$849,000 Active
255 N Sierra Street #UNIT 407
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
4.0 Baths
·
2,509 Sq Ft
Virtual Tour

About This Property

Enjoy summer from this pool-deck Terrace unit at the Montage. Ready to be in the center of all the great community events and entertainment Reno has to offer? Look no further! The Montage is close to all the wonderful happenings in Downtown and Midtown Reno as well as the beautiful Truckee River. Park in your covered, secured parking and then walk, bike, or hop on a scooter to your local favorite eatery, pub, or coffee shop. What else does this fantastic townhome unit have the offer? Have I mentioned the Price? A bargain at only $338.00 per sq.ft. What else? Discover a truly rare offering at The Montage—a stunning tri-level Pool Terrace Townhouse that blends modern luxury with exceptional indoor/outdoor living right in the heart of Downtown Reno. The main living level, perched on the third floor, features an expansive great room filled with natural light, complete with an open kitchen, dining area, private patio, and a flexible bonus space with its own closet and full bath. Oversized windows enhance the airy, contemporary feel throughout. Descending to the second level, you'll find an art-ready staircase and landing, two inviting bedrooms, and a beautifully appointed primary suite with floor-to-ceiling windows, generous closet space, double sinks, a jetted tub, and a separate shower. A well-maintained guest bath and convenient laundry closet complete this floor. Enjoy secure, covered parking for three vehicles—an exceptional amenity in downtown living. The top level opens to the sixth floor, bringing in natural light from both sides of the home. This floor features an additional bedroom, full bath, and a comfortable living area, all leading to yet another spacious private patio. With direct access to the Pool Terrace and an exclusive secluded patio, this townhouse provides unmatched outdoor enjoyment. Beyond your residence, you'll experience the vibrant lifestyle that Downtown Reno offers—year-round events, riverfront paths, top dining, entertainment, and more, all just steps away. Stop looking and start living at The Montage. Shown by appointment only. *Conventional Financing may be available *

Listed by Gregory Cremeans — Sierra Choice Realty

Listing Details

Status Active
MLS # 250005249
Days on Market 379
Price/Sq Ft $338

Property History

Apr 23, 2025
Listed for sale
$849,000
Property Overview
Beds 3
Baths 4.0
Sq. Ft. 2,509
Lot Size 0.03 acres
Stories 3
Year Built 1978
Property Type Condominium
Subdivision Town Of Reno
APN 011-591-09
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s)
Construction Stucco
Roof Flat
Foundation Slab
Utilities & Systems
Heating Electric, Forced Air
Cooling Central Air, Electric
Financial
Annual Tax $5,933
HOA Fee $1,725 / Monthly
HOA / Community The Montage
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Fitness Center, Gated, Landscaping, Pool, 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% ($169,800)
Home price
$849,000
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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