$2,495,000 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

Now available as Riverfront in Truckee! The lot lines are being adjusted and the property will now extend all the way to the river's edge. 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. Located at the core 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. The future owner could add a garage too. So many opportunities. Step outside to enjoy a large backyard area that flows to the river's edge. Whether you're soaking in starlit evenings or lounging in the summer sun, the expansive 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 on the river is this best!

Listed by Doug Flynn — Tahoe Truckee Homes Inc

Listing Details

Status Active
MLS # 20260614
Days on Market 116
Price/Sq Ft $1,202

Property History

Apr 23, 2026
Listed for sale
$2,495,000
Aug 07, 2026
Price changed
$2,495,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,076
Year Built 1881
Property Type Single Family Residence
Style Mountain
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 019151028
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Downtown
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, CFAH
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$53,699 ($42K – $73K range)
~$4,475 per month
Avg Nightly
$303
Occupancy
48%
Cap Rate
0.9%

STR Investment Summary — 10017 East River Street, Truckee

Est. Gross Annual Revenue
$53,699
Avg Nightly Rate
$303
Projected Occupancy
48.4%
Cap Rate
0.9%
Structural Score: 70 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for Truckee. Gross of management, cleaning and platform fees. 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
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% ($499,000)
Home price
$2,495,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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