The legendary Park Tower in Reno offers a rare find, one of the only downtown high rises still allowing short term rentals, an exciting prospect whether you're a new or savvy real estate investor, eyeing unique opportunities. This stunning 1-bedroom, 2-bathroom condo has been thoughtfully converted into two rentable Airbnb units with separate locked entrances and a history of consistent bookings, making it a truly turnkey investment opportunity. Savor jaw dropping views of the Truckee River, Wingfield Park, and the Sierra Mountains from Mount Rose to Peavine Peak. Enjoy coffee as kayakers paddle by or tap into the vibrant city vibe. Close to top tier dining, shopping, and entertainment, this gem invites exploration for investment potential or lifestyle appeal. A shared rooftop deck and nearby hiking trails call to adventurers, while Lake Tahoe's world class skiing, beaches, and water sports sit just a short drive away. Don't wait, schedule a showing today!
Active
Price cut: $10K (6/19)
$315,000
280 Island Ave APT 1002, Reno, NV 89501
1beds
751sqft
Est.:
Condominium
Built in 1961
-- sqft lot
$-- Zestimate®
$419/sqft
$676/mo HOA
What's special
Downtown high riseSierra mountainsShared rooftop deckWingfield parkNearby hiking trails
- 136 days
- on Zillow |
- 298 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 12:22am
Listed by:
James VonDorsten S.200323 775-691-1424,
RE/MAX Gold-Midtown
Source: NNRMLS,MLS#: 250003552

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric, Refrigerated
Appliances
- Included: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
- Laundry: Common Area, Laundry Area, Laundry Room, Sink
Features
- Ceiling Fan(s), Elevator
- Flooring: Ceramic Tile, Laminate
- Windows: Blinds, Double Pane Windows, Metal Frames
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 751
- Total interior livable area: 751 sqft
Property
Parking
- Parking features: Assigned, Common, Under Building
Features
- Stories: 4
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: City, Mountain(s), Park/Greenbelt, Trees/Woods
Lot
- Size: 871.2 Square Feet
- Features: Corner Lot, Level
Details
- Additional structures: None
- Parcel number: 01147410
- Zoning: MD-RD
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Masonite
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
Community & HOA
Community
- Security: Fire Sprinkler System, Security Fence, Smoke Detector(s)
- Subdivision: Park Towers
HOA
- Has HOA: Yes
- Amenities included: Gated, Maintenance Grounds, Maintenance Structure, Management
- Services included: Insurance, Utilities
- HOA fee: $676 monthly
- HOA name: First Service Residential
Location
- Region: Reno
Financial & listing details
- Price per square foot: $419/sqft
- Tax assessed value: $142,875
- Annual tax amount: $1,046
- Date on market: 3/11/2025
- Listing terms: 1031 Exchange,Cash,Conventional
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