$205,000

280 Island Avenue APT 1002, Reno, NV 89501

1 bed |
2 baths |
751 sqft

Condominium
Built in 1961
871sqft lot
—— car garage
$273/sqft
Listed 2 months ago

Property Description

Park Tower is a downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale. Cash and 1031 exchange offers only. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.

Listing Status:: Active
Date Added:: March 22, 2026
Data Last Updated:: May 20, 2026 at 7:38AM
Listing Office:: RE/MAX Gold-Midtown : 775-391-5435
Listing Agent:: James Von Dorsten : 775-691-1424
MLS ID:: 260003287

General: Ceiling Fan(s)Breakfast BarWalk-In Closet(s)
Appliances: DisposalDishwasherElectric OvenElectric RangeMicrowaveRefrigerator
Laundry: Common AreaLaundry RoomSink
Flooring: Ceramic TileLaminate
A/C: Central AirElectric
Heating: ElectricForced Air
Fireplace: Fireplaces: 0

General: None
Other Structures: None
Parking: DetachedGarageUnder BuildingPermit RequiredParking spaces: 0

Roofing: Flat
Windows: BlindsDouble Pane WindowsMetal Frames
General: BrickMasonite17Slab

Road/Access: Public
HOA Amenities: GatedManagementInsuranceCooling675.9Monthly
County: Washoe

Zoning: MD-RD011-474-10
View: CityMountain(s)Park/GreenbeltTrees/WoodsView
Fencing: None

Utilities: Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater AvailableCellular CoverageInternet Available
Water: Public
Sewer: Public Sewer

This listing courtesy of James Von Dorsten , RE/MAX Gold-Midtown

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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