$450,000 Active
255 N Sierra Street #UNIT 1011
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
·
1,080 Sq Ft
Virtual Tour

About This Property

Embrace the harmonious blend of contemporary living and urban charm at The Montage, where sophistication meets serene living spaces. This desirable, corner unit has a large living space w/room for dining and office and is perfect for anyone looking to downsize without sacrificing the luxury and amenities of a larger home. Updated flooring, new appliances and a custom closet add to the the residence's modern aesthetic. This condo also comes with 2 parking spaces and storage on the same floor!, 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 (photos are of original pool, the new deck under construction will be very similar). Fitness enthusiasts will appreciate the expansive 24/7 gym, the largest among the city's high-rises. Additional conveniences include bike storage, personal storage units, and secure parking with a dedicated space. This urban sanctuary offers a variety of 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. Experience a lifestyle of luxury and convenience at The Montage—where your new home awaits amidst the energy and excitement of downtown Reno. Some photos have been virtually staged.

Listed by Samantha Reveley — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 250004254
Days on Market 398
Price/Sq Ft $417

Property History

Apr 04, 2025
Listed for sale
$450,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 1,080
Lot Size 0.03 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-553-12
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)
Construction Concrete, Stucco
Roof Flat, Membrane
Foundation Concrete Perimeter, Slab
Pool & Spa
Pool Community, In Ground, Lap, Pool Cover
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $3,279
HOA Fee $770 / Monthly
HOA / Community The Montage HOA
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Fitness Center, Gated, Landscaping, Management, Parking, Pool, Recreation Room, Spa/Hot Tub, Storage, Clubhouse/Recreation Room
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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% ($90,000)
Home price
$450,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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