$399,000 $419,000 ↓ $20,000 reduced Active
255 N Sierra Street #1811
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
·
1,086 Sq Ft

About This Property

From the 18th floor of this corner unit embrace yourself with gorgeous eastern views of Nevada, Downtown Reno and catch some fireworks from over the Reno Aces ballpark from time to time. The oversized patio makes for a great place to sit back with a cup of coffee in the morning or an evening glass of wine. This well maintained 1 Bedroom corner unit has been freshly painted and upgraded with new carpet and padding. This unit comes with a single parking space along with a private storage unit on the 4th floor. The building offers security at the front desk, state of the art gym, bike storage and convenient walkability to all things downtown. Just recently a small market took residence near the entrance of the building selling small essentials needed on a day to day basis.

Listed by Robert Gales — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260011422
Days on Market 3
Price/Sq Ft $367

Property History

Sep 03, 2026
Listed for sale
$419,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 1,086
Lot Size 0.03 acres
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
STR Jurisdiction Washoe County
APN 011-560-12
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s)
Construction Concrete, Stucco
Roof Flat
Foundation None
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $3,650
HOA Fee $775 / Monthly
HOA / Community The Montage Owners Association
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Elevator(s), Fitness Center, Pool, Security, Spa/Hot Tub, Storage
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($79,800)
Home price
$399,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.