: Landscaping, Security
      • Services included: Insurance
      • HOA fee: $676 monthly
      • HOA name: Park Towers
      Location
      • Region: Reno

      Financial & listing details

      • Price per square foot: $333/sqft
      • Tax assessed value: $136,769
      • Annual tax amount: $1,123
      • Date on market: 9/14/2026
      • Listing terms: Cash,Conventional,Lease Option,Owner May Carry

        Estimated market value

        $239,900

        $228,000 - $252,000

        $1,724/mo

        Price history

        DateEventPrice
        9/14/2026Listed for sale$249,950+4.1%$333/sqft
        Source: NNRMLS #260011861 Report a problem
        9/30/2019Listing removed$240,000$320/sqft
        Source: Desert Diamonds Realty, Inc. #190004413 Report a problem
        7/18/2019Price change$240,000-4%$320/sqft
        Source: Desert Diamonds Realty, Inc. #190004413 Report a problem
        4/7/2019Listed for sale$250,000-4.2%$333/sqft
        Source: Desert Diamonds Realty, Inc. #190004413 Report a problem
        1/31/2018Sold$261,000+0.8%$348/sqft
        Source: Agent Provided Report a problem
        6/24/2005Sold$259,000+130.2%$345/sqft
        Source: Public Record Report a problem
        2/28/2003Sold$112,500$150/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$1,064 +6.3%$47,869 -4.3%
        2025$1,002 +8.1%$50,006 +0.5%
        2024$927 +6%$49,734 +15.4%
        2023$874 +3.9%$43,103 +21.7%
        2022$841 +6%$35,420 +8.3%
        2021$794 +4.7%$32,694 +6.4%
        2020$759 -4.4%$30,736
        2019$794 +4.7%$30,736 +27.8%
        2018$759 +15%$24,047 +3.7%
        2017$660 $23,193 +10.3%
        2016$660 $21,019 +9.3%
        2015$660 +302.5%$19,228 -9%
        2014$164 -74.6%$21,119 +49%
        2013$644 $14,175
        2012-- $14,175 +7.8%
        2011-- $13,144 -13.7%
        2010-- $15,239 -14.6%
        2009-- $17,835 -2.3%
        2008-- $18,255
        2007-- $18,255 +13.6%
        2006-- $16,068 +5.4%
        2005-- $15,252 +19.4%
        2004-- $12,775 -1.9%
        2003-- $13,019
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Riverwalk

        Getting around

        98 / 100
        Walker's Paradise
        59 / 100
        Good Transit
        82 / 100
        Very Bikeable

        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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