$299,000 Active
255 N Sierra Street #511
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
·
867 Sq Ft

About This Property

Experience what downtown living is all about in the biggest little city! This 1-bedroom, 1-bath Montage loft is central to the best dining, entertainment and culture Reno has to offer. Enjoy your coffee and the morning light on a private eastern-facing balcony. A retractable pocket wall separates the main living area from the primary suite and sizable walk-in closet. With fresh paint throughout and new flooring in the kitchen and main living space, this unit is move-in ready., Amenities of the Montage include 24-hour front desk service, secure underground self-parking, e-car charging stations, and bike storage. Along with the clubhouse there is a rooftop pool and hot tub, gas grills, fitness center, lounge area, and meeting rooms. Reno's Biggest Little Dog Park is just steps away.

Listed by Kylie Keenan — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260002925
Days on Market 54
Price/Sq Ft $345

Property History

Mar 15, 2026
Listed for sale
$299,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 867
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-592-02
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s), Trees/Woods
Construction Stucco
Roof Flat
Foundation Slab
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $2,686
HOA Fee $618 / Monthly
HOA / Community First Service Residential
Schools
Elementary School Hunter Lake
Middle School Clayton
High School Reno
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Landscaping, Management, Pool, Recreation Room, Security
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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% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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