$398,000 Active
10187 W 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.
6 Beds
·
7.0 Baths
·
3,735 Sq Ft

About This Property

Located just steps from the Truckee River and vibrant Historic Downtown, this property presents an exceptional opportunity for developers, investors, historic restoration enthusiasts, or buyers seeking a signature legacy project. Architectural plans, engineering, and permitting work are included with the sale. Rare opportunity to acquire one of Historic Downtown Truckee's most exciting redevelopment opportunities. Built in the late 1800s, this authentic Victorian triplex is being offered with approximately eight years of architectural design, historical review, engineering, agency coordination, and permitting work already completed. The approved renovation plans preserve the property's historic character while creating three residential units totaling approximately 3,735 square feet, including a studio, a two-bedroom residence, and a spacious two-level three-bedroom lock-off residence. The existing structure is structurally sound but is designed to be lifted onto a new foundation as part of the approved redevelopment plans. Building Permit is currently in the final stages of plan review with the Town of Truckee, representing years of entitlement work that will transfer to the next owner. Two adjacent parcels at 10175 and 10167 W River Street are also available for purchase individually or together as part of a rare three-parcel assemblage, creating an exceptional opportunity to control a significant portion of West River Street with additional redevelopment, expansion, parking, or future development potential.

Listed by JB Benna — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20261906
Days on Market 8
Price/Sq Ft $107

Property History

Sep 05, 2026
Listed for sale
$398,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2018 · county record $350,000 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 6
Baths 7.0
Sq. Ft. 3,735
Year Built 1880
Property Type Single Family Residence
Style Other
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 019130051000
Parking
Parking Features None
Exterior & Lot
Lot Features Street
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($79,600)
Home price
$398,000
Loan details
30-yr fixed, 6.5%
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