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.
Property Details
Price:
$330,000
MLS #:
260004101
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
Park Towers
Listed Date:
Apr 8, 2026
Finished Sq Ft:
960
Total Sq Ft:
960
Lot Size:
960 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, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Laminate
Heating
Forced Air, Natural Gas
Interior Features
Walk-In Closet(s)
Laundry Features
Common Area
Levels
Three Or More
Exterior
Association Amenities
Clubhouse, Management, Recreation Room
Common Walls
2+ Common Walls
Construction Materials
Brick, Masonite
Exterior Features
None
Fencing
None
Lot Features
Level
Other Structures
None
Parking Features
None
Roof
Flat
Security Features
Security Gate, Smoke Detector(s)
Spa Features
None
Stories
18
View
City, Park/Greenbelt, Trees/Woods
Window Features
Double Pane Windows
Financial
HOA Fee
$748
HOA Fee Frequency
Monthly
HOA Name
First Service Residential
Taxes
$1,339
Map
Community
- Address280 Island Avenue APT 201 Reno NV
- SubdivisionPark Towers
- CityReno
- CountyWashoe
- Zip Code89501
Market Summary
Property Summary
- Located in the Park Towers subdivision, 280 Island Avenue APT 201 Reno NV is a Condo for sale in Reno, NV, 89501. It is listed for $330,000 and features 2 beds, 2 baths, and has approximately 960 square feet of living space, and was originally constructed in 1961. The current price per square foot is $344. The average price per square foot for Condo listings in Reno is $325. The average listing price for Condo in Reno is $403,557.
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Courtesy of Real Broker LLC. 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 201
Reno, NV