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.
4Beds
·
2.0Baths
·
2,144Sq Ft
About This Property
Ample living space, versatility, and affordability in the heart of Truckee! This home is a few blocks away from acclaimed dining, boutiques, and year-round events of historic downtown Truckee, as well as the shores of Donner Lake. The spacious four-bedroom, two-bath floor plan is designed to accommodate a variety of lifestyles. A separate rear entrance offers outstanding flexibility for multigenerational living, extended guest accommodations, a private home office, or the potential for an ADU. The home's adaptable layout creates opportunities that are increasingly difficult to find in today's market. The private, fully fenced backyard offers a welcoming setting for outdoor entertaining, gardening, or relaxing after a day on the trails or the lake. A detached garage provides storage for mountain gear, while desirable off-street parking easily accommodates multiple vehicles or recreational toys. Adding even more value, the property has received about $100,000 in recent improvements, including a new roof and siding upgrades, giving buyers peace of mind and reducing future maintenance needs. Offering flexibility in a central location, 10136 Sierra Avenue presents an exceptional opportunity to invest in the mountain lifestyle with comfort, convenience, and lasting value.
Listed by Pilar Zolezzi Rioja — Coldwell Banker Realty
Listing Details
StatusPending
MLS #20261368
Days on Market79
Sold Date2026-09-30
Price/Sq Ft$389
Property History
Jul 03, 2026
Listed for sale
$835,000
Aug 28, 2026
Pending
$835,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Aug 2021
· via MLS history
$627,000
—
—
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
61
PROJECTED GROSS ANNUAL REVENUE
$40K – $75Ktypically ~$50,000
~$4,167 per month
Avg Nightly
$285
Occupancy
48%
Cap Rate
2.4%
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 — 10136 Sierra Avenue, 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
$40K – $75K
typically ~$50,000
Avg Nightly Rate
$285
Projected Occupancy
48.0%
Cap Rate
2.4%
Structural Score: 61 / 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.
Your account is verified. Unlocking all premium content...
Something Went Wrong
We couldn't send the verification email. Please try again.
About Murat Gocmen
Managing Broker · Real Estate Tahoe
I didn't come to real estate through the typical path. I'm a builder first — someone who looks at problems, sees systems, and starts putting things together. Before I ever sold a home in Lake Tahoe, I was running businesses, building technology products, and figuring out how to make operations actually work. That mindset never left.
Today I operate across real estate, vacation rentals, and hospitality in and around North Lake Tahoe. I run MG Vacation Rentals, help buyers and sellers navigate one of the most competitive mountain markets in the country, and build the technology tools my team uses every day. I don't outsource the thinking — I'm in the numbers, the deals, and the details.