$394,900 $419,000 ↓ $24,100 reduced Active
255 N Sierra Street #1811
Reno, NV 89501

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STR Status Unknown
1 Beds
·
1.0 Baths
·
1,086 Sq Ft

Our data on this home

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. Keep your eyes out for updates as well as the Pool Deck nears completion!

Listed by Robert Gales — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260011422
Days on Market 49
Price/Sq Ft $364

Property History

Sep 03, 2026
Listed for sale
$419,000
Oct 17, 2026
Price reduced
$394,900 $399,000 ↓ $4,100
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
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
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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

$1,100 – $1,600/yr
about $112/mo
Est. Rebuild Cost (Coverage A)
$325,800

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

$3,189 per month
Principal & interest
$1,997/mo
Property taxes
$304/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$775/mo
From MLS listing data.
Home insurance
$113/mo
Estimated ~$1,100–$1,600/yr — get a local broker quote for accuracy.
Down payment
20% ($78,980)
Home price
$394,900
Loan details
30-yr fixed, 6.5%
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