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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.
Listing Details
Property History
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.
STR Investment Analysis
Red ZoneSTR Investment Summary — 10069 West River Street, Truckee
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings