Residential · Condominium

280 Island Avenue APT 1002, Reno, NV 89501

Reno, NV 89501 · Park Towers

$205,000

$219,900

MLS# 260003287

Active
1
Beds
2
Baths
751
Sq Ft
0.02 ac
Lot
1961
Built

About This Property

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.

Property Details

TypeResidential
Bedrooms1
Bathrooms2
Living Area751 sq ft
Lot Size0.02 ac
Year Built1961
Stories17
HeatingElectric, Forced Air
CoolingCentral Air, Electric
FlooringCeramic Tile, Laminate
RoofFlat
LaundryLaundry Room, Common Area
ViewCity, Mountain(s), Park/Greenbelt, Trees/Woods
ParkingDetached, Garage, Under Building
Style3+ Stories
SubdivisionPark Towers
CountyWashoe
Parcel #011-474-10
ZoningMD-RD
HOA Fee$676/monthly
HOA NameWestern Nevada Management
Taxes$1,072/yr
Price/Sq Ft$273/sq ft
Days on Market55
Listing Terms1031 Exchange, Cash

Additional Features

Breakfast BarCeiling Fan(s)Walk-In Closet(s)
DishwasherDisposalElectric OvenElectric RangeMicrowaveRefrigerator
BrickSlabFlat
Cable AvailableElectricity AvailableInternet AvailablePhone AvailableSewer AvailableWater AvailableCellular CoveragePublicPublic SewerGas
GatedInsuranceCooling
Adjoins RiverCorner LotLevel
Fire Sprinkler SystemKeyless EntrySmoke Detector(s)

Schools

ElementaryMt. Rose
Middle SchoolSwope
High SchoolReno

Location

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Data last updated on May 16, 2026.
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 owner of this page are marked with the Broker Reciprocity logo. Information deemed reliable but not guaranteed. For consumers' personal, non-commercial use only.
Listing provided by: James Von Dorsten · RE/MAX Gold-Midtown
$205,000 280 Island Avenue APT 1002, Reno, NV 89501