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Listing provided courtesy of RE/MAX Gold-Midtown- MLS# 260003287MLS Provider

280 Island Avenue #APT 1002Reno, NV 89501

Condo/Townhouse · 1 Bed · 2 Full Baths · 751 Sq. ft. | 0.02 Acres
$205,000 Active

280 Island Avenue #APT 1002 Overview

Time on Site:
99 days
Visits:
1

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 and subject to lien holder approval. 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.

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280 Island Avenue #APT 1002 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 751
  • Price/Sq.ft. $273
  • Lot 0.02 Acres

Details

General

Association/HOA

  • Association Amenities: Gated,Management
  • Association Fee: 675.9
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Cooling,Insurance
  • Association Name: Western Nevada Management
  • 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: 1071.96

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional
  • Parcel Number: 011-474-10
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Short Sale
  • Zoning: MD-RD

Interior

Parking Information

  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 1

Building Interior

  • Building Area Total: 751.0

General Information

  • Appliances: Dishwasher,Disposal,Electric Oven,Electric Range,Microwave,Refrigerator
  • Common Walls: 2+ Common Walls
  • Fireplace: false
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile,Laminate
  • Foundation Details: Slab
  • Interior Features: Breakfast Bar,Ceiling Fan(s),Walk-In Closet(s)
  • Laundry Features: Common Area,Laundry Room,Sink
  • Levels: Three Or More
  • Living Area Source: Assessor
  • Security Features: Fire Sprinkler System,Keyless Entry,Security Fence,Smoke Detector(s)
  • Spa Features: None
  • Spa: false
  • Stories: 17
  • Window Features: Blinds,Double Pane Windows,Metal Frames

Unit Information

  • Unit Number: APT 1002

Exterior

Parking Information

  • Parking Features: Permit Required,Detached,Garage,Under Building

Lot Information

  • Lot Features: Corner Lot,Level
  • Lot Size Square Feet: 751.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: false
    • Construction Materials: Brick,Masonite
    • Patio And Porch Features: None
    • 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: Cable Available,Electricity Available,Internet Available,Phone Available,Sewer Available,Water Available,Cellular Coverage

    280 Island Avenue #APT 1002 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 1002 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 1002 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 1002 History

    Date Event Value Agent
    4/30/2026Source: Northern Nevada Regional MLS Price Reduction
    $205,000 -6.8%
    3/22/2026Source: Northern Nevada Regional MLS Added to Database
    March 22, 2026
    5/5/2025Source: Northern Nevada Regional MLS Added to Database
    May 05, 2025