$599,000 Active
255 N Sierra Street #Units 1919
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
3.0 Baths
·
1,585 Sq Ft

About This Property

The Montage - Downtown Reno's premier high-rise condominium property. This is a unique opportunity to own two adjacent units - a 1BR + Den w/ two full bathrooms (1919) and a modified Studio w/ one full bathroom (1901) that is currently configured as a master bedroom with a seating and home office area. Take in the expansive urban and mountain views from these 19th floor North and West facing units. 24/7 front desk, security, and maintenance staff, in addition to a well-equipped fitness center, owners' lounge, bicycle storage room, and designated underground parking, provide luxurious easy and safe living for all ages. Even Fido is pampered as there is an indoor pet relief station and The Biggest Little Dog Park right next door. Your patience will be well-awarded with completion of the 6th floor Pool Deck architecturally-designed replacement installations currently slated for Fall of 2026.

Listed by Mary Babiasz — ERA - Realty Central

Listing Details

Status Active
MLS # 260005474
Days on Market 5
Price/Sq Ft $378

Property History

May 02, 2026
Listed for sale
$599,000
Property Overview
Beds 2
Baths 3.0
Sq. Ft. 1,585
Lot Size 0.04 acres
Stories 23
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-561-20
Parking
Total Parking 2
Parking Features Under Building
Exterior & Lot
Exterior Features None
Lot Features Other
View City, Mountain(s), Park/Greenbelt
Construction Brick, Concrete, Stucco
Roof Membrane
Foundation Other
Utilities & Systems
Heating Electric, Heat Pump
Cooling Central Air, Electric
Financial
Annual Tax $4,151
HOA Fee $1,131 / Monthly
HOA / Community The 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, Recreation Room, Security, Spa/Hot Tub, 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% ($119,800)
Home price
$599,000
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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