$289,000 Active
255 N Sierra Street #UNIT 717
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
·
842 Sq Ft
Virtual Tour

About This Property

Experience downtown living in luxury at the fabulous Montage. This wonderful quiet, bright corner unit overlooks the Montage Garden deck, and beautiful mountain and city views abound in every direction through the floor to ceiling windows. The unit is freshly painted and new carpet in the bedroom and closet make it ready for a new owner! The closet is updated with plenty of space to organize your wardrobe. The kitchen has lots of cabinets to stock all your supplies for your newest recipes. You will love the 24.7 front desk service. (for those late night door dash visits) a pool and spa. The common area photos represent the original pool, but similar brand features will be on the new pool deck. One of the sellers is a licensed Real Estate Salesperson.

Listed by Margaret Kazmierski — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260005538
Days on Market 3
Price/Sq Ft $343

Property History

May 04, 2026
Listed for sale
$289,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 842
Lot Size 0.02 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-550-17
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Outdoor Kitchen
Lot Features Landscaped, Level
View City, Mountain(s)
Construction Concrete, Steel Frame
Roof Membrane
Foundation Concrete Perimeter, Slab
Pool & Spa
Pool Heated, In Ground
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $2,106
HOA Fee $599 / Monthly
HOA / Community Montage Owner's Association
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Gated, Landscaping, Pool, 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% ($57,800)
Home price
$289,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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