NEW
$318,000
CondoEst. $1,796/mo
1 Bed
1 Bath
760 Sq. Ft.0.02 Acres
Built in 2006
50 N Sierra Street, Unit STE 806
Reno, NV, 89501
The Palladio
89501 Homes for Sale — Downtown Reno
Showing 41 active listings · Inventory snapshot October 27, 2026
Browse 89501 Homes for Sale — Downtown Reno
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- View 50 N Sierra Street, Unit STE 806, Reno, NV, 89501 — $318,000
NEWView 100 N Arlington Avenue, Unit 4-C, Reno, NV, 89501 — $349,000$349,000CondoEst. $1,971/mo2 Beds1.5 Baths880 Sq. Ft.0.02 AcresBuilt in 1966100 N Arlington Avenue, Unit 4-CReno, NV, 89501Arlington Towers
NEWPRICE REDUCED $50kView 100 N Arlington Avenue, Unit UNIT 20E, Reno, NV, 89501 — $549,900$549,900$50kCondoEst. $3,105/mo2 Beds1.5 Baths1,144 Sq. Ft.0.03 AcresBuilt in 1966100 N Arlington Avenue, Unit UNIT 20EReno, NV, 89501Arlington Towers
NEWView 50 N Sierra Street, Unit 1108, Reno, NV, 89501 — $415,000$415,000CondoEst. $2,343/mo1 Bed1 Bath938 Sq. Ft.0.02 AcresBuilt in 200650 N Sierra Street, Unit 1108Reno, NV, 89501The Palladio
NEWView 255 N Sierra Street, Unit UNIT 713, Reno, NV, 89501 — $279,900$279,900CondoEst. $1,580/mo0 Beds1 Bath618 Sq. Ft.0.01 AcresBuilt in 1978255 N Sierra Street, Unit UNIT 713Reno, NV, 89501The Montage Phase 1
NEWView 200 W 2nd Street, Unit 405, Reno, NV, 89501 — $189,000$189,000CondoEst. $1,067/mo0 Beds1 Bath397 Sq. Ft.0.01 AcresBuilt in 1978200 W 2nd Street, Unit 405Reno, NV, 89501Riverwalk Condominiums
Reno currently has 41 active 89501 homes for sale — downtown reno, with a median list price of $350,000 and an average of 56 days on market. ZIP 89501 is downtown Reno’s core — the Riverwalk District along the Truckee River, the casino corridor, and the high-rise and loft conversions that define the city’s only true urban market. Inventory is a focused set of listings, dominated by condominiums in towers like The Montage and the Riverwalk buildings rather than single-family homes. Buyers here trade yards for lock-and-leave living, river-path access, and a walk-to-everything address at prices well below equivalent urban condos on the West Coast.
41Active Listings
$350,000Median List Price
56Closed median days on market (90 days)
Why Buy 89501 Homes for Sale — Downtown Reno?
- This is Reno’s only genuinely walkable urban core: the Riverwalk District’s restaurants, the Truckee River path, Greater Nevada Field, and the arts district are all outside your lobby door.
- Condo towers like The Montage and the Riverwalk buildings deliver secured-entry, lock-and-leave ownership — ideal for frequent travelers, Tahoe-weekend households, and buyers splitting time between states.
- Urban 89501 pricing sits dramatically below comparable downtown condos in Sacramento, the Bay Area, or Seattle, and Nevada’s zero state income tax compounds the ownership savings for relocating professionals.
- Downtown Reno’s ongoing redevelopment — university expansion southward, riverfront improvements, and new mixed-use projects — gives early urban buyers exposure to the district’s long-term upside.
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Reno FAQ — 6 Answers
What Do Reno Buyers Most Frequently Ask?
Most AskedWhat kind of properties are for sale in Reno ZIP 89501?
The ZIP is condo country: high-rise units in The Montage, residences in the Riverwalk towers along the Truckee River, loft conversions, and a small number of historic houses on the district’s edges. If you need a detached home with a yard, neighboring 89502 and 89503 are the better hunting grounds.
What do HOA dues cover in downtown Reno condo towers?
Tower dues typically cover building security and secured entry, elevators, common-area maintenance, amenities such as gyms and lounges, master insurance on the structure, and often water and trash. Dues vary widely by building and unit size, so we compare the full fee-versus-amenity picture — plus reserve health — across buildings before you offer.
Are downtown Reno condos hard to finance?
Some buildings carry lending nuances — owner-occupancy ratios, litigation history, or non-warrantable status can affect conventional approval. We know which downtown buildings finance cleanly and which need portfolio or larger-down-payment loans, and we pair you with Northern Nevada lenders who close these regularly.
Can I rent out a 89501 condo, short-term or long-term?
Long-term rentals are allowed in most buildings, though ratios matter for the building’s financeability. Short-term rentals are restricted by both the City of Reno’s permit rules and most towers’ CC&Rs — several prohibit them outright. If rental income is part of your plan, we verify the specific building’s rules before you commit.
Can you tour downtown Reno condos with us?
Yes. Tower showings require agent-scheduled access, and touring two or three buildings back-to-back is the fastest way to feel the differences in views, amenities, and dues. Call the Nevada Real Estate Group Northern Nevada team at (775) 277-2120 and we can usually arrange a downtown condo tour within a day.
How does 89501 compare with 89502 next door?
89501 is vertical urban living — condos, lofts, walkability, and river frontage. 89502 is the established single-family core just southeast, where similar money buys a detached mid-century house with a yard. Lifestyle decides it: lock-and-leave urban energy points to 89501; a private lot points to 89502.
Updated October 27, 2026
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