Donner Lake Six: six modern residences in three two-unit buildings, completed in 2024 to LEED Gold-equivalent standards and fully leased. Cedar and corrugated-metal exteriors sit among the pines, about a quarter mile from the Donner Lake shoreline and minutes from I-80, downtown Truckee and the region's ski resorts. Each of the three one-bedroom and three studio homes has its own entrance, a private balcony and an attached single-car garage. Inside: a full kitchen with stainless appliances, dishwasher and granite counters, a full bath with tub/shower, dedicated storage and washer/dryer hookups. Electric and water are metered separately by unit. The property operates under recorded deed restrictions that run in perpetuity: tenants must work 30+ hours per week within the TTUSD boundary, leases run six to twelve months, and total monthly housing cost is capped at 180% of Nevada County AMI for a two-person household. A stabilized, newly built workforce-housing asset with in-place local demand. Trailing-twelve-month NOI of $90,614 (Aug 2025 through Jul 2026, unaudited). Offering memorandum available to qualified buyers. Buyer to independently verify all information.
Multi-familyProperty Type
Listed by David Gove•DRE #DRE #02046737• Real Broker
Donner Lake, located between Donner Pass Road and Interstate 80, is a lakeside and mountain Truckee neighborhood with a public beach and a pine-lined shoreline. The neighborhood’s character concentrates around Donner Memorial State Park and the adjacent lakeside pullouts, where picnic tables, trailheads, and boat traffic set the tempo. Cabin-style homes and low-slung lake houses mix with newer builds, many oriented toward water views and winter snowpack. West End Beach anchors warm-weather lake days, while the Donner Lake Rim Trail frames the edge with steady climbs and forest shade. Donner Memorial State Park adds museum-grade local history alongside campgrounds and shoreline paths. Donner Ski Ranch and Tahoe Donner Cross Country bring a winter rhythm close to the lake.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Heating & cooling
Natural gas heating
Exterior features
Downslope terrain
Lake and mountain views
Home design
Mountain architectural style
Two stories
Multi-family property
Parking
Blacktop parking
Security
Fire alarm
Fire sprinkler system
Construction
Frame and cedar construction
Concrete perimeter foundation
Composition and metal roof
Utilities
Utility district water and sewer
Natural gas available
Separate meters
Electricity and solar
View estimated energy costs and solar savings for this home
6 unit Multi-Family Unit Project READY FOR BUILD. Great investment for Employee Housing. Architectural plans included. 6 units lakeview units total. 3 One-bedrooms, 3 Studios. All have garages. Stairway separates units for privacy. Town of Truckee Permits in place. Fantastic Location for Employee Housing. Permits sold outside of escrow. Ask Agent about potential for $350,000 Grant.
TSMLS #20171378
Feb 3, 2018
Sold
$95,000
Oct 10, 2017
Contingent
—
Jun 14, 2017
Listed
$90,000
+1
Hard to find Donner Lake parcel with RM-15 zoning. Seller has TOPO, site plan and proposed plans for Four large townhomes on this . 49 acre parcel. Site offers filtered lake views and walking distance to West End State Park.
TSMLS #1
Sep 1, 2015
Price Changed
$100,000
Public Records
Mar 6, 2006
Sold
$310,000
Public Records
Jun 5, 2000
Sold
$70,000
Public Records
Sep 4, 1991
Sold
$67,500
Year
Property tax
Land + Additions
Assessment*
2025
$8,564 (+24.0%)
$369,362 + $1,275,000
$1,644,362
2024
$6,905 (+369.6%)
$358,020 + $275,400
$633,420
2023
$1,471 (+1.2%)
$103,895
2022
$1,453 (+16.7%)
$103,895
2021
$1,245 (−28.3%)
$101,858
2020
$1,735 (−0.7%)
$99,861
2019
$1,748
$98,838
Public record
Public record
Zoning
Beds
1
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.49 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
667
Year built
2023
Style
Other
County
Nevada County
APN
017170032000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
RM-15
Multi-Family Residential District - 15 Dwelling Units Per Acre
The RM zoning district is applied to parcels appropriate for multi-family residential uses. Appropriate densities range from four to 18 housing units per acre. The RM zoning district is consistent with the Residential (RES), High Density Residential (RH) and Tahoe Donner PC land use classifications of the General Plan.; The designation of an area in the RM zoning district may include establishing separate RM zoning districts with specific density requirements. These requirements shall be indicated on the Zoning Map by a suffix to the RM Zoning Map symbol which denotes the maximum allowable number of dwelling units per acre. For example, RM-8 means eight dwelling units per acre and RM-14 means 14 units per acre. RM-18 means 18 dwelling units per acre.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Recreation-Other
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
2/10 Heat Factor
12 days above 83° expected this year, 31 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
16 unhealthy days expected this year, 19 days in 30 years
Provided by First Street
Historical weather
Truckee, CA • 96161
Average low and high temperatures (°F)
43
21
44
25
53
27
54
29
65
36
76
42
80
47
80
47
72
44
62
36
49
28
46
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.1 hours in
June and 5.6 hours in December, placing it above the
U.S. average for solar exposure.
12.1 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10199 Donner Lake Rd
$1,739,092
$11K under list price of $1.75M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $565K to $1.7M.