$290,000
Active
255 N Sierra Street #UNIT 1208
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
About This Property
This 12th-floor Montage Condo with East views overlooks the City and valley. Residents enjoy access to an impressive suite of amenities, including a large, fully equipped fitness center, 24-hour security, and a staffed front desk that provides convenience and peace of mind. The building also features secured parking and private indoor storage lockers for added convenience. A brand-new pool deck is currently under development and scheduled for completion in Summer 2026, promising an elevated outdoor living experience. No assessment, the seller has paid it.
Listed by Alan Hoffman — HomeGate Realty of Reno
Listing Details
Status
Active
MLS #
260006056
Price/Sq Ft
$360
Property History
May 14, 2026
Listed for sale
$290,000
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
011-555-08
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Permit Required, Garage, Under Building
Attached Garage
Yes
Exterior & Lot
Exterior Features
Balcony
Lot Features
Level
View
City, Mountain(s), Valley
Construction
Concrete, Stucco, Other
Roof
Membrane
Foundation
Concrete Perimeter, Other
Pool & Spa
Pool
Heated, In Ground, Outdoor Pool
Utilities & Systems
Heating
Electric, Forced Air, Heat Pump
Cooling
Central Air, Electric
Financial
Annual Tax
$1,959
HOA Fee
$574 / Monthly
HOA / Community
The Montage HOA
Schools
Elementary School
Hunter Lake
Middle School
Swope
High School
Reno
HOA & Community
Community Amenities
Barbecue, Elevator(s), Fitness Center, Landscaping, Parking, Pool, Recreation Room, Security, Spa/Hot Tub, Storage
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% ($58,000)
Home price
$290,000
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
