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About This Home

This 2-bedroom, 2-bathroom condo at 280 Island Avenue unit: Apt 201 in Reno, NV is listed for $330,000 ($344 per sqft). Built in 1961, the home offers 960 sqft of living space on a 0.02 acres lot.

Agent Description

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.

Key Features

  • Built in 1961
  • 0.02 acre lot
  • 3 stories

Property Details

3 stories
2 full
1961

Amenities

ViewA/C

Monthly Cost Estimate

$2,513/mo

20% down · 6.5% · 30 years

Principal$239
Interest$1,430
Insurance$96
HOA$748

Estimates only. Actual payments may vary.

Location

280 Island Avenue unit: Apt 201

Reno, NV 89501

Park Towers

Features & Amenities

Interior Features

PantryWalk-In Closet(s)

Property Details

Flooring

Laminate

Construction

Brick Masonite

Views

CityPark

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

DishwasherDisposalMicrowaveRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom condo at 280 Island Avenue unit: Apt 201 is listed at $330,000 ($344/sqft). The estimated monthly payment is $2,178 based on 20% down at 6.5% interest.

HOA fees are $748/month.

Key features include: Built in 1961, 0.02 acre lot, 3 stories. Interior Features: Pantry, Walk-In Closet(s).

This property is listed by Lee Stevens and can be reached at 7755274134 or Lee.stevens@upgradeyourlives.com.

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LS

Lee Stevens

Agent at Real Broker LLC

(775) 527-4134

Listed by Real Broker LLC

MLS# 260004101· Source: listhub· Updated 1 days ago

Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

280 Island Avenue unit: Apt 201, Reno, NV 89501

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