$324,000 Active
255 N Sierra Street #UNIT 1908
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
805 Sq Ft
Virtual Tour

About This Property

Live Where Reno Comes Alive - Your Urban Oasis Awaits at The Montage Welcome to The Montage — where modern living meets the heartbeat of downtown Reno. This stylish 1-bedroom, 1-bath residence offers the perfect balance of comfort, sophistication, and ease in a premier, amenity-rich high-rise designed for those who love where they live. Freshly painted, professionally cleaned, and move-in ready, this home has been beautifully prepped for its next chapter — whether that's your exciting new beginning or a well-earned simplification. The warm, engineered hardwood floors throughout create an inviting and polished feel, while the open layout, tall ceilings, and large windows fill the space with light and energy. Enjoy sipping coffee on your balcony as the city stirs below. The bedroom features brand-new, high-quality carpet and a spacious walk-in closet, creating a cozy, restful retreat. An in-unit washer and dryer add to the convenience of truly effortless living. This isn't just a condo — it's a launchpad for your next adventure. Perfect for a retired couple ready to downsize while staying connected to a dynamic, walkable lifestyle, a young professional looking to stay close to downtown's vibrant energy, an investor seeking a smart, low-maintenance rental, or a frequent traveler in need of a stylish home base with lock-and-leave convenience. Picture yourself strolling to weekend farmers markets, attending cultural events just steps away, or heading to the airport for your next getaway — all with peace of mind that home is cared for and waiting when you return. The Montage lifestyle feels like a vacation that never has to end — a seamless blend of comfort, elegance, and connection in the heart of the city. The Montage is more than just a building. It's a thriving, connected community where neighbors become friends and the energy of city life blends seamlessly with comfort and security. Residents enjoy 24-hour concierge service, full-time on-site security, and a host of upscale amenities. And here's a rare bonus — unit 1908 includes two assigned parking spaces in the secure, gated underground garage, offering convenience and peace of mind that's hard to come by in downtown living. Amenities include a state-of-the-art fitness center, dog-friendly areas, a peaceful garden deck — a serene escape above the city, ideal for unwinding at the end of the day — and a quiet Owners Lounge with a library, offering a calm, welcoming space to read, reflect, or simply enjoy a few moments of uninterrupted stillness. The resort-style rooftop pool deck is currently undergoing an exciting transformation and will soon showcase a beautifully updated year-round heated pool and brand-new spas, with space to relax and take in the skyline. The pool lounge remains the perfect spot to gather with friends or host casual get-togethers, complete with a full kitchen and gas-fired barbecues — all set against sweeping views of the city. Located just steps from the Riverwalk, Truckee River, and all the culture and charm of downtown Reno and Midtown, this is where adventure, art, and community come together. Whether you're an explorer at heart, a culture-seeker, or simply ready to enjoy more by owning less — this turn-key home at The Montage offers the lifestyle you've been waiting for.

Listed by Kerry Joslyn — Chase International-Damonte

Listing Details

Status Active
MLS # 250053677
Days on Market 286
Price/Sq Ft $402

Property History

Jul 26, 2025
Listed for sale
$324,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 805
Lot Size 0.02 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-561-09
Parking
Garage Spaces 2
Total Parking 2
Parking Features Assigned, Garage, Heated Driveway, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
View City
Construction Stucco
Roof Flat
Foundation Slab
Pool & Spa
Pool No
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump, Refrigerated
Water Source Truckee River
Financial
Annual Tax $2,566
HOA Fee $554 / Monthly
HOA / Community The Montage
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Elevator(s), Fitness Center, Landscaping, Maintenance, Maintenance Grounds, Maintenance Structure, 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 ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($64,800)
Home price
$324,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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