$295,000 Active Under Contract
255 N Sierra Street #1108
Reno, NV 89501

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STR Status Unknown
1 Beds
·
1.0 Baths
·
805 Sq Ft
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Our data on this home

About This Property

Experience the best of downtown Reno in this inviting 1 bedroom, 1 bath condo just steps from the Riverwalk District. Enjoy exceptional walkability to the Truckee River, restaurants, shopping, casino entertainment, and performances at the Pioneer Center. This move in ready home features new remote controlled blinds, updated kitchen and bathroom sink faucets, and a screened balcony door, a rare upgrade not found in most units. The refrigerator, washer, and dryer are all included for added convenience. Residents enjoy outstanding amenities, including a spacious fitness center, 24-hour security, a staffed front desk, secured parking, and private indoor storage lockers. A brand-new pool deck, scheduled for completion in Summer 2026, will further enhance the building's resort-style lifestyle. Whether you're seeking a primary residence, weekend retreat, or investment opportunity, this centrally located condo offers comfort, convenience, and the best of urban living.

Listed by Shelby Mangum — Redfin

Listing Details

Status Active Under Contract
MLS # 260008819
Days on Market 104
Price/Sq Ft $366

Property History

Jul 10, 2026
Listed for sale
$295,000
Aug 13, 2026
Pending
$295,000
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 011-554-09
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s)
Construction Concrete, Stucco
Roof Flat
Foundation Slab
Pool & Spa
Pool Heated, In Ground
Utilities & Systems
Heating Electric, Forced Air
Cooling Central Air, Electric
Financial
Annual Tax $2,004
HOA Fee $574 / Monthly
HOA / Community FirstService Residential
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Elevator(s), Fitness Center, Gated, Landscaping, Management, Parking, Pool, Recreation Room, Sauna, Security, Spa/Hot Tub, Storage
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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PROJECTED GROSS ANNUAL REVENUE
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Home Insurance Estimate

Standard homeowners policy for this home

$800 – $1,200/yr
about $83/mo
Est. Rebuild Cost (Coverage A)
$241,500

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$2,316 per month
Principal & interest
$1,492/mo
Property taxes
$167/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$574/mo
From MLS listing data.
Home insurance
$83/mo
Estimated ~$800–$1,200/yr — get a local broker quote for accuracy.
Down payment
20% ($59,000)
Home price
$295,000
Loan details
30-yr fixed, 6.5%
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