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.
3Beds
·
1.5Baths
·
1,642Sq Ft
About This Property
LABOR DAY WEEKEND OPEN HOUSE: Saturday Sept 5th, 3-5 pm. One of the best opportunities to own in Downtown Truckee. Where historic charm, walkability, and future appreciation come together. Perfectly positioned by the heart of historic Downtown Truckee, this versatile property offers both immediate lifestyle benefits and long-term investment potential. Enjoy year-round access to local favorites, restaurants, coffee shops, boutiques, and farmers markets, while being just minutes from the Truckee River, major ski resorts, and endless hiking and biking trails. The home features two bedrooms and a full bath upstairs, with a third bedroom, half bath, and a flex space/gear garage on the lower level. After mountain adventures, unwind in the private sauna or hot tub, or entertain on the sunny back patio. Set on a spacious parcel, this historic property holds significant development potential as the Truckee Railyard Project continues to transform the area. Whether you're seeking a personal mountain retreat, a long-term rental, or future redevelopment opportunity, this location is a rare find in one of Truckee’s most walkable and desirable neighborhoods.
Listed by Sami Bass — Sierra Sotheby's Int Realty TC
Listing Details
StatusActive
MLS #20261563
Days on Market47
Price/Sq Ft$426
Property History
Jul 28, 2026
Listed for sale
$699,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Nov 2017
· county record
$380,000
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.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Red Zone
STRUCTURAL SCOREPremium
62
PROJECTED GROSS ANNUAL REVENUE
$25K – $65Ktypically ~$45,000
~$3,750 per month
Avg Nightly
$230
Occupancy
54%
Cap Rate
2.5%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 10306 Trout Creek Road, 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.
Est. Gross Annual Revenue
$25K – $65K
typically ~$45,000
Avg Nightly Rate
$230
Projected Occupancy
53.5%
Cap Rate
2.5%
Structural Score: 62 / 100 (Premium)
· STR Zone: Red
Based on comparable vacation rental performance data for Truckee. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. 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
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
