$398,000 Active
50 N Sierra Street #805
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
·
876 Sq Ft

About This Property

Located in the heart of downtown Reno at The Palladio, this updated and spacious 1 bedroom, 1 bathroom residence offers more than 800 square feet of intentionally designed living space with north-facing views of the Biggest Little City's iconic skyline and a view of Peavine Peak from your private balcony. Inside, the layout feels both open and comfortable, with a kitchen that flows easily into the living area, which features floor to ceiling windows and direct access to the balcony. Stainless steel appliances, substantial cabinetry, and granite countertops come together in a modern kitchen well-suited for everyday living or hosting friends and family before a night out downtown. Upon entry, a tucked away laundry closet offers additional storage and houses a stacked washer and dryer. The bedroom is open and airy with an oversized window and dual closets that provide practical storage without sacrificing space. The large bathroom has been recently refreshed with new wall paint, updated lighting, a new faucet, painted cabinetry, and distinctive wallpaper that adds flair, personality, and charm. A jetted soaking tub and separate tiled shower provide both comfort and ease for however you choose to wind down. Additional wallpaper in the entry brings an immediate creative touch that sets this unit apart while still feeling cohesive and deliberate in its design. This home includes one space for parking in the secure, in-building garage, which is an essential convenience for downtown living. Another perk of choosing The Palladio? Residents enjoy controlled building access, elevator service, and use of the private infinity pool and year-round spa area, overlooking the Truckee River and beyond, perfect for hosting and enjoying. With immediate access to the Riverwalk and Midtown districts, flavorful local dining, coffee shops and cafés, world-class entertainment, plus an easy commute to the freeway, you'll find it almost effortless to move between work, weekends, and whatever else comes next. This incredible location is likely to go fast and is ready to serve as a primary residence, a low-maintenance second home, or an investment in one of Reno's most sought after buildings. 805 at 50 N Sierra offers comfort, character, and a prime downtown address. 3D tour and Matterport on Homes.com

Listed by Becky Patterson — RE/MAX Gold-Midtown

Listing Details

Status Active
MLS # 260002142
Days on Market 69
Price/Sq Ft $454

Property History

Feb 27, 2026
Listed for sale
$398,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 876
Lot Size 0.02 acres
Stories 13
Year Built 2006
Property Type Condominium
Subdivision The Palladio
APN 011-528-05
Parking
Garage Spaces 1
Total Parking 1
Parking Features Alley Access, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s), Peek
Construction Concrete, Stucco
Roof Metal, Pitched
Foundation Concrete Perimeter, Slab
Pool & Spa
Pool Fenced, In Ground
Utilities & Systems
Heating Forced Air, Heat Pump
Cooling Central Air, Electric
Financial
Annual Tax $2,541
HOA Fee $639 / Monthly
HOA / Community The Palladio HOA
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Gated, Landscaping, Management, Parking, 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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($79,600)
Home price
$398,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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