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Listing provided courtesy of Real Broker LLC- MLS# 260004101MLS Provider

280 Island Avenue #APT 201Reno, NV 89501

Condo/Townhouse · 2 Beds · 2 Full Baths · 960 Sq. ft. | 0.02 Acres
$320,000 Active

280 Island Avenue #APT 201 Overview

Time on Site:
82 days
Visits:
1

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.

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280 Island Avenue #APT 201 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 960
  • Price/Sq.ft. $333
  • Lot 0.02 Acres

Details

General

Association/HOA

  • Association Amenities: Clubhouse,Management,Recreation Room
  • Association Fee: 748.0
  • Association Fee Frequency: Monthly
  • Association Name: First Service Residential
  • Association: true

School Information

  • Elementary School: Mt. Rose
  • Middle Or Junior School: Swope
  • High School: Reno

Building Information

  • New Construction: false
  • Year Built: 1961

Location/Region

  • Country: US
  • County Or Parish: Washoe

Tax Information

  • Tax Annual Amount: 1338.54

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional
  • Parcel Number: 011-471-04
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: Mdrd

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 960.0

General Information

  • Appliances: Dishwasher,Disposal,Microwave,Refrigerator
  • Common Walls: 2+ Common Walls
  • Fireplace: false
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Slab
  • Interior Features: Walk-In Closet(s)
  • Laundry Features: Common Area
  • Levels: Three Or More
  • Living Area Source: Assessor
  • Security Features: Security Gate,Smoke Detector(s)
  • Spa Features: None
  • Spa: false
  • Stories: 18
  • Window Features: Double Pane Windows

Unit Information

  • Unit Number: APT 201

Exterior

Parking Information

  • Parking Features: None

Lot Information

  • Lot Features: Level
  • Lot Size Square Feet: 960.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick,Masonite
  • Property Attached: true
  • Roof: Flat

General Information

  • Carport: false
  • Exterior Features: None
  • Fencing: None
  • Horse: false
  • Other Structures: None
  • Pool Private: false
  • Road Frontage Type: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Sewer Available,Water Available

280 Island Avenue #APT 201 Neighborhood

Community

89501 (Reno) Demographics

51
Median Age
6,998
Population Density (per sq. mile)
49%
College Educated
$44,393
Estimated Median Income
639
Estimated Total Home Owners
2,137
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

280 Island Avenue #APT 201 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

280 Island Avenue #APT 201 Market Data

Based on the last 30 days in this zip code

$469,862
Average List Price
$400
Average Price per Square Foot
6
Properties Sold
141
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

280 Island Avenue #APT 201 History

Date Event Value Agent
5/24/2026Source: Northern Nevada Regional MLS Price Reduction
$320,000 -3.0%
4/8/2026Source: Northern Nevada Regional MLS Added to Database
April 08, 2026