$285,000 Active
255 N Sierra Street #UNIT 2001
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1.0 Baths
·
593 Sq Ft
Virtual Tour

About This Property

Perched on the 20th floor of The Montage in the heart of downtown, this exceptional luxury high-rise condo offers breathtaking westward views that stretch across the city skyline, mountains, and river—an ever-changing backdrop of sunsets and sparkling lights. Ideally positioned toward the end of the building, the unit enjoys enhanced privacy with only one shared neighbor wall. This condo has three large windows in addition to the patio windows, setting it apart from other floor plans in this community. New luxury Vinyl Plank flooring and freshly painted cabinets add to the bright and clean look to this already brilliant space. Residents enjoy access to an impressive suite of amenities, including a large, fully equipped fitness center, 24-hour security, and a staffed front desk providing convenience and peace of mind. The building also features secured parking and private indoor storage lockers for added ease. A brand-new pool deck is currently under development and scheduled for completion Summer 2026, promising an elevated outdoor living experience. Even better, the seller has already paid off the full balance of the special assessment—offering immediate value and peace of mind to the next owner. This is downtown luxury living at its finest, combining panoramic views, premium amenities, security, and thoughtful design in one remarkable residence.

Listed by Heather Edwards — eXp Realty, LLC

Listing Details

Status Active
MLS # 260004415
Days on Market 30
Price/Sq Ft $481

Property History

Apr 13, 2026
Listed for sale
$285,000
Property Overview
Baths 1.0
Sq. Ft. 593
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-562-02
Parking
Garage Spaces 1
Total Parking 1
Parking Features Permit Required, Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s)
Construction Stucco
Roof Flat
Foundation None
Pool & Spa
Pool In Ground, Outdoor Pool
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $1,968
HOA Fee $423 / Monthly
HOA / Community FirstService Residential
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Elevator(s), Fitness Center, Landscaping, Parking, Pool, Recreation Room, Security, Spa/Hot Tub, Storage
📊

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% ($57,000)
Home price
$285,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373