12255 Sierra Drive Open House Save Request In-Person Tour Request Virtual Tour
Truckee,CA 96161
OPEN HOUSE
Fri Apr 04, 4:00pm - 7:00pm Sun Apr 06, 10:00am - 2:00pm
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,535 sqft
Price per Sqft $421
MLS Listing ID 20250460
Bedrooms 5
Year Built 1963
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Single Family
Property Description
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, and build all at once. Whether you're an investor eyeing strong cash flow, a first-time buyer looking for flexibility, 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. Key Features: 5 beds | 2 baths | 2,535 SF | .43 acres Bonus buildable lot included — maximize value and future potential Spiral staircase made from reclaimed materials adds one-of-a-kind charm Primary suite with en-suite can be locked off and is permitted as a Bed & Breakfast Junior ADU with separate entrance for added rental income or guest space Updated kitchens and bathrooms for modern comfort Deck is structurally ready for a hot tub Chicken coop + two storage sheds for sustainable, practical living & cheaper eggs! Ample parking and a layout that accommodates multiple uses Investment Insights: 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 — especially with a second buildable parcel included. Whether you're looking to house employees, generate short- or long-term rental income, develop a second home, or subsidize your mortgage payment the flexibility here is unmatched. Location Perks: Situated at a lower elevation, this home is just minutes from Donner Lake, I-80, shopping, dining, 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. Live in it. Rent it. Build on it. From multi-generational living to employee housing to cash-flow-ready investment, this is one of those rare finds where lifestyle and opportunity meet. Schedule your showing today — opportunities like this don't last.
Location
State CA
County Nevada
Community Truckee
Area Armstrong Tract-8Nr
Interior
Heating Natural Gas,CFAH,Radiant,In Floor
Flooring Carpet,Wood,Tile,Mixed
Laundry Room
Exterior
Parking Features Boat Storage,RV Parking,Parking Pad
View Wooded,Mountain
Roof Type Metal
Topography Level,Downslope,Gentle
Building
Lot Description Street
Story 3
Foundation Perim Concrete
Sewer Utility District
Water Utility District