About 280 Island Avenue Apt 1002
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.
Features of 280 Island Avenue Apt 1002
| MLS® # | 260003287 |
|---|---|
| Price | $205,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 751 |
| Acres | 0.02 |
| Year Built | 1961 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active Under Contract |
Community Information
| Address | 280 Island Avenue Apt 1002 |
|---|---|
| Area | 89501 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89501 |
Amenities
| Utilities | Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Internet Available |
|---|---|
| Parking | Detached, Garage, Under Building, Permit Required |
| View | City, Mountain(s), Park/Greenbelt, Trees/Woods |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Breakfast Bar, Walk-In Closet(s) |
|---|---|
| Appliances | Disposal, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator |
| Heating | Electric, Forced Air |
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 17 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot, Level |
| Windows | Blinds, Double Pane Windows, Metal Frames |
| Roof | Flat |
| Construction | Brick, Masonite |
| Foundation | Slab |
School Information
| Elementary | Mt. Rose |
|---|---|
| Middle | Swope |
| High | Reno |
Additional Information
| Date Listed | March 22nd, 2026 |
|---|---|
| Zoning | MD-RD |
| Short Sale | Yes |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Gold-Midtown |
|---|