Two Properties, One Price Versatile Income + Lifestyle in the Heart of Truckee Welcome to a rare opportunity in Truckees highly sought-after Armstrong Tract a distinctive property that offers not just a home, but a lifestyle investment. With two parcels includeda spacious, character-filled residence plus a buildable lot next doorthis is your chance to live, rent, and build all at once. Whether youre 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, its one of the best values in the area especially with a second buildable parcel included. Whether youre 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, youll 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 dont last.