One of the best opportunities to own in Downtown Truckee. Where historic charm, walkability, and future appreciation come together. Perfectly positioned by the heart of historic Downtown Truckee, this versatile property offers both immediate lifestyle benefits and long-term investment potential. Enjoy year-round access to local favorites, restaurants, coffee shops, boutiques, and farmers markets, while being just minutes from the Truckee River, major ski resorts, and endless hiking and biking trails. The home features two bedrooms and a full bath upstairs, with a third bedroom, half bath, and a flex space/gear garage on the lower level. After mountain adventures, unwind in the private sauna or hot tub, or entertain on the sunny back patio. Set on a spacious parcel, this historic property holds significant development potential as the Truckee Railyard Project continues to transform the area. Whether you're seeking a personal mountain retreat, a long-term rental, or future redevelopment opportunity, this location is a rare find in one of Truckee’s most walkable and desirable neighborhoods.