$469,000 Active
255 N Sierra Street #UNIT 316
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,142 Sq Ft

About This Property

Welcome to Unit 316 at The Montage, where modern updates, luxury amenities, and an unbeatable downtown location come together to create the ultimate lock-and-leave lifestyle. This beautifully updated 2-bedroom, 2-bath condominium includes a rare tandem 2-car garage and is ideally located on the same floor as the Owners' Lounge and Fitness Center, making your daily workout or evening gathering just steps from your front door. Inside, you'll appreciate the thoughtful upgrades throughout, including new stainless-steel appliances, a spacious kitchen island, stylish laminate flooring, updated designer lighting, and a custom tile bathroom that adds a touch of spa-like luxury. The open-concept layout is perfect for entertaining or simply enjoying everyday living. Step outside onto your private patio, an ideal space to enjoy your morning coffee or unwind after a day exploring downtown Reno. Residents of The Montage enjoy an exceptional collection of amenities, including: 24-hour secured lobby with controlled building access, Owners' Lounge, Fitness Center, Resort-style pool and spa deck, Outdoor BBQ and entertaining areas, Landscaped courtyard and garden spaces, Pet-friendly dog run, Secure underground parking Located in the heart of downtown Reno, you'll love being just blocks from the Truckee River, Riverwalk District, Wingfield Park, Reno Aces baseball, the Pioneer Center, restaurants, breweries, coffee shops, entertainment, festivals, and year-round events. Whether you're looking for a full-time residence, weekend retreat, or low-maintenance investment, you'll appreciate the freedom to lock the door and enjoy everything Northern Nevada has to offer without the chores that tend to come with homeownership.

Listed by Penny Tenpenny — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 260008411
Price/Sq Ft $411

Property History

Jul 01, 2026
Listed for sale
$469,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,142
Lot Size 0.03 acres
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
STR Jurisdiction Washoe County
APN 011-546-17
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick, Stucco
Roof Flat
Foundation Slab
Pool & Spa
Pool Heated, In Ground
Utilities & Systems
Heating Electric
Cooling Electric
Financial
Annual Tax $3,521
HOA Fee $456 / Monthly
HOA / Community Montage HOA
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities 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
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% ($93,800)
Home price
$469,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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