First-Time & Value Buyers
- Entry condos from $200K — most attainable downtown
- Low conventional down payment for owner-occupants
- Walkable downtown without a car for daily errands
- Nevada zero income tax stretches the budget further

Nevada Real Estate Group — your Arlington Towers specialists. Search value-entry condos for sale in downtown Reno's established Truckee River high-rise: $200K–$550K, river and city views, walkable to the Riverwalk District and University of Nevada, plus Nevada's zero state income tax.
MEDIAN LIST PRICE (ZIP 89501)
$595K
LVR / GLVAR via Repliers, as of September 18, 2026
DAYS ON MARKET
49
LVR / GLVAR via Repliers, as of September 18, 2026
COMMUNITY TYPE
River-View Condos
community-data-north.json
TO UNIVERSITY OF NEVADA
~5 min
Virginia St / downtown core
Property research
Verify for your address
Confirm current school assignments, association documents, parcel taxes, and insurance with the applicable sources.
Last updated
June 21, 2026
Individual data periods may differ from the page update date.
KEY TAKEAWAYS
Arlington Towers is downtown Reno's value-entry high-rise on the Truckee River in ZIP 89501, with condos priced from $200K to $550K and a median list price near $594,500 per Reno/Sparks Association of REALTORS and NNRMLS data. The five takeaways below capture what those numbers mean for buyers in this Nevada State Demographer-tracked Washoe County corridor.
Last updated September 2026 · Sources: RSAR, U.S. Census, Nevada State Demographer
Arlington Towers carries a building-specific set of active listings in ZIP 89501 — value-entry condos priced $200K to $550K per NNRMLS data. According to Reno/Sparks Association of REALTORS, downtown Reno condo inventory turns over at a steady pace; well-priced river-view units in this building move quickly. Listings below refresh daily from live NNRMLS data.
PRICE DISTRIBUTION
The ZIP 89501 median list price for Arlington Towers condos sits near $595K per Reno/Sparks Association of REALTORS September 2026 NNRMLS data. Active inventory concentrates in the $200K–$400K range, with a smaller upper tier above $400K for larger units with Truckee River and city views. Each card shows current listing counts for Arlington Towers and surrounding ZIP 89501.
Arlington Towers listings are filtered by ZIP 89501 — typically 10 to 18 active condos in the downtown Reno river corridor at any given time. Each link below opens our live NNRMLS search pre-filtered to that exact slice, with current listing counts updated daily from Reno/Sparks Association of REALTORS and NNRMLS data.
Tap a community to see its dedicated page — current listings, price ranges, school district details, and what daily life looks like inside each Northern Nevada neighborhood.
Updated daily · 1,586 active listings · MLS data
STAY AHEAD OF THE MARKET
Custom alerts by price, beds, baths, and view features — no spam, unsubscribe anytime. With Arlington Towers condos turning over at a steady 38-day median pace per Reno/Sparks Association of REALTORS, buyers who see new listings within hours hold a real edge over buyers who check portals weekly — especially in the $200K–$350K entry band where competition is broadest.
Before choosing a home, request address-specific school assignments for the intended school year from the district. Confirm grade levels, program eligibility, enrollment requirements and any boundary changes. Use the exact property address, including any unit number, and ask the district to confirm the assignment before making a purchase decision.
Check Washoe school zoning · View Nevada Report Card
Compare each school’s programs and published results for the same reporting year. Proximity to a school does not guarantee admission; contact charter, magnet and private schools about their application and enrollment requirements.
CRIME DATA
Review reports from the law-enforcement agency serving the address. Check the reporting period, area covered, offense definitions and completeness before comparing locations. When requesting local information, provide the property address and ask which agency and geographic boundary each report represents, along with any known reporting gaps.
The FBI publishes crime and law-enforcement statistics through its Crime Data Explorer. Its guidance cautions against using crime totals alone to rank communities: reporting practices and local conditions affect comparisons.
A citywide statistic does not establish conditions at a particular home. Ask the local agency about current reports for the area and gaps in the available data. Missing records do not mean zero crime, and a gated entrance does not establish a safety rating.
FBI crime data resources · FBI guidance on comparing communities
Arlington Towers delivers walkable downtown Reno condo living on the Truckee River: condos from $200K to $550K, river and city views, secured entry, and Nevada's zero state income tax. Schools are served by the Washoe County School District — with the University of Nevada campus roughly five minutes north of the building.
Arlington Towers is known as the value-entry high-rise on the Truckee River — established twin condominium towers at the western edge of downtown Reno with direct river frontage and city views. It is the most attainable entry point into downtown Reno high-rise ownership, offering walkable access to the Riverwalk District, the University of Nevada, and the downtown entertainment corridor at a price range well below the newer luxury mid-rise buildings.
Arlington Towers fits first-time and value-focused buyers who want a downtown address without luxury-tier pricing, downtown professionals who want to walk to work, University of Nevada faculty and graduate students, California tax relocators seeking a Nevada address for zero income tax savings, and investors who can verify the building's rental-cap policy. The $200K–$550K price range spans entry studio buyers to upper-floor river-view condo purchasers.
Daily life in Arlington Towers centers on the walkable rhythm of downtown Reno: morning coffee along the Truckee Riverwalk, a short walk to work in the downtown core, evenings at Riverwalk District restaurants and the Reno event corridor. The University of Nevada campus is minutes north, and Midtown Reno's dining scene is a short drive south. Reno-Tahoe International Airport is roughly 20 minutes for travel.
Arlington Towers sits on the Truckee River at the western edge of downtown Reno, Nevada (ZIP 89501), within walking distance of the Riverwalk District and the downtown entertainment corridor. Approximately 5 minutes from the University of Nevada campus, 10 minutes from Midtown Reno, and 20 minutes from Reno-Tahoe International Airport.
Quick Answer
Arlington Towers is one of the strongest value propositions for downtown Reno condo ownership. Direct Truckee River frontage, walkable access to the Riverwalk District and University of Nevada, and a $200K–$550K price range make it the most attainable entry into a downtown high-rise address. Nevada's zero state income tax adds meaningful annual savings for California relocators and improves rental-investment math. The critical verification: confirm the building's HOA rental-cap policy and warrantability with your lender before buying.
Source: Nevada State Demographer
According to the U.S. Census Bureau, downtown Reno carries a younger, more urban resident profile than suburban Washoe County — a mix of young professionals, University of Nevada affiliates, downtown workers, and California relocators. Arlington Towers draws value-focused buyers and investors who prioritize walkable downtown access and attainable condo pricing.
Home values in Arlington Towers have appreciated as downtown Reno revitalization, University of Nevada growth, and California in-migration broadened demand for walkable urban condos at the $200K–$550K tier. The building skews toward a mix of owner-occupants and investors leasing to UNR and downtown-worker tenants — a profile consistent with established downtown high-rises in revitalizing urban cores.
Source: U.S. Census Bureau ACS estimates & Nevada State Demographer · Updated
GROWTH & APPRECIATION
Arlington Towers and the broader downtown Reno condo market have appreciated steadily over the past decade, driven by downtown revitalization, University of Nevada growth, California in-migration, and sustained demand for walkable urban condos at attainable prices. The Nevada State Demographer projects continued Washoe County growth through 2030, supporting sustained demand for downtown Reno condo addresses.
Arlington Towers condos have appreciated with the broader downtown Reno market — driven by riverfront positioning on the Truckee, downtown revitalization investment, University of Nevada growth, and sustained California buyer demand for Nevada tax addresses. The building's $200K–$550K range remains among the most attainable entries into downtown Reno ownership, keeping buyer and investor demand broad while downtown condo supply stays limited.
Sources: Nevada State Demographer and U.S. Census Bureau ACS. Median price figures from NNRMLS active listings; historical approximations. Last updated June 2026.
MARKET TRENDS · LAST 12 MONTHS
Median list price, days on market, and active inventory for ZIP 89501 — the downtown Reno ZIP covering Arlington Towers and the river corridor — from Northern Nevada Regional MLS data. The Arlington Towers condo tier sits near $325,000, up approximately 4% year-over-year, with a median 38 days on market. Updated monthly.
Median List Price (ZIP 89501 Arlington Towers tier)
+4% YoY (May 2025 → May 2026)
Source: Las Vegas REALTORS
Days on Market
30 → 38 days YoY — value-entry condo tier moves at a steady pace
vs September 2025
Source: Las Vegas REALTORS
Active Listings (Arlington Towers / ZIP 89501)
~16 at any time — downtown condo supply stays limited
vs September 2025
Source: Las Vegas REALTORS
The long view: Reno's median sold price rose 116% between 2015 ($273,230) and 2026 ($591,265), across 53,785 recorded closings — Northern Nevada Regional MLS (NNRMLS) records via Repliers.
INVENTORY MOVES FAST
Market Competitiveness
Arlington Towers is a steady-pace, value-entry downtown condo market. Typically 10–18 active listings appear in ZIP 89501 covering Arlington Towers and the downtown river corridor, and homes take a median 38 days on market per NNRMLS data. Well-priced units in the $200K–$350K entry range move faster as the buyer pool at that tier is broadest.
Arlington Towers spans $200K entry studios to $550K upper-floor river-view condos — the most attainable downtown Reno high-rise address. Six buyer profiles below match lifestyles to specific Arlington Towers options, followed by the honest pros and trade-offs our team walks every client through before they commit.
Ready to explore homes in Arlington Towers? Our team knows every floor tier, HOA document, rental-cap rule, and parking arrangement in downtown Reno condo buildings.
Start Your Arlington Towers SearchBuilding Comparison
A like-for-like comparison of the most-searched downtown Reno condo options — median price, days on market, HOA dues, and lifestyle fit — drawn from active-listing data we refresh every month via Reno/Sparks Association of REALTORS and NNRMLS. Prices span $325K for value-entry Arlington Towers condos to more than $700K for premium luxury mid-rise units.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Arlington Towers | $325,000 | ~$320+ | 38 | 16 | Value Entry · River Views · Walkable |
| The Palladio | $575,000 | ~$450+ | 45 | 8 | Luxury Mid-Rise · Finishes · Concierge |
| Riverwalk Towers | $485,000 | ~$420+ | 42 | 7 | River Views · Newer · Downtown |
| Midtown Reno | $420,000 | ~$340+ | 35 | 25 | Eclectic · Walkable · Dining |
| West University | $450,000 | ~$330+ | 38 | 18 | UNR-Adjacent · Historic · Walkable |
Source: Reno/Sparks Association of REALTORS and NNRMLS data, June 2026. Median prices based on active listings; days on market from closed sales.
Building Deep Dive
Submarket 1
Downtown Reno's value-entry high-rise on the Truckee River — established twin towers with the most attainable full-amenity downtown condo address, walkable to the Riverwalk District and UNR, with Nevada's zero state income tax.
Browse Arlington Towers homes →Submarket 2
The most sought-after luxury mid-rise in downtown Reno — premium finishes, concierge, and riverfront positioning at a price tier well above Arlington Towers.
Browse The Palladio homes →Submarket 3
Newer downtown Reno high-rise with strong Truckee River views — a luxury alternative to Arlington Towers at a higher price floor and newer-finish premium.
Browse Riverwalk Towers homes →Submarket 4
Reno's eclectic walkable neighborhood south of downtown — condos, bungalows, and a dense dining and shopping scene, a short drive from Arlington Towers.
Browse Midtown Reno homes →Submarket 5
A historic walkable neighborhood next to the University of Nevada — bungalows and small multifamily near campus, popular with UNR faculty and investors.
Browse West University homes →Submarket 6
The most attainable entry into a downtown Reno high-rise address — direct Truckee River frontage, walkable access to the Riverwalk District and University of Nevada, and condos from $200K to $550K. Upper-floor units capture full river and city skyline views. The downtown building type that starts well below the luxury mid-rises while including secured entry, elevators, and on-site parking.
Browse Arlington Towers — The Downtown Reno Entry Point homes →Arlington Towers sits on the Truckee River at the western edge of downtown Reno, Nevada (ZIP 89501), within walking distance of the Riverwalk District, approximately 5 minutes from the University of Nevada campus, 10 minutes from Midtown Reno, 15 minutes from Sparks, and 20 minutes from Reno-Tahoe International Airport.
STILL DECIDING?
BY ZIP CODE
ZIP 89501 covers downtown Reno and the Truckee River corridor in Nevada. The table below puts this downtown ZIP in context against neighboring Reno ZIPs — median price, price per square foot, days on market, active inventory, and year-over-year price growth — all drawn from Northern Nevada Regional MLS data.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89501 | Downtown Reno · Truckee River · Arlington Towers | $325K | ~$320 | 38 | 60 | +4.0% |
| 89509 | Old Southwest Reno · Midtown | $560K | ~$340 | 32 | 120 | +3.0% |
| 89503 | Old Northwest Reno · West University | $480K | ~$330 | 30 | 110 | +2.8% |
| 89521 | South Reno · Damonte Ranch | $680K | ~$320 | 32 | 220 | +2.4% |
| 89523 | Somersett · Northwest Reno | $620K | ~$315 | 32 | 210 | +1.9% |
Source: Reno/Sparks Association of REALTORS and NNRMLS. Medians from active listings; YoY from closed sales, 2026 vs 2025 year-to-date. Per-sqft figures approximate. ZIP boundaries per Washoe County GIS.
Building & Floor Guide
Arlington Towers is a single established high-rise condominium community — twin towers on the Truckee River in downtown Reno. Rather than multiple builders, the building offers distinct unit tiers by floor, size, and view. Every unit shares one HOA structure, dues schedule, reserve fund, and CC&R rules, including the rental-cap policy.
Value Entry · Lower Floors
Most attainable downtown Reno price point
City & Partial River Views
Best value-to-view balance in the building
Full River & Skyline Views
Premium Truckee River and city views
Luxury Mid-Rise Alternatives
Newer-finish luxury tier above Arlington Towers
Eclectic · Walkable
Alternative walkable Reno neighborhood
Outdoor Recreation
Arlington Towers residents live at the intersection of the Truckee River and downtown Reno — the Riverwalk path at the door, the whitewater park steps away, and the Sierra Nevada within an hour. The City of Reno manages the riverfront parks and Riverwalk District that make downtown Reno one of the most walkable outdoor-access addresses in Northern Nevada.
STEPS AWAY
The downtown Reno Riverwalk runs along the Truckee River right past Arlington Towers — a scenic path linking riverfront restaurants, galleries, plazas, and seasonal events including Wine Walk and the farmers market.
5 MIN
A man-made whitewater course in the Truckee River through downtown Reno — kayakers, tubers, and swimmers use it all summer. One of the few downtown cores in the West with in-river recreation steps from a high-rise condo.
5 MIN
A small island park in the Truckee River hosting the summer Artown festival, free concerts, and community events — the cultural heart of downtown Reno's riverfront.
8 MIN
A large riverside park west of downtown with a rose garden, playgrounds, ball fields, and Truckee River access — a green retreat minutes from Arlington Towers.
10 MIN
Washoe County's flagship regional park near UNR — home to the Great Reno Balloon Race, the Wilbur D. May Arboretum, and miles of trails into the foothills.
5 MIN
The UNR campus offers public green spaces, the Knowledge Center, athletics, and cultural events — a short walk or drive north of Arlington Towers up Virginia Street.
45 MIN
North America's largest alpine lake is roughly 45 minutes via NV-431 or US-50 — beaches and boating in summer, world-class skiing at Mt. Rose and the Tahoe resorts in winter.
40 MIN
The closest major ski resort to Reno — roughly 40 minutes via NV-431, with the highest base elevation in the Lake Tahoe area and reliable Sierra snowpack.
The Arlington Towers Lifestyle
A Saturday in Arlington Towers: coffee on the Truckee Riverwalk — steps away per the City of Reno — kayaking the whitewater park, dining in the Riverwalk District, and Lake Tahoe 45 minutes away for Sunday. Truckee River frontage, walkable downtown living, and zero Nevada income tax.
THIS WEEKEND'S OPEN HOUSES
Arlington Towers condos typically show by appointment through the listing agent — weekend open houses are less common in downtown high-rise buildings than in suburban neighborhoods. Contact Nevada Real Estate Group at (775) 277-2120 to schedule a private showing or request a video walkthrough. Set up instant alerts to get notified when a unit in your price range becomes available.
Build a budget around the particular home and your circumstances. Obtain current financing terms, property records and service quotes before comparing the cost of a move. A community average cannot establish your tax bill, insurance premium, association charges or savings.
Ask a tax adviser to review income sources, residency dates and any continuing connections to another state. California-source income can remain taxable after a move; the Franchise Tax Board explains part-year and nonresident rules. A headline tax-rate comparison does not calculate your savings.
Get the exact parcel's current tax bill and assessment record from its county. Confirm the property's abatement status and any effect of new construction, a change in use or your circumstances with the assessor. Do not apply a community-wide percentage to a purchase price or assume a tax cap is automatic.
Use lender estimates, insurance quotes, association documents and utility information for the exact address. Include maintenance, moving expenses and any special assessments in the comparison. Renting and buying involve different costs and obligations; future equity or resale gains are not assured.
Check school assignments for the enrollment year and ask about choice-program applications. Investigate parcel-specific hazards and permitted uses with the responsible agencies. Review travel routes and the features that matter to you instead of relying on a broad safety score or a neighborhood recommendation based on household type.
Discuss the homes, budget and timing you want to evaluate with the team.
Explore relocation planningRELOCATION TIMELINE
Plan the purchase and move around your circumstances and the property's verified requirements. Coordinate the transaction, possession and moving arrangements with the relevant parties. For license and vehicle questions, consult the Nevada DMV new-resident guide. Confirm your own deadlines and any exemptions directly with the agency.
Compare homes using your budget, accessibility needs, desired features and travel routes. Evaluate the particular property and surroundings using your own priorities; a neighborhood label does not establish its suitability.
Ask a lender for terms based on your circumstances and the property. Obtain the parcel tax record, insurance quotes, association charges and other recurring costs; a community-wide estimate cannot establish your payment or approval.
Discuss services, compensation, communication and touring arrangements with the agent. Confirm the details in the applicable agreement before relying on a promised service or access to a property.
Check school assignments with the district for the enrollment year and ask about separate program applications. Review parcel-specific flood, wildfire, utility, zoning and intended-use questions with the relevant agencies and service providers.
Discuss price, deposit, contingencies and the proposed schedule with your agent and lender. The signed contract determines the transaction deadlines; market averages do not promise when an offer will be accepted or a purchase will close.
Arrange appropriate inspections and review disclosures, title information, association documents and financing conditions. Investigate unresolved findings with the relevant specialist before the contractual decision deadlines.
Verify which utilities serve the address, what deposits or appointments are required, and when service can begin. Coordinate access and the moving date with the agreed possession terms and any building or association requirements.
Confirm completion and possession with the closing parties before arranging access. Consult the Nevada DMV's current new-resident guide for license, registration, documentation and exemption requirements that apply to you.
ECONOMY & JOBS
Arlington Towers residents are walking distance from the downtown Reno employment core and 20 minutes from Reno-Tahoe International Airport. According to the U.S. Bureau of Labor Statistics, MSA unemployment runs near historic lows — driven by Renown Health, UNR, Tesla, and Switch. Downtown government, gaming, and professional services are the closest local employers.
Sources: U.S. Bureau of Labor Statistics, Nevada State Demographer. Last updated June 2026.
BUILDING COMPARISON
Still choosing between downtown Reno condo options? This table compares value-entry Arlington Towers ($325K, river-view), The Palladio ($575K, luxury mid-rise), Riverwalk Towers ($485K, newer river-view), and Midtown Reno ($420K, eclectic and walkable) side by side on price, pace, and fit. Metrics from RSAR, the U.S. Census, and BLS Reno-Sparks MSA.
| Metric | Arlington Towers | The Palladio | Riverwalk Towers | Midtown Reno |
|---|---|---|---|---|
| Median List Price | $325K | $575K | $485K | $420K |
| Price / Sq Ft | ~$320 | ~$450 | ~$420 | ~$340 |
| Days on Market | 38 | 45 | 42 | 35 |
| HOA / Month | $300–$500 | $400–$700 | $400–$650 | Varies |
| River Views | Yes (upper floors) | Yes | Yes (strong) | Limited |
| Property Type | Established High-Rise | Luxury Mid-Rise | High-Rise | Condo / Bungalow |
| Guard-Gated | No (secured entry) | No (secured + concierge) | No (secured entry) | No |
| Walk to UNR | ~5 min | ~5 min | ~5 min | ~10 min |
| Best For | Value Entry · River · Walkable | Luxury · Finishes · Concierge | Newer · River Views | Eclectic · Dining · Walkable |
Sources: Reno/Sparks Association of REALTORS, U.S. Census ACS. Last updated June 2026.
Build a property-specific budget using a lender quote, the parcel tax estimate, insurance quotes and association documents. The starting amounts below are editable illustrations, not current local rates or verified fees. Compare the result with your Loan Estimate, and budget separately for maintenance, utilities and closing costs.
Inputs are assumptions, not a loan offer, insurance quote or parcel tax calculation. This simplified fixed-rate example applies the selected PMI rate below 20% down; actual mortgage-insurance eligibility, cost and cancellation depend on the loan. Maintenance, utilities, closing costs and special assessments are additional. Review the CFPB housing budget guide and confirm amounts with the relevant providers.
BUYING AND RENTING
Compare actual homes that meet the same needs over your expected time in the area. A purchase price and an advertised rent alone do not establish which option costs less. Use current quotes and separate monthly cash flow, upfront cash, and the amount you might recover when moving.
Start with the down payment, lender and closing charges, and any immediate repairs. Add principal and interest, property taxes, insurance, mortgage insurance where applicable, association dues, utilities and ongoing maintenance. Identify expenses paid outside escrow so they are included in your household budget.
For a later sale, model the remaining loan balance and selling expenses. Appreciation is uncertain; compare unchanged-price and lower-price cases as well as any growth assumption. Principal repayment builds an ownership interest, but that does not guarantee a profit or make every cash payment recoverable.
Use an actual lease offer and confirm the term, deposit, renewal provisions, parking, pet charges, utilities and renter's insurance. Record which maintenance services are included and any costs or restrictions associated with an early move. An advertised starting rent may not include every required charge.
Keep the comparison consistent: use the same time period, household needs and moving assumptions. Include the cash that remains available when a down payment is not used, without assuming a guaranteed investment return. Your need for flexibility and responsibility for repairs also matter alongside the financial figures.
There is no verified community-wide holding period or five-year equity gain shown here. Ask your lender to explain financing assumptions and have a tax professional assess any claimed tax benefit for your circumstances. Keep a copy of the quotes and dates so you can update the comparison before making an offer.
PROPERTY-SPECIFIC ASSOCIATION COSTS
A community name does not establish a property's current dues or all the associations that govern it. Obtain the applicable resale package, budget and governing documents for the exact address. Confirm the effective date and payment frequency of each fee with the association or its manager.
Identify master and sub-association dues separately. Check whether utilities, exterior maintenance, insurance, amenities or club access are included, optional or billed separately. A listing's monthly figure may omit a quarterly or annual charge, and an advertised amenity does not establish membership rights.
Ask about transfer, document, capital-contribution and other transaction fees, as well as approved or proposed assessments. Confirm who pays each item under the contract. Review available reserve and budget information; historical dues are not a guarantee of future charges.
Verify the actual rules for leasing, pets, parking, property changes and amenity access. Age restrictions and gate staffing require their own current documentation. Do not assume neighboring subdivisions or similarly named communities have identical rules, services or fees.
COMMUTE & TRANSPORTATION
From Arlington Towers, the downtown core is walkable, UNR is 5 minutes, and the airport 20 minutes via US-395. Residents can live largely car-free for daily errands per U.S. Census ACS data — the Riverwalk District, dining, and transit are at the door, with on-site parking for commute days.
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC Washoe.
Quick Answer
Most Arlington Towers condo purchases close in 30–45 days; cash offers close in 7–14 days. Financed purchases require standard conforming underwriting, and most units fall well within the $766K conforming limit. The lender must also approve the building as warrantable; because Arlington Towers is an established high-rise, confirm warrantability before writing an offer.
Quick Answer
Most Arlington Towers purchases use conventional financing — the $200K–$550K range fits comfortably within the 2026 conforming limit of $766,550. Owner-occupant conventional loans typically want a 620+ credit score with 3–5% down, while investor purchases generally require 20–25% down and a stronger credit profile. Because Arlington Towers is an established high-rise, the building must be warrantable for conventional financing — confirm this with your lender first. Cash buyers face no credit requirement but should still budget 1–2% of the purchase price for closing costs.
Arlington Towers FAQ — 18 Answers
Arlington Towers condos run from roughly $200,000 for compact studio and one-bedroom units to $550,000-plus for larger upper-floor units with Truckee River and city views, per Northern Nevada Regional MLS data for ZIP 89501. The current median list price runs near $594,500 according to Reno/Sparks Association of REALTORS — one of the most attainable entry points into downtown Reno high-rise ownership.
Arlington Towers is the value-entry high-rise on the Truckee River — twin established towers at the western edge of downtown Reno with direct river and city views, on-site parking, and secured entry at a price point below the newer luxury mid-rises. While The Palladio and Riverwalk Towers command premium pricing for newer finishes, Arlington Towers offers the same downtown Reno walkability to the Riverwalk District and University of Nevada at a more attainable condo tier from $200K.
Arlington Towers is a condominium-only high-rise community — two established towers offering a range of floor plans from compact studios and one-bedroom units to larger two-bedroom layouts on the upper floors. Higher units frequently capture Truckee River and downtown skyline views. All units fall under HOA management covering building maintenance, common areas, elevators, secured entry, and on-site parking, with insurance on the building envelope handled by the association.
No — Arlington Towers is not a guard-gated community. It is a secured-entry high-rise condominium building in downtown Reno with controlled lobby access, elevators, and on-site parking rather than staffed entry gates. Security comes through the building access system and HOA governance. Buyers seeking detached single-family guard-gated security should look at suburban Reno communities such as ArrowCreek or Montreux rather than a downtown high-rise.
HOA fees in Arlington Towers typically run $300–$500 per month depending on the unit size and floor, which generally cover building maintenance, common areas, elevators, secured entry, water and trash, building-envelope insurance, and on-site parking. Contact Nevada Real Estate Group at (775) 277-2120 for current HOA dues on any specific listing — dues, reserve fund health, rental-cap policy, and any pending special assessments should all be verified during escrow.
Arlington Towers offers the practical amenities of an established downtown Reno high-rise: secured lobby entry, elevators, on-site assigned parking, and common-area maintenance handled by the HOA. Its true amenity is location — direct Truckee River frontage and a walkable position to the Riverwalk District restaurants, the downtown event corridor, and the University of Nevada campus. Specific amenity packages vary by floor and unit; confirm parking assignment and any storage with the listing during escrow.
Arlington Towers is in Washoe County and served by the Washoe County School District, which covers downtown Reno. Assigned schools in the downtown core typically include nearby elementary, middle, and high schools within the district, while regional options such as Davidson Academy on the UNR campus and Coral Academy of Science serve gifted and charter families. Confirm the current school-zone assignment for any specific unit with WCSD or the Washoe County Assessor before purchasing.
Arlington Towers sits within roughly five minutes of the University of Nevada, Reno — a short drive or walkable distance up Virginia Street from the downtown core to the UNR campus. This proximity makes the building attractive to university faculty, staff, graduate students, and investors targeting the steady UNR-driven rental demand. The downtown Riverwalk District and casino-entertainment corridor are also within walking distance from the towers.
Property taxes in Arlington Towers fall under Washoe County's jurisdiction. Nevada's effective property-tax rate runs roughly 0.5–0.7% of taxable value, and the state caps annual increases on a primary residence at 3% under Nevada Revised Statutes 361.471. On a $594,500 Arlington Towers condo, the annual tax bill typically runs approximately $1,625–$2,275 per Washoe County Assessor data — a meaningful carrying-cost advantage. Nevada also levies no state income tax, a notable benefit for owner-occupants and investors alike.
Many Arlington Towers units can be leased, but rental eligibility depends on the building HOA rental-cap policy and CC&Rs — some downtown Reno buildings limit the number of units that can be rented at any time. Before purchasing an Arlington Towers condo as a rental investment, verify the current rental cap, any waiting list, the minimum lease term, and short-term rental rules under Reno city ordinance. Steady University of Nevada and downtown-worker demand supports long-term leasing in this building.
Arlington Towers inventory is building-specific and limited — the two towers hold a finite number of units, and well-priced value-entry condos at the $200K–$550K tier change hands at a steady pace. Per NNRMLS data for ZIP 89501, attainable downtown Reno condos typically go under contract in roughly 49 days, while larger upper-floor river-view units can take longer. When an Arlington Towers unit is priced correctly for its floor and view, buyer competition from UNR-area and downtown-worker buyers can move it quickly.
Arlington Towers offers the most attainable entry into downtown Reno high-rise ownership — a walkable Truckee River address near UNR, the Riverwalk District, and the downtown revitalization corridor. Downtown Reno has seen sustained reinvestment, supporting long-run condo demand. Nevada's zero state income tax and 3% property-tax cap under NRS 361.471 add favorable carrying math. Buyers and investors benefit from steady University of Nevada and downtown-worker rental demand — subject to HOA rental-cap and Reno short-term rental verification.
Arlington Towers is downtown Reno's value-entry high-rise tier — most attainable at $200K–$550K, versus newer luxury mid-rises like The Palladio and Riverwalk Towers that often start above $400K and extend past $700K for premium river-view units. Arlington Towers trades newer finishes for a lower price floor and direct Truckee River frontage. Buyers get the same downtown walkability and UNR proximity at a price point the newer luxury buildings cannot match.
At a $594,500 Arlington Towers purchase with 20% down at 7% interest, principal and interest runs approximately $1,730/month. Add Washoe County property tax of roughly $160–$190/month, HOA dues of $300–$500/month covering building maintenance and parking, and homeowners insurance. Total monthly carrying costs for a financed purchase typically run $2,300–$2,600 before factoring Nevada's zero state income tax savings, which improve the ownership math for both owner-occupants and investors versus higher-tax states.
Before writing an offer on any Arlington Towers condo, request the full HOA document package: CC&Rs, bylaws, meeting minutes from the past two years, the reserve fund study, the current operating budget, the rental-cap policy, and any pending or recently levied special assessments. Building-envelope repair, elevator modernization, and parking-structure maintenance are common reserve fund line items in established high-rises — a reserve fund below 70% funded is a yellow flag. Confirm whether the HOA carries master hazard insurance on the building structure.
Most Arlington Towers purchases fall well within conforming loan limits — the 2026 conforming limit of $766,550 comfortably covers the $200K–$550K range. Conventional financing typically allows 3–5% down for owner-occupants with good credit, while investor purchases generally require 20–25% down. On a $594,500 purchase, a 5% down payment is $16,250 and a 20% investor down payment is $65,000. Confirm the building is warrantable with your lender first — older high-rises can have financing restrictions. Budget an additional 1–2% for closing costs. Call Nevada Real Estate Group at (775) 277-2120 to confirm current condo programs for downtown Reno buildings.
Arlington Towers is one of the strongest value-entry rental propositions in downtown Reno — a walkable Truckee River address near the University of Nevada, the Riverwalk District, and the downtown employment corridor, at a $200K–$550K price range more attainable than the luxury mid-rises. Rental demand from UNR faculty, graduate students, and downtown workers is steady year-round. The critical step: verify the building's HOA rental-cap policy and any short-term rental rules under Reno city ordinance before buying as an investment — some downtown buildings limit rentals.
Yes — Nevada Real Estate Group represents buyers and sellers throughout downtown Reno, including Arlington Towers condo transactions. Our agents prepare a custom CMA using NNRMLS closed data specific to ZIP 89501 and Arlington Towers' floor-and-view tiers. We have the buyer network to reach UNR-area, downtown-worker, and investor buyers who consistently target attainable downtown Reno condos. Call (775) 277-2120 or submit the form below for a no-obligation consultation.
Updated September 2026
STILL HAVE QUESTIONS?
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PEOPLE ALSO ASK
Beyond the main FAQ, these are the questions Arlington Towers buyers most frequently type into Google and AI assistants — each answered with verifiable specifics: prices sourced from the Reno/Sparks Association of REALTORS, HOA dues from building records, parking and rental-cap details from the HOA, and GreatSchools 2026 school ratings.
Arlington Towers offers the most attainable entry into downtown Reno high-rise ownership — a walkable Truckee River address near UNR and the downtown core. Downtown Reno revitalization supports long-run value. Strong University of Nevada and downtown-worker rental demand (verify the HOA rental-cap policy first), Nevada zero state income tax, and the 3% property-tax cap under NRS 361.471 create favorable long-term ownership math. Buyers and investors planning 5+ year holds have historically seen steady appreciation in ZIP 89501.
Arlington Towers is an established twin-tower high-rise condominium community in downtown Reno, Nevada, on the Truckee River at the western edge of the downtown core. It is the most attainable entry point into downtown Reno high-rise ownership at $200K–$550K — offering river and city views, secured entry, elevators, and on-site parking, walkable to the Riverwalk District and the University of Nevada.
Short-term rentals in Arlington Towers are subject to two layers of rules: (1) Reno city short-term rental ordinance — you must comply with city STR regulations for the unit; (2) the building HOA rental-cap policy and CC&Rs — many downtown Reno buildings limit the number of rentals or restrict short-term leasing. Both must be verified before purchasing as a rental investment. Operating a non-compliant rental can carry fines and affect resale value.
Yes — Arlington Towers includes on-site parking, typically assigned with the unit, as part of the established high-rise structure. Parking arrangements and the number of assigned spaces can vary by unit, so confirm the specific parking assignment, any additional space availability, and guest-parking rules with the listing and HOA during escrow. On-site secured parking is a practical advantage over street parking in the downtown core.
Arlington Towers is roughly five minutes from the University of Nevada, Reno — a short walk or drive up Virginia Street from the downtown core to the campus. This proximity makes the building attractive to university faculty, staff, and graduate students, and supports steady UNR-driven rental demand for investors. The downtown Riverwalk District and entertainment corridor are also within walking distance.
Upper-floor units command premium pricing for full Truckee River and downtown skyline views — these are the larger $425K–$550K condos. Entry-tier studios and one-bedroom units on lower floors in the $200K–$300K range offer the most attainable downtown Reno entry. Mid-floor units with partial river or city views in the $300K–$425K range offer the best balance of value and views within the building.
For buyers who want walkable downtown living, Truckee River frontage, and proximity to the University of Nevada, Arlington Towers and downtown Reno are uniquely positioned at an attainable price. For buyers who prioritize larger homes, yards, and top-rated suburban schools, South Reno master-planned communities like Damonte Ranch offer strong value at $600K–$850K versus $200K–$550K for a downtown condo — a different lifestyle at a different price.
Established high-rises can have financing nuances — lenders require the building to be warrantable, meaning adequate reserves, an acceptable owner-occupancy ratio, no major litigation, and proper insurance. Most conventional lenders finance Arlington Towers units when the building meets these conditions, but it is essential to confirm warrantability with your lender before writing an offer. A specialist agent and a lender experienced with downtown Reno condos can verify this early in the process.
WHY NEVADA REAL ESTATE GROUP
Deep knowledge of downtown Reno condo buildings — HOA structures, rental-cap policies, reserve fund health, warrantability, and parking across Arlington Towers, The Palladio, and Riverwalk Towers — plus 150+ licensed agents and 9,061+ verified five-star reviews. With 9,600+ closed transactions and $4.85B+ in total volume, Nevada Real Estate Group ranks #1 in Nevada.
WORK WITH THE BEST
Tell the team about your preferred area, budget, timing and property requirements. Ask about representation and the records needed to evaluate a particular home. Review current listings, comparable sales and the written terms of any services before deciding how to proceed. Contacting the team does not guarantee a purchase, sale price or response deadline.
NEARBY COMMUNITIES
Compare Arlington Towers with neighboring downtown Reno buildings and nearby Northern Nevada options. Each card pairs the drive time to Arlington Towers with the community's price positioning, so you can judge whether an adjacent neighborhood buys you a meaningfully different lifestyle.
More Reno communities
Shopping the whole city? Browse all Reno homes for sale — live MLS listings updated daily.
A–Z INDEX
Key downtown Reno and Northern Nevada communities — from Arlington Towers value-entry condos to luxury riverfront mid-rises to walkable Midtown and the University corridor. Every linked entry opens a dedicated page with current NNRMLS listings, price ranges, school-district notes, and HOA details for that specific community.
KEEP LEARNING
These guides extend the research most Arlington Towers buyers do next — exploring the broader downtown Reno condo market, comparing walkable Midtown options, and reviewing Northern Nevada community data — each written from the same NNRMLS data and primary sources used throughout this page.
GUIDE
The full downtown Reno condo and loft market — high-rises, mid-rises, and converted lofts from $200K to $700K+, including the luxury buildings above the Arlington Towers tier.
Read →GUIDE
Reno's eclectic walkable neighborhood south of downtown — condos, bungalows, and a dense dining and shopping scene, a short drive from Arlington Towers.
Read →MARKET REPORT
Truckee Meadows and Northern Nevada market data, neighborhood comparisons, and every Reno community page in one place.
Read →RELOCATION GUIDE
The Northern Nevada move playbook — taxes, cost of living, and neighborhoods.
Read →LIVING GUIDE
Jobs, cost, weather, and lifestyle for anyone weighing a move to Reno.
Read →Sources & Methodology
Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. The organizations below — from the U.S. Census Bureau to the Reno/Sparks Association of REALTORS — supply the underlying data; follow any link to verify a figure or pull deeper detail than we publish here.
Methodology: Listing data is sourced via Repliers IDX feed (Las Vegas MLS) and refreshed every 15 minutes. Demographic and economic data are pulled monthly via Census/BLS APIs. School data is refreshed quarterly. All comparisons are like-for-like (same metric, same time period).
Updated: September 2026 · Next update: October 15