$310,000 Active
255 N Sierra Street #1707
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

Experience elevated downtown living at the Montage in this beautifully refreshed, 17th-floor, 1-bedroom, 1-bath residence with secure underground parking on the 1st level and a private storage unit. Freshly painted, professionally cleaned, and featuring professionally cleaned carpets, this home is truly move-in ready. The open-concept layout is enhanced by high ceilings and expansive windows that capture city and mountain views while filling the space with natural light. The kitchen features a breakfast bar and flows seamlessly into the living area, making it ideal for both everyday living and entertaining. The living area opens up to a balcony from which you can further enjoy the sights and sounds of downtown Reno. The spacious bedroom includes a walk-in closet with direct access to the bathroom, which also offers a second entrance from the main living area for added convenience. The bathroom is appointed with a step-in shower. The Montage is one of downtown Reno's most sought-after high-rises, offering 24/7 security and concierge service, a full fitness center, owner's lounge, bike storage, indoor pet station, and beautifully landscaped garden decks. The expansive rooftop pool, spas, BBQs, and terrace are currently undergoing a full renovation, promising a resort-style experience upon completion. HOA dues include water, hot water, sewer and trash providing exceptional value and a lower cost of ownership compared to many downtown alternatives. Located just steps from the Truckee Riverwalk, dining, entertainment, and Midtown, this residence is ideal as a primary home, part-time retreat, or investment opportunity. Urban convenience, modern comfort, and unbeatable amenities—this is downtown living done right.

Listed by Carrie Kester — RE/MAX Gold

Listing Details

Status Active
MLS # 260001021
Days on Market 98
Price/Sq Ft $385

Property History

Jan 29, 2026
Listed for sale
$310,000
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 011-559-08
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Heated Driveway, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s)
Construction Concrete, Stucco, Other
Roof Flat, Membrane
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Financial
Annual Tax $2,215
HOA Fee $591 / 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, 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 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% ($62,000)
Home price
$310,000
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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