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Lake Tahoe Investment - Two Properties, One Price – Versatile 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. This property comes with a strong rental history and even stronger future potential. 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. Yes, you’ll hear a bit of I-80 “white noise,” but the unmatched convenience and accessibility far outweigh the hum.
Property Type(s):
Single Family
| Last Updated | 4/26/2025 | Tract | Not Listed |
|---|---|---|---|
| Year Built | 1963 | County | Nevada |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Washer |
| GARAGE | Off Street, RV Access/Parking |
| HEAT | Forced Air |
| LOT | 0.26 acre(s) |
| LOT DESCRIPTION | Back Yard, Sloped Down, Yard |
| PARKING | Off Street,RV Access/Parking |
| POOL DESCRIPTION | None |
| SUBDIVISION | Not Listed |
Location
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Listed with Dudum Real Estate Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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