280 Island Avenue, Unit 201

Active Under Contract - No Show
Active Under Contract - No Show
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Contract Out
$315,000
2 beds960 sqft
280 Island Ave, Unit 201, Reno, NV 89501
Est: $2,487/moGet pre-approved
CondoProperty Type
1961Year Built
$328/sq ftPrice per sq ft
$8,976/yrHOA Fees

Description

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....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.
158 days on Market
  • Listed by: Lee Stevens 775.527.4134 Lee.stevens@upgradeyourlives.com Brokerage DRE #B.144146 • Real Broker LLC
  • Listed by: Charles Ko 775.362.7868 charles@upgradeyourlives.com Brokerage DRE #B.144146 • Real Broker LLC
Last updated: 09/13/2026 11:17 AM • Source: NNRMLS, MLS#: 260004101

Location

Listing Courtesy of Real Broker LLC, Lee Stevens, License #S.186369; Real Broker LLC, Charles Ko, License #S.202601
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$2,487 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,628

Property Taxes

$112

HOA Dues

$748

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Property Information for 280 Island Avenue, Unit 201

Property Details
  • Taxes: $1,339 / year
  • MLS Type: Residential / Condominium
  • County: Washoe County
  • View: City, Park/Greenbelt, Trees/Woods
  • View YN: Yes
  • Zoning: Mdrd
  • Subdivision Name: Park Towers
Building Information
  • Building/Complex: First Service Residential
  • Floor: 2
  • Stories: 18
  • Year Built: 1961
Summary
Location and General Information
  • Directions: Arlington
  • Latitude: 39.523471
  • Longitude: -119.81572
  • Address:Directions: Arlington
  • Address:Parcel Number: 011-471-04
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Amenities: Clubhouse, Management, Recreation Room
  • Association Fee: $748
  • Association Fee Frequency: Monthly
  • Association Name: First Service Residential
  • Association YN: Yes
  • Tax Legal:Neighborhood: Downtown Reno
  • Tax Legal:Elementary School: Mt. Rose
  • Tax Legal:Middle Or Junior School: Swope
  • Tax Legal:High School: Reno
  • Tax Legal:Tax Annual Amount: $1,339
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: Mdrd
  • AssociationCommunity:Senior Community YN: No
  • AssociationCommunity:Association YN: Yes
  • AssociationCommunity:Association Fee: $748
  • AssociationCommunity:Association Name: First Service Residential
  • AssociationCommunity:Association Fee Frequency: Monthly
  • AssociationCommunity:Association 2 YN: No
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Management: Yes
  • Association Amenities:Recreation Room: Yes
  • Association Details:Management Company Name: First Service Residential
  • Association Details:Management Company Phone: 775-624-8805
  • Association Details:Association Transfer Fee: $250
  • Association Details:Association Setup Fee: $200
  • Association Details:Association Other Fee: $0
  • Association Details:Association Special Assessment YN: No
  • Association Details:Association Source: Other
  • Association Details:Average Monthly Association Fee: $748
  • Association Details:Total Association Special Assessments: 0.0
  • Association Details:Total Other Fees: $0
  • Association Details:Total Setup Fees: $200
  • Association Details:Total Transfer Fees: $250
  • Association Type:Homeowners Association: Yes
Parking
  • Attached Garage YN: No
  • Carport YN: No
  • Garage YN: No
  • Parking Features: None
  • Parking Total: 0.0
  • Parking Information:Garage YN: No
  • Parking Information:Parking Total: 0.0
  • Parking Information:Carport YN: No
  • Parking Features:None: Yes
School Information
  • Elementary School: Mt. Rose
  • High School: Reno
  • Middle Or Junior School: Swope
Property
Lot Information
  • Living Area Source: Assessor
  • Lot Features: Level
  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Size Square Feet: 960.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 960.0
  • Living Area: 960.0
  • Lot:Lot Size Acres: 0.02
  • Lot:Lot Size Square Feet: 960.0
  • Lot:Pool Private YN: No
  • Lot:Spa YN: No
  • Lot:View YN: Yes
  • Lot:Waterfront YN: No
  • Lot:Water Body Access YN: Yes
  • Lot Features:Level: Yes
  • Water Body Type:River: Yes
  • Water Body View:Yes: Yes
Property and Assessments
  • Common Walls: 2+ Common Walls
  • New Construction YN: No
  • Parcel Number: 011-471-04
  • Possession: Close Of Escrow
  • Property Attached YN: Yes
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential,Condo
  • Year Built: 1961
  • Property Sub Type: Condominium
  • Property Type Label: Residential
  • Miscellaneous Zoning Info:Historical District YN: No
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Water Test YN: No
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: Yes
  • Water Rights:Water Rights YN: No
  • Water Source:Public: Yes
Interior and Exterior Features
Exterior Features
  • Stories: 18
  • Construction Materials: Brick, Masonite
  • Exterior Features: None
  • Fencing: None
  • Foundation Details: Slab
  • Horse YN: No
  • Levels: Three Or More
  • Other Structures: None
  • Roof: Flat
  • Security Features: Security Gate, Smoke Detector(s)
  • Senior Community YN: No
  • Spa Features: None
  • Spa YN: No
  • Window Features: Double Pane Windows
  • Building:Stories: 18.0
  • Building:Housing Cooperative Unit YN: Yes
  • Building:Property Attached YN: Yes
  • Building:Outdoor Living Spaces YN: No
  • Common Walls:2+ Common Walls: Yes
  • Construction Materials:Brick: Yes
  • Construction Materials:Masonite: Yes
  • Exterior Features:None: Yes
  • Fencing:None: Yes
  • Foundation Details:Slab: Yes
  • Levels:Three Or More: Yes
  • Other Structures:None: Yes
  • Roof:Flat: Yes
  • Security Features:Security Gate: Yes
  • Security Features:Smoke Detector(s): Yes
  • Spa Features:None: Yes
  • Sprinklers:None: Yes
  • View:City: Yes
  • View:Park/Greenbelt: Yes
  • View:Trees/Woods: Yes
  • Window Features:Double Pane Windows: Yes
Interior Features
  • Fireplaces Total: 0
  • Cooling: Central Air
  • Cooling YN: Yes
  • Fireplace YN: No
  • Flooring: Laminate
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Interior Features: Walk-In Closet(s)
  • Laundry Features: Common Area
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Notational: 2.0
  • Interior:Bathrooms Half: 0.0
  • Interior:Living Area: 960.0
  • Interior:Living Area Source: Assessor
  • Interior:Fireplace YN: No
  • Interior:Fireplaces Total: 0.0
  • Cooling:Central Air: Yes
  • Flooring:Laminate: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:None: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Disposal: Yes
  • Appliances:Microwave: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:Common Area: Yes
Multi Family
Multi Family Information
  • Unit Level:Mid Level: Yes
Room Information
Kitchen
  • Kitchen Features:Built-In Dishwasher: Yes
  • Kitchen Features:Built-In Microwave: Yes
  • Kitchen Features:Disposal: Yes
Primary Bedroom
  • Primary Bedroom Features:Tub/Shower Combination: Yes
  • Primary Bedroom Features:Walk-In Closet(s): Yes
Other Rooms
  • Other Rooms:None: Yes
Rental
Rent Information
  • Occupant Type: Owner

Property History for 280 Island Avenue, Unit 201

DateEvent & SourcePriceAppreciation
Sep 5, 2026

In Contract

NNRMLS #260004101

—
Jul 31, 2026

Price Change

NNRMLS #260004101

$315,000—
May 24, 2026

Price Change

NNRMLS #260004101

$320,000—
DateEvent & SourcePrice
09/05/2026

In Contract

NNRMLS #260004101

—
07/31/2026

Price Change

NNRMLS #260004101

$315,000
05/24/2026

Price Change

NNRMLS #260004101

$320,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 280 Island Avenue, Unit 201

Taxable ValueLand$29,155Additions$27,118Total$56,273
Tax Record2025$1,339 ($112 / month)
Home Facts
Baths2Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories18Lot Size960 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningMD-RDCountyWASHOEAPN011-471-04

Schools near 280 Island Avenue, Unit 201

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Mount Rose Elementary School
Public - K to 8
Darrell C Swope Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Washoe Innovations Academy
Public - PK to 12
Rating
School
Distance
Mount Rose Elementary School
PublicK to 8

Darrell C Swope Middle School
Public6 to 8

Reno High School
Public9 to 12

Washoe Innovations Academy
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Real Broker LLC, Lee Stevens, License #S.186369; Real Broker LLC, Charles Ko, License #S.202601

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.