$295,000 Active Under Contract
255 N Sierra Street #1108
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
Virtual Tour

About This Property

Experience the best of downtown Reno in this inviting 1 bedroom, 1 bath condo just steps from the Riverwalk District. Enjoy exceptional walkability to the Truckee River, restaurants, shopping, casino entertainment, and performances at the Pioneer Center. This move in ready home features new remote controlled blinds, updated kitchen and bathroom sink faucets, and a screened balcony door, a rare upgrade not found in most units. The refrigerator, washer, and dryer are all included for added convenience. Residents enjoy outstanding amenities, including a spacious fitness center, 24-hour security, a staffed front desk, secured parking, and private indoor storage lockers. A brand-new pool deck, scheduled for completion in Summer 2026, will further enhance the building's resort-style lifestyle. Whether you're seeking a primary residence, weekend retreat, or investment opportunity, this centrally located condo offers comfort, convenience, and the best of urban living.

Listed by Shelby Mangum — Redfin

Listing Details

Status Active Under Contract
MLS # 260008819
Days on Market 45
Price/Sq Ft $366

Property History

Jul 10, 2026
Listed for sale
$295,000
Aug 13, 2026
Pending
$295,000
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
STR Jurisdiction Washoe County
APN 011-554-09
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Level
View City, Mountain(s)
Construction Concrete, Stucco
Roof Flat
Foundation Slab
Pool & Spa
Pool Heated, In Ground
Utilities & Systems
Heating Electric, Forced Air
Cooling Central Air, Electric
Financial
Annual Tax $2,004
HOA Fee $574 / 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, Gated, Landscaping, Management, Parking, Pool, Recreation Room, Sauna, 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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($59,000)
Home price
$295,000
Loan details
30-yr fixed, 6.5%
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