$1,650,000 Active
10069 West 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.
3 Beds
·
4.0 Baths
·
3,570 Sq Ft
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About This Property

*A Storied Piece of Truckee History with Remarkable Possibilities* A rare opportunity to own a piece of Truckee history in the heart of historic downtown, the Tonini House offers a compelling combination of character, location, income potential, and possibility. Built by the Tonini family in the 1870s, this distinctive property has stood through generations of Truckee's evolution—from its railroad-era beginnings to the vibrant mountain community it is today. Currently configured as a mixed-use income property with commercial office spaces and two residential apartments, the Tonini House presents an intriguing opportunity for a variety of ownership visions. An investor can explore the potential of its existing residential and commercial income streams, while an owner-user may envision living in one or both residences while benefiting from income generated elsewhere in the building. For those captivated by its history, the property also offers the compelling possibility of reimagining the Tonini House as a remarkable single-family residence, subject to applicable approvals. Throughout the property, its historic character provides a connection to another era and a distinctive sense of place that simply cannot be recreated. At the same time, its flexible configuration creates opportunities to enhance, reposition, or personalize the property for its next chapter. And the location is quintessential Truckee. Just steps from the restaurants, shops, galleries, businesses, and energy of historic downtown, with the Truckee River nearby, the property offers the increasingly rare opportunity to live, work, invest, and participate in the heart of the community. Few properties combine this degree of history, versatility, and future potential. Whether preserved as an income-producing mixed-use property, transformed into a unique owner-occupied home with supplemental income, or thoughtfully returned to its residential roots, the Tonini House represents more than a real estate investment—it is an opportunity to become the next steward of an enduring piece of Truckee's story.

Listed by Breck Overall — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20262075
Price/Sq Ft $462

Property History

Oct 05, 2026
Listed for sale
$1,650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2005 · county record $1,250,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 4.0
Sq. Ft. 3,570
Lot Size 0.13 acres
Year Built 1880
Property Type Single Family Residence
Style Other
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 019090025000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Mountain(s), Water, Downtown
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
47
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 10069 West River Street, Truckee

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 47 / 100 (Standard) · STR Zone: Red

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

$10,343 per month
Principal & interest
$8,343/mo
Property taxes
$1,450/mo
1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$550/mo
CA FAIR Plan + DIC estimate, ~$6,100–$7,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($330,000)
Home price
$1,650,000
Loan details
30-yr fixed, 6.5%
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