$465,000 Active
255 N Sierra Street #UNIT 1012
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,273 Sq Ft

About This Property

Brand new woodlike flooring installed April 2026! It is beautiful, come and check it out. Experience elevated urban living at The Montage, Reno's signature downtown high-rise. This desirable corner residence combines contemporary style with everyday comfort, featuring an open living and dining area framed by sweeping city vistas. Rich hardwood flooring, modern appliances, and closet storage bring both sophistication and functionality, while two dedicated parking spaces and a private storage unit add convenience. The current owners used the second room as a guest room and office, fitting both a king-sized bed and a computer desk. Life at The Montage is more than a home, it's a lifestyle. Residents are greeted by a tranquil, Zen-inspired lobby and enjoy the reassurance of 24-hour concierge service. The resort-style pool deck provides the perfect setting for relaxation or gatherings, complete with two hot tubs, a lap pool, outdoor kitchens, and a clubhouse for entertaining. Fitness lovers will appreciate the building's expansive, fully equipped gym. Additional amenities include inviting community spaces such as a library, owner's lounge, bike storage, indoor pet relief station, and a beautifully landscaped garden terrace ideal for sunset views or fireworks over the city. Perfectly positioned near the Truckee Riverwalk, cultural attractions, and Midtown's vibrant dining and shopping, The Montage offers a sophisticated blend of comfort, convenience, and city energy.

Listed by Annette Junell — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 250057645
Days on Market 189
Price/Sq Ft $365

Property History

Oct 30, 2025
Listed for sale
$465,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,273
Lot Size 0.03 acres
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-553-13
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, Garage Door Opener, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s)
Construction Concrete, Stucco, Other
Roof Flat, Membrane
Foundation Concrete Perimeter
Pool & Spa
Pool Heated, In Ground, Outdoor Pool
Utilities & Systems
Heating Electric, ENERGY STAR Qualified Equipment, Forced Air
Cooling Central Air, ENERGY STAR Qualified Equipment
Financial
Annual Tax $4,112
HOA Fee $908 / Monthly
HOA / Community Montage Owners Association
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Elevator(s), Fitness Center, Gated, Landscaping, Management, Parking, Pool, 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% ($93,000)
Home price
$465,000
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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