Tim Koskinen - Reno Real Estate Agent - 775-303- 2614

MLS: 260004101     $330,000
2 Bedrooms with 2 Baths

MLS: 260004101 Condo For Sale
280 ISLAND AVENUE APT 201#APT 201
RENO NV 89501

MLS:  260004101
Status:  ACTIVE
List Price:  $330,000
Price per SQFT:  $344
Square Footage:  960

2 Bedrooms
2 Baths
Year Built:  1961
Zip Code:  89501

 

Listing Remarks

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.

Address: 280 ISLAND AVENUE APT 201#APT 201 RENO NV 89501

MLS Logo  Listing Courtesy of REAL BROKER LLC

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Condo Mania Agent

Featured Real Estate Agent Tim Koskinen

Tim Koskinen

Reno-Tahoe Realty Group
Broker Associate #BS.0144954
Phone: 775-303-2614

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Listing Photos

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Listing Details

STATUS:Active
PROPERTY TYPE:Residential
PROPERTY SUB TYPE:Condominium
SPECIAL LISTING CONDITIONS:None
LISTING CONTRACT DATE:2026-04-08
ON MARKET DATE:2026-04-08
BEDROOMS:2
BATHROOMS:2
LIVING AREA SQ FT:960
LIVING AREA SOURCE:Assessor
BUILDING AREA TOTAL:960
YEAR BUILT:1961
TAXES:$1,339
HOA/MGMT CO:First Service Residential
HOA FEES FREQUENCY:Monthly
HOA FEES:$748
HOA INCLUDES:None
HOA AMENITIES:Clubhouse, Management, Recreation Room
APPLIANCES INCLUDED:Disposal, Dishwasher, Microwave, Refrigerator
CONSTRUCTION:Brick, Masonite
EXTERIOR FEATURES:None
FLOORING:Laminate
HEATING:Forced Air, Natural Gas
COOLING:Central Air
INTERIOR FEATURES:Pantry, Walk-In Closet(s)
LAUNDRY FEATURES:Common Area
LOT FEATURES:Level
PARKING FEATURES:None
COMMON WALLS:2+ Common Walls
ROOF:Flat
VIEW:City, Park/Greenbelt, Trees/Woods
LISTING AGENT:LEE STEVENS
LISTING OFFICE:REAL BROKER LLC
LISTING CONTACT:775-527-4134

Estimated Monthly Payments

List Price:$330,000
20% Down Payment:$66,000
Loan Amount:$264,000
Loan Type:30 Year Fixed
Interest Rate:6.5 %
Monthly Payment:$1,669

Estimate does not include taxes, fees, insurance.

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Property Location: 280 ISLAND AVENUE APT 201#APT 201 RENO NV 89501


Blue Marker: This Listing               Red Marker: Active Listings Nearby

Nearby Active Listings Within: 0.25 mi

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260003287 $219,900 280 ISLAND AVENUE APT 1002#APT 1002 1 2 751 PARK TOWER

Condo Mania Agent

Featured Real Estate Agent Emily Weyrick

Emily Weyrick

Reno-Tahoe Realty Group
#BS.144645

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than Reno/Tahoe Realty Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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Last Updated: 2026-04-08