About This Property
Fully remodeled and ideally located in the heart of Truckee, this historical property offers a rare opportunity to own a piece of local history while enjoying modern comfort and flexibility. Situated in the heart of one of America’s top-ranked ski towns, you’re just minutes from world-class resorts and year-round outdoor adventure. Zoned with the highly desirable DMU (Downtown Mixed Use) designation, this versatile multi-family property features two distinct living units, but could easily live as one single family home, plus the potential for private office space or a large mudroom—perfect for those seeking a live/work lifestyle or rental income opportunities. The lower level includes two bedrooms, a spacious living room, and a generously sized kitchen with a dedicated dining area. Just off the kitchen, a convenient BBQ deck makes outdoor dining effortless. The main bedroom offers the option to incorporate a full walk-in closet with direct access to an adjoining office space. Upstairs offers multiple options as well. With a fully appointed kitchen it could live as a two bedroom or a single with a spacious living room. So many opportunities. Step outside to enjoy a large, fully fenced backyard designed for both relaxation and entertaining. Whether you're soaking in peaceful, starlit evenings or lounging in the summer sun, this private outdoor space is ideal for gathering with friends and family. Inside, the home shines with a completely remodeled custom kitchen featuring striking blue cabinetry, a matching backsplash, soft-close drawers, quartz countertops, and premium LG appliances—offering plenty of room for multiple cooks to enjoy. The bathroom is equally refined, showcasing a double vanity and a stylish bubble light fixture as a standout design element. Additional highlights include laundry hookups in both living areas and a second front entrance that creates flexibility for a private office or functional mudroom—perfect for an active mountain lifestyle with the perk of being downtown Truckee. This unique property invites you to imagine and create a living space tailored to your needs, all within one of the Sierra’s most sought-after downtown settings. This historical home qualifies for the Mills Act which allows for significant reduction in property taxes. Downtown living is this best!
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 10017 East River Street, Truckee
Based on comparable vacation rental performance data for Truckee. Revenue projections are estimates and may vary.
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings