$835,000 Active Under Contract
255 N Sierra Street #UNIT 2118
Reno, NV 89501
STR Status Unknown
2 Beds
·
2.0 Baths
·
1,523 Sq Ft
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About This Property

Discover elevated living at 2118/255 N. Sierra in the heart of downtown Reno. This exquisitely remodeled 2-bedroom, 2-bath unit offers the perfect retreat for discerning professionals seeking to downsize without compromising on luxury or style. Perched on the 21st floor, enjoy breathtaking southwest views of Mt. Rose, the Truckee River, and the most spectacular Nevada sunsets from your living room sanctuary. Completely renovated in 2021, the designer kitchen is the standout with quartz countertops, brand new cabinetry with soft-close drawers and Samsung appliances. Wine connoisseurs will love the impressive 250-bottle, temperature-controlled WinePro cellar with redwood racks. The wood beams and custom wood wall are crafted from 80-year-old reclaimed redwood from the renowned Charles Krug winery, a unique touch found throughout the condo. Two private parking spaces and a large storage cage offer convenience in the vibrant downtown setting. Whether you're entertaining or unwinding after a busy day, this sophisticated residence blends historic character with modern amenities for an unmatched luxury lifestyle in the heart of Reno. Montage residents are welcomed into a Zen-inspired lobby that exudes tranquility, staffed with attentive 24-hour desk attendants ensuring your comfort and security. Outside, the pool terrace rivals any resort, featuring two hot tubs, five gas grills, a spacious lap pool, and a clubhouse perfect for hosting memorable events (Pool deck under construction and estimated to be completed Winter 2026). Fitness enthusiasts will appreciate the expansive 24/7 gym, the largest among the city's high-rises. Additional communal spaces, including an owner's lounge, library, and a lush garden deck where you can enjoy the downtown views and festive fireworks displays. The Montage's prime location places you just blocks away from cultural hotspots, the Truckee Riverwalk, and Reno's vibrant Midtown district, with its eclectic mix of dining, shopping, and entertainment.

Listed by Samantha Reveley — Dickson Realty - Downtown

Listing Details

Status Active Under Contract
MLS # 260012432
Days on Market 7
Price/Sq Ft $548

Property History

Sep 26, 2026
Listed for sale
$835,000
Oct 02, 2026
Pending
$835,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,523
Lot Size 0.04 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-563-19
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener, Heated Driveway, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s), Valley
Construction Concrete, Other
Roof Flat, Membrane
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Water Source Truckee River
Financial
Annual Tax $4,729
HOA Fee $1,087 / Monthly
HOA / Community The Montage HOA
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Fitness Center, Gated, Landscaping, Management, Parking, Pool, Recreation Room, 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
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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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

$5,866 per month
Principal & interest
$4,222/mo
Property taxes
$394/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$1,087/mo
From MLS listing data.
Home insurance
$163/mo
Estimated ~$1,600–$2,300/yr — get a local broker quote for accuracy.
Down payment
20% ($167,000)
Home price
$835,000
Loan details
30-yr fixed, 6.5%
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