$400,000 Active
50 N Sierra Street #505
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

Light-Filled Downtown Living with Premium Upgrades. Enjoy easy downtown living in this bright home with high ceilings, a private balcony, new high-quality luxury vinyl flooring, and all appliances included. The open living area gives you room to relax or host friends, while this First Street-side location helps provide less road noise and an incredible city view. The bedroom is equipped with a electric blinds, wood slat panels, and flows smoothly to the bath, which offers a jetted tub and separate shower. Building amenities include a pool, spa, key-fob entry, onsite management, a designated parking space, and storage unit. Schedule your private showing today and ask your agent about the complete Features & Upgrades list available through the MLS.

Listed by Bradley Berger — eXp Realty, LLC

Listing Details

Status Active
MLS # 260009125
Price/Sq Ft $457

Property History

Jul 17, 2026
Listed for sale
$400,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 876
Lot Size 0.02 acres
Stories 1
Year Built 2006
Property Type Condominium
Subdivision The Palladio
STR Jurisdiction Washoe County
APN 011-525-05
Parking
Garage Spaces 1
Total Parking 1
Parking Features Permit Required, Attached, Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Landscaped, Level
View City, Mountain(s)
Construction Stucco
Roof Metal, Pitched
Foundation Slab
Pool & Spa
Pool In Ground, Outdoor Pool
Utilities & Systems
Heating Forced Air
Cooling Central Air
Water Source Truckee River
Financial
Annual Tax $2,603
HOA Fee $639 / Monthly
HOA / Community The Palladio
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Gated, Landscaping, Management, Parking, Pool, Spa/Hot Tub
📊

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
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% ($80,000)
Home price
$400,000
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.