Tim Koskinen - Reno Real Estate Agent - 775-303- 2614
Reno Condo ManiaMLS: 260003287 $205,000
1 Bedroom with 2 Baths280 ISLAND AVENUE APT 1002#APT 1002
RENO NV 89501MLS: 260003287
Status: ACTIVE
List Price: $205,000
Price per SQFT: $273
Square Footage: 7511 Bedroom
2 Baths
Year Built: 1961
Zip Code: 89501
Listing Remarks
Park Tower is the only 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.
Address: 280 ISLAND AVENUE APT 1002#APT 1002 RENO NV 89501
Listing Courtesy of RE/MAX GOLD-MIDTOWN
Community: PARK TOWER ... Listing 3 of 4
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Condo Mania Agent
Tim Koskinen
Reno-Tahoe Realty Group
Broker Associate #BS.0144954
Phone: 775-303-2614
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Listing Details
STATUS: Active PROPERTY TYPE: Residential PROPERTY SUB TYPE: Condominium SPECIAL LISTING CONDITIONS: Short Sale LISTING CONTRACT DATE: 2026-03-21 ON MARKET DATE: 2026-03-22 BEDROOMS: 1 BATHROOMS: 2 LIVING AREA SQ FT: 751 LIVING AREA SOURCE: Assessor BUILDING AREA TOTAL: 751 YEAR BUILT: 1961 TAXES: $1,072 HOA/MGMT CO: Western Nevada Management HOA FEES FREQUENCY: Monthly HOA FEES: $676 HOA INCLUDES: Insurance, Cooling HOA AMENITIES: Gated, Management APPLIANCES INCLUDED: Disposal, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator CONSTRUCTION: Brick, Masonite EXTERIOR FEATURES: None FLOORING: Ceramic Tile, Laminate HEATING: Electric, Forced Air COOLING: Central Air, Electric INTERIOR FEATURES: Ceiling Fan(s), Breakfast Bar, Walk-In Closet(s) LAUNDRY FEATURES: Common Area, Laundry Room, Sink LOT FEATURES: Corner Lot, Level # GARAGE SPACES: 0 PARKING FEATURES: Detached, Garage, Under Building, Permit Required COMMON WALLS: 2+ Common Walls ROOF: Flat VIEW: City, Mountain(s), Park/Greenbelt, Trees/Woods LISTING AGENT: JAMES VON DORSTEN LISTING OFFICE: RE/MAX GOLD-MIDTOWN LISTING CONTACT: 775-691-1424
Estimated Monthly Payments
List Price: $205,000 20% Down Payment: $41,000 Loan Amount: $164,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $1,037 Estimate does not include taxes, fees, insurance.
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Property Location: 280 ISLAND AVENUE APT 1002#APT 1002 RENO NV 89501
This Listing
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Condo Mania Agent
Emily Weyrick
Reno-Tahoe Realty Group
#BS.144645
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Last Updated: 2026-05-06
