1. California
  2. Truckee
  3. 12255 Sierra Dr
$1,050,000

12255 Sierra Dr, Truckee, CA 96161

  • 6 beds |
  • 3 baths |
  • 2,535 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $414/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
April 26, 2025 at 05:00AM
Listing Office:
Dudum Real Estate Group : 925-937-4000
Listing Agent:
Kristen Pepin : 203-520-8234
MLS ID:
41095125
  • General: DenCounter - Solid SurfaceUpdated Kitchen
  • Appliances: DishwasherGas RangeMicrowaveRefrigeratorWasher
  • Laundry: Laundry Room
  • Basement: Crawl Space
  • Flooring: HardwoodVinylCarpet
  • A/C: Ceiling Fan(s)
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Kristen Pepin, Dudum Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

T

Truckee Elementary School

11911 Donner Pass Rd, Truckee, CA, 96161

Grades KG-5

0.34 miles away

C

Cold Stream Alternative

11661 Donner Pass Rd, Truckee, CA, 96161

Grades KG-12

0.74 miles away

T

Truckee High School

11725 Donner Pass Rd, Truckee, CA, 96161

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.