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.
Property Details
Price:
$205,000
MLS #:
260003287
Status:
Active
Beds:
1
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Park Towers
Listed Date:
Mar 22, 2026
Finished Sq Ft:
751
Total Sq Ft:
751
Lot Size:
751 sqft / 0.02 acres (approx)
Year Built:
1961
See this Listing
Schools
Elementary School:
Mt. Rose
Middle School:
Swope
High School:
Reno
Interior
Appliances
Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Electric
Flooring
Ceramic Tile, Laminate
Heating
Electric, Forced Air
Interior Features
Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)
Laundry Features
Common Area, Laundry Room, Sink
Levels
Three Or More
Exterior
Association Amenities
Gated, Management
Common Walls
2+ Common Walls
Construction Materials
Brick, Masonite
Exterior Features
None
Fencing
None
Lot Features
Corner Lot, Level
Other Structures
None
Parking Features
Permit Required, Detached, Garage, Under Building
Patio And Porch Features
None
Roof
Flat
Security Features
Fire Sprinkler System, Keyless Entry, Security Fence, Smoke Detector(s)
Spa Features
None
Stories
17
View
City, Mountain(s), Park/Greenbelt, Trees/Woods
Window Features
Blinds, Double Pane Windows, Metal Frames
Financial
HOA Fee
$676
HOA Fee Frequency
Monthly
HOA Includes
Cooling, Insurance
HOA Name
Western Nevada Management
Taxes
$1,072
Map
Community
- Address280 Island Avenue APT 1002 Reno NV
- SubdivisionPark Towers
- CityReno
- CountyWashoe
- Zip Code89501
Market Summary
Property Summary
- Located in the Park Towers subdivision, 280 Island Avenue APT 1002 Reno NV is a Condo for sale in Reno, NV, 89501. It is listed for $205,000 and features 1 beds, 2 baths, and has approximately 751 square feet of living space, and was originally constructed in 1961. The current price per square foot is $273. The average price per square foot for Condo listings in Reno is $325. The average listing price for Condo in Reno is $379,829.
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Courtesy of RE/MAX Gold-Midtown. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Northern Nevada Regional MLS. All rights reserved. 280 Island Avenue APT 1002
Reno, NV