$1,895,000 Active
10017 East River Street
Truckee, CA 96161
⚠ STR Permit Cap Reached
Town of Truckee STR permit cap has been reached. 1-year waiting period after purchase before you can apply. Verify current waitlist status before buying.
4 Beds
·
2.0 Baths
·
2,076 Sq Ft
Virtual Tour

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!

Listed by Doug Flynn — Tahoe Truckee Homes Inc

Listing Details

Status Active
MLS # 20260614
Days on Market 1
Price/Sq Ft $913

Property History

Apr 22, 2026
Listed for sale
$1,895,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,076
Stories 2
Year Built 1881
Property Type Single Family Residence
Style Mountain
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 019-151-028
Parking
Parking Features None
Exterior & Lot
Lot Features Level
View Downtown
Construction Framed
Roof Metal
Foundation Perim Concrete
Utilities & Systems
Heating Electric,CFAH
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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%

STR Investment Summary — 10017 East River Street, Truckee

Est. Annual Revenue
$56,607
Avg Nightly Rate
$554
Projected Occupancy
28.5%
Cap Rate
1.2%
Structural Score: 57 / 100 (Premium) · STR Zone: Green

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

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% ($379,000)
Home price
$1,895,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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