$425,000 Active
225 N Sierra Street #1715
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
2.0 Baths
·
1,011 Sq Ft

About This Property

Experience downtown Reno living at The Montage, a coveted downtown building. This beautifully updated 1,011 sq ft condo offers low maintenance living, great views, and a prime location steps from the Truckee River, dining, entertainment, and downtown events. A flexible additional space can serve as a potential second bedroom, guest space, or office, with a Murphy bed, privacy enclosure, full wall mirrors, and built in closet storage. Enjoy stainless steel appliances, stylish updates, and a beautiful private balcony for morning coffee or meals with views. Available furnished or unfurnished. Secure underground parking, EV charging, 24/7 staffed front desk, and a dog park are at the building. Updated common areas, spacious gym, and pool renovation nearing completion. HOA includes building insurance, water, sewer, trash, and on site security. Beautiful year round views and spectacular snowy views. Recent professional inspection 8/13/2026 found no major issues, only one minor cosmetic item. Virtually staged photos have been provided for visualization purposes only. Actual property may differ.

Listed by Elizabeth Sullivan — The Agency Reno

Listing Details

Status Active
MLS # 260010730
Price/Sq Ft $420

Property History

Aug 19, 2026
Listed for sale
$425,000
Property Overview
Beds 1
Baths 2.0
Sq. Ft. 1,011
Lot Size 0.02 acres
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
STR Jurisdiction Washoe County
APN 011-559-16
Parking
Total Parking 1
Parking Features Electric Vehicle Charging Station(s), Under Building
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick, Stucco
Roof Flat
Foundation Slab
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $2,519
HOA Fee $721 / Monthly
HOA / Community Montage HOA
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Elevator(s), Fitness Center, Gated, Landscaping, Parking, Pool, Recreation Room, Security, Spa/Hot Tub, Storage
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($85,000)
Home price
$425,000
Loan details
30-yr fixed, 6.5%
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