$449,900
Active
255 N Sierra Street #UNIT 1211
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
·
1,080
Sq Ft
About This Property
Spectacular views from this immaculate 12th floor Corner Montage unit facing Reno Downtown city lights. Spacious living area, in unit laundry and fine upgrades throughout. The Montage offers 24 hour security, state of the art work out areas. Close to all the entertainment Reno offers as well as direct access to major highways for travel East and West. Also minutes from Carson and Lake Tahoe. This is a wonderful value in the heart of the Truckee Meadows.
Listed by Philip Sunseri — Desert Diamonds Realty, Inc.
Listing Details
Status
Active
MLS #
260007398
Price/Sq Ft
$417
Property History
Jun 10, 2026
Listed for sale
$449,900
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
1,080
Lot Size
0.03 acres
Stories
1
Year Built
1978
Property Type
Condominium
Subdivision
The Montage Phase 1
STR Jurisdiction
Washoe County
APN
011-555-11
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Attached, Electric Vehicle Charging Station(s), Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Landscaped, Level
View
City, Mountain(s), Valley
Construction
Insulated Concrete Forms (ICFs), Brick, Fiber Cement
Roof
Flat
Foundation
Slab
Pool & Spa
Pool
In Ground
Utilities & Systems
Heating
Forced Air
Cooling
Central Air
Financial
Annual Tax
$3,335
HOA Fee
$738 / Monthly
HOA / Community
First Residential Service/The Montage Home Owner's
Schools
Elementary School
Hunter Lake
Middle School
Clayton
High School
Reno
HOA & Community
Community Amenities
Clubhouse, Landscaping, Management, Parking, Pool, 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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($89,980)
Home price
$449,900
Loan details
30-yr fixed, 6.5%
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Or call directly: 530.613.5207
