Historic Downtown Truckee home is now available with many options - including the possibility of making it riverfront property - at a newly reduced price. This home, with an ADU, is being offered with a first right of purchase option, eventually on the lot behind the property that goes all the way to the river's edge. We have landscape examples of what the backyard could look like from a very similar property. The fully remodeled home is ideally located in the heart of Truckee. This historical property offers a rare opportunity to own a piece of local history while enjoying modern comfort and flexibility. Located at the core of one of America’s top-ranked ski towns, you’re just minutes from world-class resorts and year-round outdoor adventure. Zoned with the highly desirable DMU (Downtown Mixed Use) designation, this versatile multi-family property features two distinct living units, but could easily live as one single family home, plus the potential for private office space or a large mudroom. A perfect spot for seeking a live/work lifestyle or rental income opportunity. It could be commercial space or a combo of both. So many options. The lower level includes two bedrooms, a spacious living room, and a generously sized kitchen with a dedicated dining area. Just off the kitchen, a convenient BBQ deck makes outdoor dining effortless. The main bedroom offers the option to incorporate a full walk-in closet with direct access to an adjoining office space. Upstairs offers multiple options as well. With a fully appointed kitchen it could live as a two bedroom or a single with a spacious living room. The future owner could add a garage too. So much versatility. Whether you're soaking in starlit evenings or lounging in the summer sun, the expansive outdoor space is ideal for gathering with friends and family. Inside, the home shines with a completely remodeled custom kitchen featuring striking blue cabinetry, a matching backsplash, soft-close drawers, quartz countertops, and premium LG appliances—offering plenty of room for multiple cooks to enjoy. The bathroom is equally refined, showcasing a double vanity and a stylish bubble light fixture as a standout design element. Additional highlights include laundry hookups in both living areas and a second front entrance that creates flexibility for a private office or functional mudroom - perfect for an active mountain lifestyle with the perk of being downtown Truckee. This unique property invites you to imagine and create a living space tailored to your needs, all within one of the Sierra’s most sought-after downtown settings. This historical home qualifies for the Mills Act which allows for significant reduction in property taxes. Downtown living, especially on the river which this could be, is this best!