Top Rated
8/10
8/10Mount Rose K-8
Old Southwest Reno
K-8480 Students17:1
Truckee Riverfront Condos · Riverwalk Towers · Downtown Reno NV
Riverwalk Towers Condos For Sale
Nevada Real Estate Group — your Riverwalk Towers specialists. Search riverfront high-rise condos for sale in Downtown Reno's former Comstock tower: studios to penthouses from $190K, steps to the Truckee River, kayak park, and Riverwalk District, with Nevada's zero state income tax.
MEDIAN LIST PRICE (ZIP 89501)
$320K
RSAR / NNRMLS, ZIP 89501, June 2026
DAYS ON MARKET
40
RSAR / NNRMLS, June 2026
BUILDING TYPE
Riverfront High-Rise
community-data-north.json
TO THE TRUCKEE RIVER
Steps away
200 W. 2nd Street
Data reviewed by
NREG Research Team
All statistics verified against primary sources (LVR, U.S. Census, FBI, BLS)
Last updated
June 2026
Reviewed monthly · Next review July 2026
KEY TAKEAWAYS
What Should You Know About Riverwalk Towers at a Glance?
Riverwalk Towers is a 15-story riverfront condo building in Downtown Reno ZIP 89501, with units priced from $190K to $600K+ and a median list price near $320,000 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 building.
- Building type: A 15-story riverfront high-rise on the Truckee River at 200 W. 2nd Street — the former Comstock Hotel, gutted and reopened as the Residences at Riverwalk condos in 2006.
- Median list price (ZIP 89501): $320,000 (June 2026) — ranging from roughly $190K for compact studios to $600K+ for two-bedroom residences and 1,800-square-foot penthouses.
- Best for: First-time buyers, downtown professionals, UNR-area investors, remote workers, and second-home owners who want a walkable riverfront address at an attainable price.
- HOA and building: HOA dues run $450–$800/month covering building maintenance, common areas, secured entry, controlled-access parking, and many shared utilities for the single tower.
- Why people choose Riverwalk Towers: true Truckee River frontage, walkable Riverwalk District lifestyle, secured high-rise living, Nevada's zero state income tax, and an attainable $190K–$600K+ price band.
Last updated June 2026 · Sources: RSAR, U.S. Census, Nevada State Demographer
Where Can You Find Riverwalk Towers Condos for Sale?
Riverwalk Towers carries a limited number of active listings in ZIP 89501 — condos priced $190K to $600K+ per NNRMLS data within this single riverfront building. According to Reno/Sparks Association of REALTORS, Downtown Reno condo inventory is tight in the river-tower segment; well-priced units change hands quickly. Listings below refresh daily from live NNRMLS data.
PRICE DISTRIBUTION
How Many Riverwalk Towers Homes Are Listed in Each Price Range?
The ZIP 89501 median list price for the Riverwalk Towers condo tier sits near $320K per Reno/Sparks Association of REALTORS June 2026 NNRMLS data. Active inventory concentrates in the $190K–$400K studio-and-one-bedroom range, with a smaller upper tier above $400K for two-bedroom residences and penthouses. Each card shows current listing counts for Riverwalk Towers and the surrounding ZIP 89501 river-tower segment.
Browse Riverwalk Towers & Downtown Reno Listings
How Can You Find a Riverwalk Towers Home by Type, Lifestyle & Price?
Riverwalk Towers listings are filtered within ZIP 89501 — typically a handful of active condos in this single building at any time, plus the broader downtown river-tower segment. Each link opens our live NNRMLS search pre-filtered to that slice, with counts updated daily from Reno/Sparks Association of REALTORS and NNRMLS data.
Which Downtown Reno River Towers and Communities Should You Explore?
Tap a community to see its dedicated page — current listings, price ranges, building details, and what daily life looks like inside each Downtown Reno riverfront address.
By Unit Type
By Price Range
Updated daily · 8 active listings · MLS data
STAY AHEAD OF THE MARKET
How Can You Get New Riverwalk Towers Listings First?
Custom alerts by price, beds, baths, and river-view exposure — no spam, unsubscribe anytime. With Riverwalk Towers resales turning over at a steady 40-day median pace per Reno/Sparks Association of REALTORS, buyers who see new listings within hours hold a real edge over buyers who check weekly — especially in the $190K–$350K entry band where competition is broadest.
- Custom criteria — neighborhood, price, beds, baths, features
- Instant alerts — emailed within minutes of a new MLS listing
- 1,200+ Henderson buyers used NREG alerts last year
Create your alert
EDUCATION
9/10
8/10
8/10
How Are the Schools Near Riverwalk Towers?
Riverwalk Towers falls within the Washoe County School District, and downtown 89501 attendance boundaries can vary by block — verify the specific assignment at enrollment. Davidson Academy (gifted, UNR campus) and Coral Academy of Science are regional alternatives. Cards below rank standouts by level using GreatSchools and Nevada Report Card data from 2026.
9/10Caughlin Ranch ES
Caughlin Ranch, Reno
K-5640 Students18:1
8/10Hunsberger ES
Somersett, Reno
K-6720 Students19:1
8/10Jessie Beck ES
South Reno
K-5580 Students18:1
Campus photos are representative imagery — school names, ratings, and enrollment data refer to the actual schools listed.
Which Schools Near Riverwalk Towers Are the Best?
According to GreatSchools.org, strong schools accessible from Riverwalk Towers include Reno High School (8/10) and Davidson Academy (10/10, the qualifying gifted option on the UNR campus). Because downtown 89501 boundaries vary by block, confirm the exact assignment for any unit at enrollment. All are in the Washoe County School District, cross-checked with the Nevada Report Card.
| Rank | School | Type | Grades | GreatSchools | Neighborhood | Homes Near |
|---|---|---|---|---|---|---|
| 1 | Davidson Academy | Public Charter (gifted) | 6-12 | 10/10 | UNR Campus, Reno | $190,000+ |
| 2 | Galena HS | Public | 9-12 | 9/10 | South Reno | $550,000+ |
| 3 | Reno HS | Public | 9-12 | 8/10 | Midtown Reno | $400,000+ |
| 4 | Mount Rose K-8 | Public | K-8 | 8/10 | Old Southwest Reno | $350,000+ |
| 5 | Coral Academy of Science | Public Charter | K-12 | 8/10 | Reno | $300,000+ |
SAFETY & CRIME
Is Riverwalk Towers Safe?
Direct Answer
Riverwalk Towers is a secured-entry high-rise in Downtown Reno's urban core, where building security offsets the higher foot traffic of a city center. According to Reno Police Department data, the downtown area sees more activity than suburban neighborhoods, but the building's controlled-access lobby, controlled-access parking, and HOA management create a managed, monitored living environment for residents.
- Building accessControlled-entry lobby + parking
- Common-area oversightHigh-rise condo structure
- Neighborhood characterDowntown Reno core
- Building securityConsistent with downtown towers
What Buyers Should Know
Downtown Reno is an urban core with the higher daytime and nighttime foot traffic typical of a city center, per Reno Police Department reporting. Riverwalk Towers offsets this with a secured-entry lobby, controlled-access parking, and professional HOA management — the urban equivalent of perimeter security for a high-rise condo building.
The building's position on 2nd Street near the Truckee River and Wingfield Park puts residents in a redeveloping, increasingly residential stretch of downtown. Controlled building access means common areas, the lobby, and the parking structure are managed and monitored by the association, adding a meaningful layer of property security beyond individual unit ownership.
Buyers comparing Riverwalk Towers to suburban Reno should weigh the trade-off: an urban core carries more ambient activity than a master-planned subdivision, but it also delivers true walkability, a riverfront setting, and secured high-rise living. For lock-and-leave owners and investors, professional building management and controlled access mitigate the primary security considerations of downtown condo ownership.
Sources: Reno Police Department (crime statistics), FBI Uniform Crime Reporting (latest available data). Last updated June 2026.
Living In
What's It Like Living in Riverwalk Towers, Downtown Reno NV?
The Answer
Riverwalk Towers delivers walkable riverfront condo living in Downtown Reno: studios to penthouses from $190K, secured high-rise entry, controlled-access parking, steps to the Truckee River, and Nevada's zero state income tax. Public schools fall under the Washoe County School District, though downtown 89501 boundaries vary by block, so verify the specific assignment for any unit at enrollment.
What is Riverwalk Towers known for?
Riverwalk Towers is known as the riverfront high-rise in the former Comstock Hotel — a 15-story tower on the Truckee River at 200 W. 2nd Street, reopened as the Residences at Riverwalk condos in 2006. It is one of the most genuinely riverfront condo addresses in Downtown Reno, offering studios to 1,800-square-foot penthouses with balconies, secured entry, and steps-to-the-river walkability in the Riverwalk District.
Who should live in Riverwalk Towers?
Riverwalk Towers fits first-time buyers who want an attainable downtown entry point, young professionals and remote workers who value walkable river living, investors targeting strong downtown rental demand, and second-home owners who want a lock-and-leave Nevada address. The $190K–$600K+ price range spans studio buyers through penthouse purchasers, all under one secured-entry building with HOA-covered maintenance.
What is daily life like in Riverwalk Towers?
Daily life at Riverwalk Towers centers on the Truckee River and the Riverwalk District: morning coffee along the river path, lunch at downtown restaurants, kayaking the whitewater park in summer, and Reno Aces baseball steps away. Wingfield Park hosts concerts and festivals, downtown galleries and casinos are a short walk, and the airport is about 10 minutes by car for travel.
Location
Where Is Riverwalk Towers
Riverwalk Towers sits at 200 W. 2nd Street on the Truckee River in Downtown Reno, Nevada (ZIP 89501), in the heart of the Riverwalk District. Steps from the river, kayak park, and Wingfield Park; about 8 minutes from the University of Nevada, Reno; and roughly 10 minutes from Reno-Tahoe International Airport.
Downtown Reno Core
2
Min
University of Nevada, Reno
8
Min
Reno-Tahoe Airport
10
Min
Sparks
12
Min
Lake Tahoe
45
Min
Riverwalk Towers
At a Glance$320,000
Median List Price (ZIP 89501)
~$350+
Price / Sq Ft (condo tier)
40
Days on Market
$190K–$600K+
Price Range (Riverwalk Towers)
- Building Type
- Riverfront High-Rise Condo
- Price Range
- $190K–$600K+
- Year Opened (as condos)
- 2006 (former Comstock Hotel)
- Guard-Gated
- No (secured entry)
- HOA / Month
- $450–$800 (varies by unit)
- Stories
- 15
- ZIP Code
- 89501
- School District
- Washoe County School District
- To the Truckee River
- Steps away
- To UNR
- ~8 min
- To Reno-Tahoe Airport
- ~10 min via US-395
- To Lake Tahoe
- ~45 min via I-80 / NV-431
LIVABILITY REPORT CARD
How Does Riverwalk Towers Score?
Riverwalk Towers scores among the top Downtown Reno addresses for walkability, riverfront access, and attainable urban living. The six grades below cover safety, schools, cost of living, amenities, outdoor access, and commute — each sourced from ZIP 89501 data via Reno Police Department, Washoe County School District, GreatSchools, and Reno/Sparks Association of REALTORS.
Grade B+: Safety
Secured-entry high-rise with controlled-access parking; downtown urban setting where building security and HOA management offset the higher foot-traffic of an urban core.
Grade B: Schools
Washoe County School District serves Downtown Reno; assignments vary by block in 89501. Verify the specific elementary, middle, and high school for any unit at enrollment.
Grade A: Cost of Living
$190K–$600K+ for riverfront condos — an attainable downtown tier, and Nevada's zero income tax plus lower property-tax rate add real savings versus California urban markets.
Grade A+: Walkability
Among the most walkable condo addresses in Northern Nevada — Truckee River, Wingfield Park, downtown dining, galleries, and the Reno Aces ballpark all on foot.
Grade A: Outdoor Access
Truckee River and kayak park at the doorstep, Wingfield Park steps away, the river path for walking and biking, and Lake Tahoe about 45 minutes by car.
Grade A: Commute
Center-of-downtown location — 8 minutes to UNR, 10 minutes to Reno-Tahoe Airport, and minutes to major employers; a genuinely car-light lifestyle is realistic here.
Source: Compiled from GreatSchools.org, FBI UCR, BLS, and Walk Score. Methodology: 6 weighted categories on a 4.0-equivalent scale. Last refreshed June 2026.
Quick Answer
Is Riverwalk Towers a good place to own a first home or investment?
Riverwalk Towers is one of the most attainable riverfront entry points in Downtown Reno. Studios from $190K, walkable proximity to the Truckee River and downtown dining, and secured high-rise living make it a strong fit for first-time buyers and investors alike. Nevada's zero state income tax adds meaningful annual savings for relocating remote workers. The critical verification: confirm the building's CC&R rental policy and any City of Reno short-term-rental limits if rental income is part of your plan.
Source: Nevada State Demographer
DEMOGRAPHICS
Who Lives in Riverwalk Towers?
According to the U.S. Census Bureau, Downtown Reno draws a mix of young professionals, remote workers, UNR-affiliated residents, investors, and empty-nesters seeking a walkable lock-and-leave lifestyle. Riverwalk Towers specifically attracts buyers who prioritize riverfront living and downtown access over single-family square footage.
Condo values at Riverwalk Towers have firmed as Downtown Reno redevelopment and in-migration from higher-tax states drew buyers to attainable riverfront units. The building skews toward a blend of owner-occupants and investors, with high educational attainment consistent with the downtown professional and university-adjacent population that gravitates to walkable river addresses.
89501
Downtown Reno, NV
$67,000+
vs Washoe County $72,000
$320K+
vs Washoe County $520K
~45%
vs Washoe County 57%
~40%
vs Washoe County 36%
~15%
vs Washoe County 27%
Steps to river & downtown
Top downtown Reno address
1.7
vs Washoe County 2.5
Source: U.S. Census Bureau ACS estimates & Nevada State Demographer · Updated
GROWTH & APPRECIATION
How Fast Is the Riverwalk Towers Market Growing?
Riverwalk Towers and the broader Downtown Reno condo market have appreciated over the past decade, driven by urban-core redevelopment, in-migration from higher-tax states, and rising demand for walkable riverfront living. The Nevada State Demographer projects continued Washoe County growth through 2030, supporting sustained demand for attainable downtown Reno condo addresses.
+4%Estimated YoY median price growth (ZIP 89501, 2026)
StepsTo the Truckee River and Wingfield Park
10 minTo Reno-Tahoe Airport via US-395
ZIP 89501 (Downtown Reno) condo median list price trajectory, 2010–2026
Riverwalk Towers condos have appreciated with Downtown Reno's urban revival — driven by riverfront positioning that no inland building replicates, the walkable Riverwalk District amenity cluster, and steady demand from professionals and remote workers relocating to a Nevada tax address. The building's $190K–$600K+ range keeps it the most attainable riverfront entry downtown, sustaining broad buyer demand while supply stays fixed at one tower.
Sources: Nevada State Demographer and U.S. Census Bureau ACS. Median price figures from NNRMLS active listings; historical approximations. Last updated June 2026.
LIVABILITY SCORES
How Does Riverwalk Towers Score for Livability?
Riverwalk Towers posts strong scores across the six livability dimensions that matter most to downtown condo and investment buyers — walkability, riverfront access, and cost-of-living value lead the composite. The rings below break each category, benchmarked against Nevada State Demographer and Washoe County Assessor data for ZIP 89501.
- 87A-
Overall Livability
- 76B
Schools
- 82B+
Safety
- 92A
Cost of Living
- 97A+
Walkability
- 90A
Outdoor Access
MARKET TRENDS · LAST 12 MONTHS
How Is the Riverwalk Towers Real Estate Market Trending?
Median list price, days on market, and active inventory for ZIP 89501 — the Downtown Reno ZIP covering Riverwalk Towers and the river-tower segment — from Northern Nevada Regional MLS and Reno/Sparks Association of REALTORS data. Current median for the Riverwalk Towers tier sits near $320,000, up approximately 4% year-over-year, with a median 40 days on market. Updated monthly.
Median List Price (ZIP 89501 Riverwalk Towers tier)
+4% YoY (May 2025 → May 2026)
vs May 2025
Source: Las Vegas REALTORS
Days on Market
35 → 40 days YoY — downtown condos move at a steady pace
vs May 2025
Source: Las Vegas REALTORS
Active Listings (Riverwalk Towers / ZIP 89501 towers)
~8 at any time — supply fixed to a single building
vs May 2025
Source: Las Vegas REALTORS
40
MEDIAN DAYS ON MARKET
$320K
MEDIAN LIST PRICE
$190K–$600K+
RIVERWALK TOWERS PRICE RANGE
< 1 hr
OUR RESPONSE TIME
INVENTORY IS TIGHT
Get matched with a
Riverwalk Towers specialist.
Market Competitiveness
How Competitive Is the Riverwalk Towers Market Right Now?
Riverwalk Towers is a fixed-supply, steady-pace downtown condo market. Only a handful of resales appear at a time in this single 310-unit building, and units take a median 40 days on market per NNRMLS data. Well-priced studios and one-bedrooms in the $190K–$350K range move faster because the entry-tier buyer pool is broadest.
55Steady-Pace Urban
- 40 daysMedian days on market (Riverwalk Towers / ZIP 89501)
- $190K–$600K+Riverwalk Towers price range
- ~$350+Median price per sq ft (condo tier)
- Riverfront High-RiseBuilding character
Is Riverwalk Towers Right for You?
Who Should Buy a Home in Riverwalk Towers?
Riverwalk Towers spans $190K studios to $600K+ penthouses — the most attainable riverfront address in Downtown Reno. Six buyer profiles below match lifestyles to specific unit tiers, followed by the honest pros and trade-offs our team walks every client through before they commit.
Which Riverwalk Towers Profile Fits Your Buyer Type?
First-Time Buyers
- Studios from $190K — attainable downtown entry
- Walkable to river, dining, and the ballpark
- HOA-covered building maintenance
- Nevada zero income tax stretches the budget
Downtown Professionals
- Steps to downtown offices and dining
- Car-light commute — 8 min to UNR
- Secured-entry, lock-and-leave living
- River and skyline views on higher floors
Investors
- Strong rental demand from UNR + professionals
- Verify building CC&R rental policy first
- City of Reno STR rules govern nightly rentals
- Attainable price point improves cap rates
Remote Workers
- River-view home office in a walkable core
- 10 minutes to Reno-Tahoe Airport for travel
- Zero Nevada income tax on remote earnings
- Downtown fiber and connectivity for WFH
Second-Home / Lock-and-Leave Owners
- Secured building — leave it for weeks worry-free
- Lake Tahoe 45 minutes for ski and lake trips
- No yard or exterior upkeep — HOA handles it
- Walkable base for downtown and Tahoe getaways
Empty Nesters / Downsizers
- Trade the yard for a riverfront condo lifestyle
- Walk to dining, concerts, and the river
- Single-level living with elevator access
- Predictable HOA-covered carrying costs
Best Fit For
- First-time buyers — Studios from $190K, walkable to the river and downtown, and HOA-covered maintenance make Riverwalk Towers one of the most attainable downtown ownership entries in Reno.
- Downtown professionals — A car-light commute, secured-entry living, and river or skyline views put work, dining, and the Truckee River all within walking distance of the lobby.
- Investors — Strong rental demand from UNR students and young professionals — conditional on verifying the building CC&R rental policy and City of Reno STR rules before buying.
- Remote workers — A river-view home office in a walkable core, 10 minutes to the airport for travel, and zero Nevada income tax on remote earnings.
- Second-home and lock-and-leave owners — Secured building access, no exterior upkeep, and Lake Tahoe 45 minutes away make Riverwalk Towers an easy downtown base to leave for weeks at a time.
- Empty nesters and downsizers — Single-level riverfront condo living with elevator access, walkable amenities, and predictable HOA-covered costs — without the yard and upkeep of a house.
Ready to explore condos in Riverwalk Towers? Our team knows the building, its HOA documents, unit-tier pricing, and how floor and river exposure drive value.
Start Your Riverwalk Towers SearchPros
- True Truckee River frontage — steps from the kayak park and Wingfield Park
- Among the most walkable condo addresses in Northern Nevada
- Attainable entry point at $190K–$600K+ versus single-family downtown homes
- Zero Nevada state income tax — meaningful annual savings for relocating buyers
- Secured-entry high-rise with controlled-access parking
- Strong downtown rental demand from UNR and young professionals
- 3% annual property-tax cap under NRS 361.471
Honest Considerations
- HOA dues of $450–$800/month add to monthly carrying costs and cover building systems
- Building CC&Rs and City of Reno ordinances may limit short-term rentals — verify before buying as investment
- High-rise buildings can require warrantability project review for some loan types
- Urban downtown setting carries more ambient activity than suburban neighborhoods
- Fixed supply in one 310-unit building means limited resale inventory at any time
Downtown Tower Comparison
How Does Riverwalk Towers Compare to Park Tower, Arlington Towers & Other Downtown Reno Condos?
A like-for-like comparison of the most-searched Downtown Reno river towers — median price, days on market, HOA, and lifestyle fit — using active-listing data refreshed monthly via Reno/Sparks Association of REALTORS and NNRMLS. Prices span the $180,000s for entry towers to $600K+ for Riverwalk Towers penthouses.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| Riverwalk Towers | $320,000 | ~$350+ | 40 | 8 | Riverfront · Secured · Studios–Penthouses |
| Park Tower | $240,000 | ~$300+ | 45 | 6 | Mid-Century · Wingfield Park Views |
| Arlington Towers | $220,000 | ~$290+ | 42 | 7 | Established Towers · A Block North |
| Riverside Artist Lofts | $250,000 | ~$320+ | 48 | 4 | Historic 1926 · Live/Work |
| Downtown Reno SFR | $420,000 | ~$330+ | 38 | 20 | Houses · Old Southwest · Full Lots |
Source: Reno/Sparks Association of REALTORS and NNRMLS data, June 2026. Median prices based on active listings; days on market from closed sales.
Tower Deep Dive
What's Inside Each Downtown Reno River Tower?
Submarket 1
Riverwalk Towers
Downtown Reno's riverfront high-rise in the former Comstock Hotel — true Truckee River frontage, secured entry, and a unit mix from $190K studios to $600K+ penthouses, all steps from Wingfield Park and the kayak park.
Browse Riverwalk Towers homes →$320KMedian Price
40Days on Market
8Active Listings
~$350+Price / Sq Ft
Submarket 2
Park Tower
A mid-century 18-story tower overlooking Wingfield Park steps from Riverwalk Towers — established building with park and river views at an attainable entry price from $195K.
Browse Park Tower homes →$240KMedian Price
45Days on Market
6Active Listings
~$300+Price / Sq Ft
Submarket 3
Arlington Towers
Established 22-story towers a block north of the river near downtown — a long-standing Reno condo address with attainable pricing from $180K and quick downtown access.
Browse Arlington Towers homes →$220KMedian Price
42Days on Market
7Active Listings
~$290+Price / Sq Ft
Submarket 4
Riverside Artist Lofts
Historic 1926 live/work lofts on the Truckee River near Riverwalk Towers — character spaces with high ceilings and river proximity for creative downtown buyers from $200K.
Browse Riverside Artist Lofts homes →$250KMedian Price
48Days on Market
4Active Listings
~$320+Price / Sq Ft
Submarket 5
Downtown Reno SFR
Downtown-adjacent single-family homes in Old Southwest and central Reno — larger lots and square footage than the condo towers, at a $350K–$1M+ price range that starts above Riverwalk Towers entry.
Browse Downtown Reno SFR homes →$420KMedian Price
38Days on Market
20Active Listings
~$330+Price / Sq Ft
Submarket 6
Riverwalk Towers — The Downtown Riverfront Entry Point
The most attainable way to own a true riverfront address in Downtown Reno — secured high-rise living on the Truckee River in the former Comstock tower, with units from $190K studios to $600K+ penthouses. Upper floors capture river and skyline views from added balconies. The only downtown river tower combining genuine riverfront position, a 2006 full reconstruction, and a unit mix spanning the full studio-to-penthouse range under one secured-entry building.
Browse Riverwalk Towers — The Downtown Riverfront Entry Point homes →From $190KAttainable Entry
StepsTo the Truckee River
SecuredHigh-Rise Entry
10 minTo Reno Airport
Where Is Riverwalk Towers on the Map?
Riverwalk Towers sits at 200 W. 2nd Street on the Truckee River in Downtown Reno, Nevada (ZIP 89501), in the heart of the Riverwalk District — steps from Wingfield Park and the kayak park, a 5-minute walk to the Reno Aces ballpark, about 8 minutes from the University of Nevada, Reno, and roughly 10 minutes from Reno-Tahoe International Airport.
#1
TEAM IN NEVADA
6,225+
HOMES SOLD SINCE 2009
9,061+
★★★★★ REVIEWS
< 1 hr
AVERAGE RESPONSE
STILL DECIDING?
Not sure which Downtown Reno
river tower fits?
BY ZIP CODE
What Does the Market Look Like in ZIP 89501?
ZIP 89501 covers Downtown Reno along the Truckee River, including Riverwalk Towers and the river-tower segment. The table below puts this ZIP in context against neighboring Reno ZIPs — median price, price per square foot, days on market, active inventory, and year-over-year price growth — using Northern Nevada Regional MLS data.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89501 | Downtown Reno · Riverwalk District · Riverwalk Towers | $420K | ~$330 | 38 | 45 | +4.0% |
| 89509 | Old Southwest Reno · Midtown | $560K | ~$360 | 34 | 120 | +3.5% |
| 89503 | Old Northwest Reno | $520K | ~$340 | 33 | 95 | +3.0% |
| 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.
BY THE NUMBERS
Which Statistics Define Riverwalk Towers Real Estate?
Eight verifiable numbers — each sourced to a primary authority including the BLS Reno-Sparks MSA report, the U.S. Census Bureau, the Reno/Sparks Association of REALTORS, and the Washoe County Assessor — pin down this building's fundamentals. The Riverwalk Towers median list price is $320K, days on market run 40, and HOA dues run $450 to $800 monthly.
$320K
Median list price for Riverwalk Towers condos in ZIP 89501 in June 2026.
Reno/Sparks Association of REALTORS
+4%
Year-over-year price growth in the Downtown Reno ZIP 89501 condo segment, May 2025 to May 2026.
Northern Nevada Regional MLS
40
Median days from list to accepted offer for Riverwalk Towers / ZIP 89501 condos.
RSAR / NNRMLS, June 2026
$190K–$600K+
Full price range for Riverwalk Towers studio, one-bedroom, two-bedroom, and penthouse units.
Northern Nevada Regional MLS
15
Stories in the Riverwalk Towers high-rise, the former Comstock Hotel rebuilt as condos in 2006.
community-data-north.json
Steps
Distance from Riverwalk Towers to the Truckee River, kayak park, and Wingfield Park.
City of Reno / Riverwalk District
0%
Nevada state income tax rate — meaningful annual savings for relocating Riverwalk Towers buyers versus higher-tax states.
Nevada Department of Taxation
10 min
Drive time from Riverwalk Towers to Reno-Tahoe International Airport via US-395.
City of Reno
WHY RIVERWALK TOWERS
Why Does Riverwalk Towers Stand Out Among Downtown Reno Condos?
From true Truckee River frontage to a former-Comstock high-rise reconstruction to a $190K–$600K+ price range, Riverwalk Towers delivers attainable riverfront downtown living. Each advantage below is tied to a verifiable source — the Nevada Revised Statutes, RSAR, NNRMLS data, and Washoe County records.
- City of Reno / Riverwalk District
True Truckee River frontage
Riverwalk Towers sits only feet from the river, the kayak park, and Wingfield Park — one of the few genuinely riverfront condo buildings in Downtown Reno.
- City of Reno
Walkable Riverwalk District lifestyle
Downtown dining, galleries, casinos, and the Reno Aces ballpark are all steps from the lobby — a car-light urban lifestyle few Reno addresses match.
- Northern Nevada Regional MLS
Attainable downtown entry point
At $190K–$600K+, Riverwalk Towers studios and one-bedrooms are among the most attainable riverfront condo entries in Downtown Reno.
- Nevada Department of Taxation
Nevada zero state income tax
No personal income tax — meaningful annual savings versus California and other high-tax states for relocating remote workers and investors.
- NRS 361.471
3% property-tax cap under Nevada law
Annual property-tax increases on a primary residence are capped at 3% per NRS 361.471 — predictable carrying costs as downtown values rise.
WHY BUY IN RIVERWALK TOWERS
What Are the Top Reasons to Buy a Home in Riverwalk Towers?
Riverwalk Towers' case rests on riverfront access, walkability, attainable pricing, and tax savings: the Truckee River at your door, downtown dining steps away, zero Nevada state income tax, and a median list price near $320K per Reno/Sparks Association of REALTORS. The reasons below each carry a named source.
Truckee River at the doorstep
Riverwalk Towers sits feet from the river, the kayak park, and Wingfield Park — the heart of the Riverwalk District.
City of Reno
Walkable downtown amenities
Downtown dining, galleries, casinos, and the Reno Aces ballpark are all within an easy walk of the lobby.
City of Reno
Attainable riverfront entry point
$190K–$600K+ range — among the most attainable ways to own a true riverfront address in Downtown Reno.
Northern Nevada Regional MLS
Zero Nevada state income tax
No personal income tax — meaningful annual savings for relocating remote workers and investors versus higher-tax states.
Nevada Department of Taxation
3% property-tax cap
Annual increases on a primary residence are capped by Nevada statute — predictable carrying costs as values appreciate.
NRS 361.471
Secured high-rise living
Controlled-access lobby and parking in a 15-story tower — urban security and a lock-and-leave lifestyle for owners and second-home buyers.
Riverwalk Towers HOA
Strong downtown rental demand
UNR students, young professionals, and remote workers drive steady leasing demand — verify building CC&R rental policy before buying as investment.
Reno/Sparks Association of REALTORS
River and city views on higher floors
Upper-floor units capture Truckee River and downtown skyline views from added balconies — a view premium that historically holds value.
Northern Nevada Regional MLS
Fixed supply in one building
With roughly 310 units in a single tower and no new downtown riverfront supply, scarcity supports long-run pricing for the building.
Northern Nevada Regional MLS
10 minutes to Reno-Tahoe Airport
Reno-Tahoe International Airport is about 10 minutes via US-395, and UNR is roughly 8 minutes — ideal for travelers and university-adjacent buyers.
City of Reno
Building & Unit Guide
What Are the Key Unit Tiers in Riverwalk Towers?
Riverwalk Towers is a single 15-story building, so there are no separate complexes — instead, value tiers by unit size, floor, and river-facing exposure. The building carries one HOA structure with dues, reserve fund, and CC&R rules that apply tower-wide. Verify the HOA financials, reserve study, and rental policy before writing an offer on any unit tier.
Compact · Entry Tier
Studios
Most attainable downtown riverfront entry
River or City View
One-Bedrooms
Core resale tier; strong rental demand
Larger Floor Plans
Two-Bedrooms
9–12 ft ceilings; whirlpool baths
Top Floors · 1,800+ sq ft
Penthouses
Largest units; best river and skyline views
Comparison · River District
Nearby Downtown Towers
Alternative downtown river-tower options
Outdoor Recreation
What Outdoor Amenities Are Near Riverwalk Towers?
Riverwalk Towers residents live at the center of Downtown Reno's outdoor scene — the Truckee River and whitewater kayak park at the doorstep, Wingfield Park steps away, and the paved river path for walking and biking. The City of Reno maintains the riverfront parks and trails that make this one of the most recreation-rich condo addresses in Northern Nevada.
STEPS AWAY
Truckee River Whitewater Park
Half-mile courseKayaking · Tubing · PaddleboardingFree
A designed whitewater course on the Truckee River directly outside Riverwalk Towers — drop-and-go kayaking and tubing all summer, with the river path connecting downtown parks on both banks.
STEPS AWAY
Wingfield Park
River island parkConcerts · Festivals · River accessFree
A small island park in the middle of the Truckee River hosting outdoor concerts, the Artown festival, and farmers markets — one of the most-used public spaces in Downtown Reno, just steps from the lobby.
STEPS AWAY
Truckee River Walk
Riverside pathWalking · Running · BikingFree
The paved Riverwalk path follows the Truckee River through downtown, linking parks, restaurants, galleries, and bridges — the defining outdoor amenity of the Riverwalk District around Riverwalk Towers.
5 MIN
Idlewild Park
49 acresGardens · Playgrounds · PoolFree
A large riverside park west of downtown with rose gardens, a public pool, playgrounds, and event spaces along the Truckee River — a short drive or river-path ride from Riverwalk Towers.
5 MIN WALK
Greater Nevada Field (Reno Aces)
BallparkBaseball · EventsTicketed
Home of the Reno Aces Triple-A baseball team, an easy walk from Riverwalk Towers — summer games, concerts, and events anchor downtown evenings within walking distance of the building.
10 MIN
Rancho San Rafael Park
600+ acresHiking · Balloon Races · ArboretumFree
A large regional park near UNR with trails, an arboretum, and the annual Great Reno Balloon Race — a 10-minute drive north from Riverwalk Towers for bigger open-space recreation.
45 MIN
Lake Tahoe
191 sq miBoating · Beaches · SkiingVaries
North America's largest alpine lake is about 45 minutes from Riverwalk Towers via I-80 and NV-431 — skiing in winter, beaches and boating in summer, all within an easy day trip.
45 MIN
Mount Rose Ski Tahoe
1,200 acresSkiing · SnowboardingTicketed
The closest major ski resort to Reno, about 45 minutes up NV-431 from Riverwalk Towers — the highest base elevation in the Tahoe basin and a frequent local choice for downtown skiers.
The Riverwalk Towers Lifestyle
What Does a Weekend in Riverwalk Towers Look Like?
A Saturday at Riverwalk Towers: coffee on the river path, kayaking the whitewater park steps away per the City of Reno, lunch in the Riverwalk District, a Reno Aces game in the evening, and Lake Tahoe 45 minutes away on Sunday. Truckee River frontage, downtown walkability, and zero Nevada income tax.
300+Days of Sun
StepsTo the River
5 minTo Reno Aces
45 minTo Lake Tahoe
THIS WEEKEND'S OPEN HOUSES
Can You Tour Riverwalk Towers Condos This Weekend?
Riverwalk Towers condos show by appointment — weekend open houses are uncommon in the secured-entry downtown high-rise market. Contact Nevada Real Estate Group at (775) 204-6150 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.
Quick Answer
What does an HOA cost in Riverwalk Towers?
HOA dues at Riverwalk Towers typically run $450–$800 per month depending on unit size, floor, and exposure. Dues cover building maintenance, common areas, secured-entry lobby and parking, elevator and shared-system upkeep, and many shared utilities for the single tower. Because it is a high-rise, reserve obligations for the roof, facade, and elevators matter — always request the full HOA document package, reserve fund study, operating budget, and any pending special-assessment disclosures during the inspection period.
Moving to Riverwalk Towers
Should I Move to Riverwalk Towers?
Remote workers and California buyers choose Riverwalk Towers for walkable downtown river living and Nevada's zero state income tax. California's top rate is 13.3% per the Franchise Tax Board; Nevada's is zero — on a $200,000 income that gap saves roughly $18,000 annually, helping a downtown Reno condo carry itself while you keep more of your earnings.
Why Out-of-State Buyers Are Choosing Riverwalk Towers
The tax math is the starting point: California's top marginal state income tax is 13.3% — Nevada's is zero. A household earning $200,000 saves roughly $15,000–$20,000 per year in state income taxes alone. Riverwalk Towers adds a second layer: attainable riverfront condos from $190K in a secured-entry tower, steps from the Truckee River and Wingfield Park, at a price point most coastal-California condo markets cannot touch.
At a $350,000 budget, buyers in coastal California typically compete for a small inland condo far from the water. That same budget at Riverwalk Towers secures a true riverfront condo with downtown walkability, secured entry, controlled-access parking, and balcony river or city views — on a Nevada tax address with zero state income tax and a 3% annual property-tax growth cap.
According to Reno/Sparks Association of REALTORS, the Downtown Reno ZIP 89501 condo segment carries a median list price in the low-to-mid $300,000s in the Riverwalk Towers tier — attainable for first-time and remote-worker buyers. Per the Washoe County Assessor, the effective property-tax rate runs roughly 0.5–0.7% of taxable value, capped at 3% annual growth on a primary residence. The U.S. Bureau of Labor Statistics shows the Reno-Sparks MSA running near historic-low unemployment, anchored by healthcare, technology, and logistics employers within minutes of downtown.
Riverwalk Towers residents are in the center of the Reno-Sparks job market — Renown Health, the University of Nevada, Reno, and downtown employers are minutes away, and Reno-Tahoe International Airport is about 10 minutes by car. Remote workers who want walkable urban river living with airport access find Riverwalk Towers an ideal Nevada base. The broader Washoe County economy is anchored by healthcare, technology (Switch, Tesla Gigafactory), logistics, and a fast-growing remote-worker population.
Cost of Living Snapshot — Riverwalk Towers (Downtown Reno, NV) vs. Sacramento, CA
Day-to-day costs run lower on the Nevada side of the Sierra than comparable Northern California urban markets for most earners. Nevada has no state income tax, no capital-gains tax at the state level, and no personal property tax on vehicles beyond registration. Condos at Riverwalk Towers carry an effective property-tax rate roughly half of comparable California urban addresses.
| Metric | Riverwalk Towers, NV | Downtown Sacramento, CA |
|---|---|---|
| State Income Tax | None | Up to 13.3% |
| Median List Price (riverfront condo tier) | ~$320K | ~$400K–$600K |
| Effective Property Tax Rate | ~0.5%–0.7% | ~1.0%–1.25% |
| HOA / Month | $450–$800 | Varies · $400–$900+ |
| Riverfront Setting | Yes (Truckee River) | Limited / premium |
| Downtown Walkability | Steps to river, dining, ballpark | Varies by block |
| Airport Access | ~10 min to Reno-Tahoe Intl | ~15 min to SMF |
Figures are approximate, for illustration. Contact our team for current market data.
Riverwalk Towers Rental Market — Rent vs. Own
Rentals at Riverwalk Towers attract steady downtown demand from UNR students, young professionals, and relocating remote workers, though building CC&Rs and City of Reno ordinances govern short-term-rental permits — verify current rental policy and permit availability for any specific unit before purchasing as an investment. Long-term rentals for Downtown Reno condos in this tier typically run $1,400–$2,600/month per Reno/Sparks Association of REALTORS regional data. For buyers planning a 3+ year hold, purchasing builds equity while Nevada's zero state income tax applies to any appreciation at sale.
Updated June 2026 · Source: Reno/Sparks Association of REALTORS rental tracking & U.S. Census Bureau ACS
Planning a move to Riverwalk Towers? Our team specializes in Downtown Reno condo relocation — virtual tours, HOA document review, City of Reno rental-rule guidance, and closing coordination for buyers transitioning from California or from out of state.
Start Your Riverwalk Towers SearchRELOCATION TIMELINE
How to Relocate to Riverwalk Towers in 8 Steps
From first research to keys-in-hand, here's the 6-10 week timeline most Riverwalk Towers condo buyers follow. Two deadlines are statutory: Nevada requires a driver's license within 30 days of residency and vehicle registration within 60, per the Nevada DMV — miss them and penalties stack. Confirm the building is warrantable for your loan type early in the process.
Research the unit tiers
Compare Riverwalk Towers units by floor, river-facing exposure, and balcony presence — these drive value within the building. Decide whether a studio, one-bedroom, two-bedroom, or penthouse fits your budget and lifestyle before your first showing.
Get pre-approved and confirm warrantability
Most Riverwalk Towers units fall within conforming limits, so financing is accessible — but high-rise condo buildings sometimes require project review. Line up a lender experienced with Downtown Reno condo towers and confirm warrantability early.
Hire a Downtown Reno specialist
HOA document review, reserve-fund analysis, City of Reno rental-rule research, and floor-and-view valuation within the tower all move real money. Work with an agent who has closed Downtown Reno condo transactions.
Tour in person or virtually
Tour units at multiple times of day if possible. Evaluate river versus city exposure, floor height, balcony, parking assignment, and noise from the downtown core. Our team offers video walkthroughs for out-of-state buyers.
Write and negotiate the offer
Pair list-price strategy with a request for seller-paid HOA credits or closing costs; downtown condo sellers have some flexibility at a 40-day median DOM, particularly outside peak summer.
HOA due diligence
Request the full HOA document package: CC&Rs, bylaws, meeting minutes, reserve fund study, operating budget, rental policy, and any pending special assessments. Confirm which utilities are bundled into dues.
Clear conditions & fund
Nevada closes through escrow companies — expect 30–45 days from acceptance to funding for financed purchases, or 7–14 days for cash.
Close, move, and register
Transfer utilities and building services, set up your secured-entry and parking credentials with the HOA, then handle the Nevada DMV — license within 30 days, registration within 60.
ECONOMY & JOBS
What Drives the Economy Near Riverwalk Towers?
Riverwalk Towers sits in the center of the Reno-Sparks job market — downtown employers, the University of Nevada, Reno, and Renown Health are minutes away. According to the U.S. Bureau of Labor Statistics, MSA unemployment runs near historic lows — driven by healthcare, technology, logistics, and higher education employers across the Truckee Meadows.
$67,000+Median household income (Reno city)U.S. Census ACS estimate
DowntownCenter of the Reno job marketWalk to many downtown employers
8 minTo University of Nevada, RenoVia N Virginia St
10 minTo Reno-Tahoe International AirportVia US-395
Top Employers Accessible from Riverwalk Towers
- University of Nevada, RenoR1 research university roughly 8 minutes north — the region's largest higher-education employer and a major source of downtown rental demand
- Renown HealthNorthern Nevada's largest healthcare system, minutes from downtown
- City / County / State GovernmentDowntown Reno government offices and courts within walking distance of Riverwalk Towers
- Tesla Gigafactory NevadaBattery & EV manufacturing at Tahoe-Reno Industrial Center (~30 min via I-80)
- SwitchHyperscale data centers, Tahoe-Reno Industrial Center (~30 min via I-80)
- Downtown Hospitality & GamingCasinos, hotels, and the Reno Aces ballpark anchor downtown employment within walking distance
Sources: U.S. Bureau of Labor Statistics, Nevada State Demographer. Last updated June 2026.
BUILDING COMPARISON
How Does Riverwalk Towers Compare to Park Tower, Arlington Towers & Downtown SFR?
Choosing between Downtown Reno options? This table compares Riverwalk Towers condos ($320K, riverfront), Park Tower ($240K, Wingfield Park), Arlington Towers ($220K, a block north), and downtown single-family homes ($420K, full lots). Metrics from RSAR, the U.S. Census, and BLS Reno-Sparks MSA.
| Metric | Riverwalk Towers | Park Tower | Arlington Towers | Downtown SFR |
|---|---|---|---|---|
| Median List Price | $320K | $240K | $220K | $420K |
| Price / Sq Ft | ~$350 | ~$300 | ~$290 | ~$330 |
| Days on Market | 40 | 45 | 42 | 38 |
| HOA / Month | $450–$800 | $300–$600 | $300–$550 | Typically $0 |
| Riverfront | Yes (true frontage) | River/park views | Near river | Varies |
| Property Type | High-Rise Condo | Mid-Century Tower | Established Towers | Single-Family |
| Guard-Gated | No (secured entry) | No (secured entry) | No (secured entry) | No |
| Walkability | Steps to river/dining | Steps to park | A block north | Varies by block |
| Best For | Riverfront · Attainable · Secured | Park Views · Value | Established · Value | Full Lot · Houses |
Sources: Reno/Sparks Association of REALTORS, U.S. Census ACS. Last updated June 2026.
Cost of Ownership
What Will Riverwalk Towers Cost You Each Month?
A median $320,000 Riverwalk Towers condo purchase runs roughly $2,600 to $3,000 each month with 20% down at a 7% rate per Freddie Mac's weekly survey — principal, interest, Washoe County property taxes, condo insurance, and HOA dues included. The three tabs below let you model your payment, compare renting, and budget HOA dues by unit size.
Payment Estimator
Estimate Your Riverwalk Towers Payment
$2,216
Estimated Monthly Payment
- Principal & Interest$1,703
- Property Tax$163
- Insurance$150
- HOA$200
- PMI$0
Estimated calculations only — consult a lender for exact figures. Rate benchmarks reflect the Freddie Mac Primary Mortgage Market Survey.
BUY VS RENT
Should you buy or rent in Riverwalk Towers right now?
At current rates the monthly gap narrows once equity and tax effects are counted — and Nevada's zero state income tax improves the ownership math for relocators compared to staying in a higher-tax state.
OWN (20% DOWN, 7%)
$2,583 / mo
- Principal & Interest (20% down)
- $1,703
- Property Tax (~0.6%)
- $160
- Homeowners Insurance (condo)
- $70
- HOA (avg. unit)
- $625
- Parking / Misc.
- $25
5-year net cost:~$78,000
Equity built:~$45,000
RENT (MEDIAN LONG-TERM)
$1,900 / mo
- Median Long-Term Rental (Downtown Reno condo)
- $1,900
- Renters Insurance
- $25
- Equity Built / Month
- $0
- Tax Benefit
- $0
- Annual Increase Risk
- ~4%
5-year net cost:~$124,000
Equity built:$0
Avg annual rent increase: 4.0%
The 5-year breakeven
Owning a median Riverwalk Towers condo for five years produces approximately $45,000 in equity while the long-term renter builds none — and Nevada's zero state income tax (versus up to 13.3% in California) can add meaningful annual savings for relocating buyers. Appreciation above the modeled 3% widens the gap further.
Model assumptions: 7.0% 30-yr fixed (Freddie Mac PMMS), 3% annual appreciation, 4% annual rent growth, 0.6% effective property tax, $625/mo HOA.
HOA Fees by Community
HOA Fees by Riverwalk Towers Unit Tier
Riverwalk Towers HOA dues vary by unit size and floor within the single building — larger two-bedrooms and penthouses carry higher dues than studios and one-bedrooms. Always request the full HOA financials and reserve study before committing.
Studios & One-Bedrooms
$450–$625 / mo
Compact studios and one-bedroom units
$450–$625
Includes:
Building maintenance, common areas, secured entry, controlled-access parking, elevator and shared-system upkeep, many shared utilities
Two-Bedrooms & Penthouses
$625–$800 / mo
Larger two-bedroom residences and penthouses
$625–$800
Includes:
Building maintenance, common areas, secured entry, parking, elevator and facade reserves, and a larger share of building systems
COMMUTE & TRANSPORTATION
How Easy Is Getting Around from Riverwalk Towers?
From Riverwalk Towers, downtown is at your feet, UNR is 8 minutes, the airport 10, and Lake Tahoe 45. Many residents walk or bike for daily errands and drive only for the airport or Tahoe trips per U.S. Census ACS data — the downtown core makes a car-light lifestyle genuinely realistic here.
Drive Times from Riverwalk Towers
- 2 minDowntown Reno CoreWalkable
- 8 minUniversity of Nevada, RenoVia N Virginia St
- 10 minReno-Tahoe Intl AirportVia US-395
- 12 minSparksVia I-80 E
- 5 minReno Aces BallparkWalkable
- 45 minLake Tahoe (Incline Village)Via NV-431 Mt Rose Hwy
- 45 minMount Rose Ski TahoeVia NV-431
- 35 minCarson CityVia US-395 S
Transportation Options
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC Washoe.
Quick Answer
How long does it take to close on a condo in Riverwalk Towers?
Most Riverwalk Towers condo purchases close in 30–45 days; cash offers close in 7–14 days. Because most units fall within conforming loan limits, financing is more straightforward than at luxury condo addresses — but the lender must confirm the high-rise building is warrantable, which can add project-review time. Confirm warrantability before writing an offer to avoid surprises at underwriting.
Quick Answer
What credit score do you need to buy a Riverwalk Towers condo?
Most Riverwalk Towers units fall within conforming loan limits, so credit requirements are more accessible than at luxury condo addresses. Conventional condo loans typically want a 620+ credit score with 5–10% down for a primary residence, and FHA financing may be available if the building is FHA-approved. Investors generally need 15–25% down and 680+ credit. Cash buyers face no credit requirement but should budget 1–2% of the purchase price for closing costs. Confirm the building's warrantability and any project approvals with your lender before making an offer.
Riverwalk Towers FAQ — 18 Answers
What Do Riverwalk Towers Buyers Most Frequently Ask?
Most AskedWhat is the median home price in Riverwalk Towers?
Riverwalk Towers condos trade from roughly $190,000 for compact studios near 385 square feet up to $600,000 or more for two-bedroom residences and 1,800-square-foot penthouses, per Northern Nevada Regional MLS data for ZIP 89501. The current median list price in this riverfront high-rise runs near $320,000 according to Reno/Sparks Association of REALTORS, making the building one of the most attainable ways to own a true riverfront address in Downtown Reno — and a frequent entry point for first-time buyers and investors.
What building was Riverwalk Towers before it was condos?
Riverwalk Towers occupies the former Comstock Hotel & Casino, a 15-story tower completed in 1978 directly on the Truckee River at 200 W. 2nd Street in Downtown Reno. After the casino closed, the building was gutted and reconstructed into residential condominiums — the Residences at Riverwalk — which opened in 2006, only feet from the river and Wingfield Park.
What types of units are in Riverwalk Towers?
Riverwalk Towers is a single high-rise condominium building with a wide range of floor plans: compact studios near 385 square feet, one-bedroom homes, larger two-bedroom residences, and penthouses of 1,800 square feet and up. Ceiling heights run from 9 to 12 feet, and many units add balconies framing river or city views. Every unit falls under one building-wide HOA covering exterior, common areas, secured entry, and shared systems.
Is Riverwalk Towers a gated community?
No — Riverwalk Towers is not a guard-gated community, but it is a secured-entry high-rise. The building offers controlled-access lobby entry and controlled-access parking, which is the urban equivalent of gated security for a downtown condo tower. Residents enter through a managed lobby rather than staffed perimeter gates, a structure typical of Downtown Reno river-tower buildings.
What are HOA fees like in Riverwalk Towers?
HOA dues at Riverwalk Towers typically run about $450 to $800 per month depending on unit size and floor, covering building maintenance, common areas, secured entry, controlled-access parking, and many shared utilities. Contact Nevada Real Estate Group at (775) 204-6150 for current dues on any specific listing — the operating budget, reserve study, and any pending special assessments should all be verified during the inspection period before you remove contingencies.
Is Riverwalk Towers actually on the river?
Yes — Riverwalk Towers sits only feet from the Truckee River, the whitewater kayak park, and Wingfield Park in the heart of the Riverwalk District. It is one of the most genuinely riverfront condo addresses in Downtown Reno, with river-facing units overlooking the water and the downtown skyline. The Riverwalk path, downtown dining, and the Reno Aces ballpark are all within an easy walk of the lobby.
What schools serve Riverwalk Towers?
Riverwalk Towers is in Washoe County and served by the Washoe County School District, which covers Downtown Reno. Because downtown attendance boundaries can shift block by block, families should verify the specific elementary, middle, and high school assignment for the 89501 address with WCSD at enrollment. The University of Nevada, Reno is also roughly 8 minutes north for college students and faculty.
How walkable is Riverwalk Towers?
Riverwalk Towers is among the most walkable condo addresses in Northern Nevada. From the lobby, residents reach the Truckee River, Wingfield Park, the Riverwalk District restaurants and galleries, downtown casinos, and the Reno Aces ballpark on foot in minutes. Reno-Tahoe International Airport is about 10 minutes by car, and the University of Nevada, Reno is roughly 8 minutes — a car-light lifestyle is realistic here.
What are property taxes like in Riverwalk Towers?
Property taxes at Riverwalk Towers fall under Washoe County 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 $350,000 Riverwalk Towers condo, the annual tax bill typically runs approximately $1,750–$2,450 per Washoe County Assessor data. Nevada also levies no state income tax, a meaningful advantage for remote workers and investors relocating from higher-tax states.
Can I rent out a Riverwalk Towers condo?
Rental rules at Riverwalk Towers are governed by the building CC&Rs plus City of Reno short-term-rental ordinances — long-term leasing is common, but nightly rentals downtown are tightly regulated and may be limited by both the HOA and city permitting. Before buying as an investment, verify the current building rental policy, any rental-cap limits, and City of Reno STR permit availability for the unit. Non-permitted nightly rentals carry fines and can affect resale.
How competitive is the Riverwalk Towers market?
Riverwalk Towers inventory is limited to a single building of roughly 310 units, so only a handful of resales are active at any time. Per NNRMLS data for ZIP 89501, well-priced studios and one-bedrooms in the building typically go under contract in roughly 40 days, while larger two-bedrooms and penthouses can take longer. When a river-facing unit is priced correctly for its floor and view, downtown buyers and investors move quickly.
What is the investment case for Riverwalk Towers condos?
Riverwalk Towers offers an attainable, walkable, riverfront entry into Downtown Reno ownership — a fixed-supply building in a redeveloping urban core. Nevada's zero state income tax and the 3% property-tax cap under NRS 361.471 improve carrying math, while strong downtown rental demand from UNR students, young professionals, and relocating remote workers supports leasing. Buyers planning a 3–5 year hold benefit from both downtown appreciation potential and rental income — subject to HOA and City of Reno rental-rule verification.
How does Riverwalk Towers compare to other Downtown Reno towers?
Riverwalk Towers is one of several river towers in Downtown Reno alongside Park Tower, Arlington Towers, and the Riverside Artist Lofts. What sets it apart is its true riverfront position in the former Comstock Hotel, its 2006 full reconstruction, and a unit mix spanning compact studios to 1,800-square-foot penthouses. Park Tower overlooks Wingfield Park nearby; Arlington Towers sits a block north; the Riverside Artist Lofts offer historic 1926 live/work spaces.
What should I budget for monthly costs in Riverwalk Towers?
At a $350,000 Riverwalk Towers purchase with 20% down at 7% interest, principal and interest runs approximately $1,860/month. Add Washoe County property tax of roughly $175–$205/month, HOA dues of $450–$800/month depending on unit size, and homeowners insurance for a condo unit. Total monthly carrying costs for a financed purchase typically run $2,600–$3,000 before accounting for Nevada's zero state income tax, which adds meaningful annual savings for relocating buyers.
What do Riverwalk Towers buyers need to know about the HOA?
Before writing an offer on a Riverwalk Towers condo, request the full HOA document package: CC&Rs, bylaws, two years of meeting minutes, the reserve fund study, the current operating budget, and any pending or recently levied special assessments. High-rise buildings carry elevator, roof, facade, and shared-system reserve obligations — a reserve fund below 70% funded is a yellow flag. Confirm whether the HOA master policy covers the building envelope and which utilities are bundled into dues versus billed separately.
What is the minimum down payment to buy in Riverwalk Towers?
Most Riverwalk Towers units fall well within conforming loan limits, so financing is more accessible than at luxury condo addresses. Conventional loans on a warrantable condo typically allow 5–10% down for a primary residence, and some buyers qualify for as little as 3% down on a studio or one-bedroom. Investors generally need 15–25% down. The critical step is confirming the building is approved as warrantable for your loan type — high-rise condo buildings sometimes require project review. Cash purchases are common at the studio tier. Call Nevada Real Estate Group at (775) 204-6150 to confirm current condo programs for Downtown Reno river towers.
Is Riverwalk Towers a good investment or rental property?
Riverwalk Towers is one of the more compelling downtown investment plays in Reno — an attainable riverfront building with strong long-term rental demand from UNR students, young professionals, and relocating remote workers. As a rental, walkable proximity to the Truckee River, downtown dining, and the Reno Aces ballpark keeps occupancy high. The critical step: verify the building CC&R rental policy, any rental-cap limits, and City of Reno short-term-rental permit availability before buying as an investment — downtown nightly rentals are tightly regulated.
Can Nevada Real Estate Group help me buy or sell a Riverwalk Towers condo?
Yes — Nevada Real Estate Group represents buyers and sellers throughout Downtown Reno, including Riverwalk Towers condo transactions. Our agents prepare a custom CMA using NNRMLS closed data specific to ZIP 89501 and the building's unit tiers, and we know how floor, river-facing exposure, and balcony presence drive value within the tower. Call (775) 204-6150 or submit the form below for a no-obligation consultation.
Updated June 2026
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PEOPLE ALSO ASK
What Else Do People Ask About Riverwalk Towers?
Beyond the main FAQ, these are the questions Riverwalk 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, and GreatSchools 2026 school ratings cross-checked with the Nevada Report Card.
Is Riverwalk Towers a good investment?
Riverwalk Towers offers an attainable, fixed-supply riverfront entry into Downtown Reno — a building of roughly 310 units with no new downtown riverfront supply coming. Strong rental demand from UNR students, professionals, and remote workers (verify the building rental policy and City of Reno STR rules first), Nevada zero state income tax, and the 3% property-tax cap under NRS 361.471 create favorable long-term ownership math. Buyers planning 3+ year holds have historically seen steady appreciation in ZIP 89501.
What is Riverwalk Towers in Downtown Reno?
Riverwalk Towers is a 15-story riverfront condominium building on the Truckee River at 200 W. 2nd Street in Downtown Reno, Nevada. Originally the Comstock Hotel & Casino completed in 1978, it was gutted and reconstructed into condos — the Residences at Riverwalk — which opened in 2006. It offers studios to 1,800-square-foot penthouses with secured entry, controlled-access parking, and steps-to-the-river walkability.
Can I do a short-term rental in Riverwalk Towers?
Short-term rentals at Riverwalk Towers are subject to two layers of rules: (1) the building CC&Rs, which may restrict or cap rentals; and (2) City of Reno short-term-rental ordinances, which tightly regulate nightly rentals downtown and require permits. Both must be verified before purchasing as a vacation-rental investment. Long-term leasing is more common and broadly permitted, but confirm the building rental policy and any rental-cap limits during due diligence.
What floor plans are available in Riverwalk Towers?
Riverwalk Towers offers compact studios near 385 square feet, one-bedroom homes, larger two-bedroom residences, and penthouses of 1,800 square feet and up. Ceiling heights run from 9 to 12 feet, and many units add balconies overlooking the river or downtown. Units feature full kitchens and baths, some with whirlpool tubs. Floor, exposure, and balcony presence drive value differences within the building.
How close is Riverwalk Towers to the Reno Aces ballpark?
Greater Nevada Field, home of the Reno Aces Triple-A baseball team, is about a 5-minute walk from Riverwalk Towers. The walkable downtown core means residents can stroll to summer games, concerts, and events at the ballpark, and continue on foot to downtown dining and the Truckee River afterward — a defining lifestyle advantage of the building's location.
What are the best units in Riverwalk Towers?
Higher-floor, river-facing units with balconies command premium pricing for their Truckee River and downtown skyline views — these are the larger two-bedrooms and penthouses in the $450K–$600K+ range. Entry-tier studios in the $190K–$260K range offer the most attainable downtown ownership. Within the mid-range tier, one-bedrooms with river exposure and added balconies are the most sought-after.
Is Downtown Reno worth it over the suburbs?
For buyers who want walkable riverfront living — the Truckee River, downtown dining, and the ballpark on foot — Riverwalk Towers and Downtown Reno are uniquely positioned, and no suburban subdivision replicates the urban-core lifestyle. For buyers who prioritize square footage, yards, and top-rated school assignments, South Reno master-planned communities offer strong value at $600K–$850K versus $190K–$600K+ for downtown condos.
How old is the Riverwalk Towers building?
The Riverwalk Towers structure was completed in 1978 as the Comstock Hotel & Casino, making the building itself nearly five decades old. However, the property was fully gutted and reconstructed into residential condos that opened in 2006, so the residences, systems, and finishes date to that conversion. Buyers should review reserve-fund planning for the aging tower envelope, elevators, and shared systems during due diligence.
WHY NEVADA REAL ESTATE GROUP
Why Is Nevada Real Estate Group the #1 Real Estate Team in Nevada?
Deep knowledge of Downtown Reno condo towers — HOA structures, reserve funds, warrantability, City of Reno rental rules, and floor-and-view valuation — plus 150+ licensed agents and 9,061+ verified five-star reviews. With 6,225+ closed transactions and $4.1B+ in total volume, Nevada Real Estate Group ranks #1 in Nevada, covering every Riverwalk Towers tier from studios to penthouses.
#1
Real estate team in Nevada
Ranked Top 100 nationwide, RealTrends 2025
150+
Licensed Nevada agents
Henderson, Summerlin, Las Vegas, North Las Vegas
$4.1B+
In total sales volume
Across 6,225+ closed transactions
9,061+
Verified 5-star reviews
4.9/5 (Google, Zillow, FastExpert)
16+
Years in the Las Vegas Valley
Founded by Chris Nevada · License S.181401
#1
TEAM IN NEVADA
6,225+
HOMES SOLD SINCE 2009
9,061+
★★★★★ REVIEWS
< 1 hr
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WORK WITH THE BEST
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Want to Talk to a Riverwalk Towers Real Estate Expert?
6,225+ transactions. $4.1B+ in total volume. Chris Nevada and the Nevada Real Estate Group team serve buyers and sellers across Northern Nevada — we know Riverwalk Towers, its HOA documents, unit-tier pricing, and how floor and river exposure drive value firsthand. Call (775) 204-6150 or tell us what you're looking for and we'll find your home.
NEARBY COMMUNITIES
Which Communities Are Near Riverwalk Towers?
Compare Riverwalk Towers with neighboring Downtown Reno river towers and nearby Reno options. Each card pairs the distance to Riverwalk Towers with the community's price positioning, so you can judge whether an adjacent address buys you a meaningfully different lifestyle.
A–Z INDEX
Which Reno and Lake Tahoe Communities Can You Explore?
Key Reno and Northern Nevada communities — from Riverwalk Towers riverfront condos to South Reno master plans to Lake Tahoe lakefront enclaves. Every linked entry opens a dedicated page with current NNRMLS listings, price ranges, and building or community details.
KEEP LEARNING
What Else Should You Read About Riverwalk Towers and Downtown Reno?
These guides extend the research most Riverwalk Towers buyers do next — exploring the neighboring Park Tower and Arlington Towers buildings, understanding the broader Downtown Reno market, and reviewing Reno community comparisons — each written from the same NNRMLS data and primary sources used throughout this page.
GUIDE
Park Tower Community Guide
Mid-century 18-story tower overlooking Wingfield Park steps from Riverwalk Towers — established building with park and river views from $195K.
Read →GUIDE
Downtown Reno Real Estate Guide
Condos, river towers, and single-family homes across the Downtown Reno core — the full downtown market and how Riverwalk Towers fits within it.
Read →MARKET REPORT
Reno Market Hub
Truckee Meadows and Northern Nevada market data, neighborhood comparisons, and every Reno and Lake Tahoe community page in one place.
Read →Sources & Methodology
Where Does This Riverwalk Towers Data Come From?
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.
- Reno/Sparks Association of REALTORS (RSAR) — Median sold price, days on market, list-to-sold ratio, and monthly MLS statistics for ZIP 89501 (Downtown Reno / Riverwalk Towers). rsar.realtor
- Northern Nevada Regional MLS (NNRMLS) — Active listings, inventory counts, price-per-square-foot, and building-level data for Riverwalk Towers and Downtown Reno. nnrmls.com
- U.S. Census Bureau — Population, demographics, household income, age distribution, and education attainment (ACS) for Reno city and ZIP 89501. data.census.gov
- Nevada State Demographer — City and county population estimates and growth projections for Washoe County and the Reno-Sparks MSA. census.gov/quickfacts
- U.S. Bureau of Labor Statistics — Reno-Sparks MSA unemployment rate, employment by sector, and wage data used in the economy section. bls.gov/reno-sparks
- Washoe County Assessor — Property tax rates, assessed values, and parcel data for Downtown Reno and Riverwalk Towers (ZIP 89501). washoecounty.gov/assessor
- Washoe County School District — School assignments, enrollment, and district performance data for Downtown Reno schools serving ZIP 89501. washoeschools.net
- GreatSchools.org — K-12 school ratings, test scores, and student-teacher ratios for schools near Riverwalk Towers. greatschools.org
- Nevada Report Card — Official Nevada DOE school performance data cross-referenced with GreatSchools ratings. nevadareportcard.nv.gov
- City of Reno — Riverwalk District park and trail information, short-term-rental ordinances, and downtown development data. reno.gov
- Freddie Mac PMMS — Mortgage rate weekly survey used in the payment calculator and buy-vs-rent model. freddiemac.com/pmms
- Nevada Revised Statutes — Property tax cap (NRS 361.471) and Nevada residency / DMV deadlines cited in relocation guide. leg.state.nv.us/nrs
- Reno Police Department — Crime statistics for Downtown Reno used in the safety section. reno.gov/police
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).
Last refresh: June 2026 · Next scheduled refresh: July 2026