$369,900 Active
255 N Sierra Street #UNIT 606
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
·
967 Sq Ft
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About This Property

Welcome to The Montage — downtown Reno's premier high-rise condominium community. This east-facing 6th floor residence offers 967 square feet of thoughtfully designed living space with a versatile flex area off the entry, ideal as a home office or guest space. The upgraded and remodeled kitchen features granite countertops, designer lighting, and stainless appliances. The spacious primary suite includes a sliding privacy door and not one but two large walk-in closets. An in-unit stacking washer and dryer adds everyday convenience rarely found at this price point. Uniquely positioned on the 6th floor, this unit offers direct, convenient access to both the Pool Deck and Garden level, putting resort-style amenities just steps from your door. City and mountain views complete the picture. An assigned underground parking space, dedicated storage unit, and a private mailbox are all included. Building amenities are unmatched in downtown Reno: 24/7 staffed front desk and security, an owners' lounge, a library, a 24-hour fitness center, and a half-acre landscaped garden with a dog run. HOA covers water, sewer, trash, exterior maintenance, landscaping, and building insurance. Close to the Truckee River, Midtown, top restaurants, and entertainment — urban living at its finest. *Audio video security equipment in use

Listed by Sean Burke — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260006487
Price/Sq Ft $383

Property History

May 21, 2026
Listed for sale
$369,900
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 967
Lot Size 0.02 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-594-05
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue
Lot Features Level, Other
View City, Desert, Mountain(s)
Construction Unknown
Roof Flat
Foundation Slab
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $2,715
HOA Fee $690 / Monthly
HOA / Community MONTAGE OWNERS ASSOCIATION, PHASE 1
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Elevator(s), Fitness Center, 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% ($73,980)
Home price
$369,900
Loan details
30-yr fixed, 6.5%
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