Courtesy of Kristen Pepin, Dudum Real Estate Group
Property Description
PRICE IMPROVEMENT! The Most Affordable Home on the market in Truckee based on price per square foot just got even better!! Multi-family – Lake Tahoe Investment – Two Properties, One Price – Income + Lifestyle in the Heart of Truckee Welcome to a rare opportunity in Truckee’s highly sought-after Armstrong Tract — a distinctive property that offers not just a home, but a lifestyle investment. With two parcels included—a spacious, character-filled residence plus a buildable lot next door—this is your chance to live, rent, build all at once. Whether you’re an investor eyeing strong cash flow, a first-time buyer looking for flexibility, ski rental or a multi-generational household seeking space and privacy, this property delivers across the board. It’s also a smart choice for employee housing, with multiple rental-ready setups and immediate income potential. Current rental income exceeds $7K per month. Eligible for the Lease to Locals program, offering extra income right out of the gate. And with a price of just $421 per square foot, it’s one of the best values in the area. Situated at a lower elevation, this home is just minutes from Donner Lake, I-80, shopping, dining, World Renowned Ski Resorts, Tahoe Donner trail access and downtown Truckee.
Open House
Property Details and Features
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Appliances & Equipment
- Appliances: “Dishwasher”, “Gas Range”, “Microwave”, “Refrigerator”, “Washer”
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Bathrooms
- 3 full bathrooms
- 3 total bathrooms
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Bedrooms
- 6 bedrooms
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Building
- Construction Materials: “Cement Siding”
- Living Area: 2535
- Year Built: 1963
- Level – Street: “1 Bedroom”, “1 Bath”, “Primary Bedrm Suite – 1”, “Laundry Facility”, “No Steps to Entry”, “Main Entry”
- Level – Upper: “2 Bedrooms”, “1 Bath”, “Other”
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Cooling
- Cooling: “Ceiling Fan(s)”
- Cooling Included
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Floors
- Flooring: “Hardwood”, “Vinyl”, “Carpet”
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Foundation
- Foundation Details: “Concrete Perimeter”
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Heating
- Heating: “Forced Air”
- Heating Included
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Laundry
- Features: “Laundry Room”
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Location
- Subdivision Name: Not Listed
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Lot
- Lot Features: “Sloped Down”, “Back Yard”
- Lot Size Acres: 0.43
- Lot Size Area: 18730.8
- Lot Size Square Feet: 11325
- Parcel Number: 018540035000
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Parking
- Parking Features: “Off Street”, “RV/Boat Parking”, “Parking Lot”, “No Garage”
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Pets Policy
- Pets Allowed: “Yes”
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Pool
- Pool Features: “None”
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Property
- Property Condition: “Existing”
- Property Sub Type: Single Family Residence
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Roof
- Roof: “Metal”
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Utilities
- Electric: “No Solar”
- Water Source: “Public”
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Listing
- Sale/rent: For Sale
- $414 per square foot