$290,000
Active
255 N Sierra Street #UNIT 1208
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
·
805
Sq Ft
About This Property
This 12th-floor Montage Condo with East views and morning Sun, overlooks the City and valley. Residents enjoy access to an impressive suite of amenities, including a large, fully equipped fitness center, 24-hour security, and a staffed front desk that provides convenience and peace of mind. The building also features secured parking and private indoor storage lockers for added convenience. A brand-new pool deck is currently under development and scheduled for completion in Summer 2026, promising an elevated outdoor living experience.
Listed by Alan Hoffman — HomeGate Realty of Reno
Listing Details
Status
Active
MLS #
260006056
Days on Market
3
Price/Sq Ft
$360
Property History
May 14, 2026
Listed for sale
$290,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
805
Lot Size
0.02 acres
Stories
23
Year Built
1978
Property Type
Condominium
Subdivision
The Montage Phase 1
APN
011-555-08
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Permit Required, Garage, Under Building
Attached Garage
Yes
Exterior & Lot
Exterior Features
Balcony
Lot Features
Level
View
City, Mountain(s), Valley
Construction
Concrete, Stucco, Other
Roof
Membrane
Foundation
Concrete Perimeter, Other
Pool & Spa
Pool
Heated, In Ground, Outdoor Pool
Utilities & Systems
Heating
Electric, Forced Air, Heat Pump
Cooling
Central Air, Electric
Financial
Annual Tax
$1,959
HOA Fee
$574 / Monthly
HOA / Community
The Montage HOA
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
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% ($58,000)
Home price
$290,000
Loan details
30-yr fixed, 6.5%
