| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Good |
| Demographics | 68th | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10081 Martis Valley Rd, Truckee, CA, 96161, US |
| Region / Metro | Truckee |
| Year of Construction | 2001 |
| Units | 72 |
| Transaction Date | 2022-09-22 |
| Transaction Price | $12,325,000 |
| Buyer | TAHOE PRESERVATION ASSOCIATES LP |
| Seller | SIERRA MEADOWS LP |
10081 Martis Valley Rd Truckee Multifamily Opportunity
Elevated home values in Truckee point to a high-cost ownership market that supports sustained renter demand, according to WDSuite’s CRE market data. The property’s 2001 vintage positions it competitively against older stock while allowing room for targeted modernization.
Located in Truckee, California, the neighborhood rates B+ and is competitive among Truckee–Grass Valley metro neighborhoods (11th of 39). Elevated home values (top quartile nationally) signal an ownership market where renters often rely on multifamily options, reinforcing potential depth of the tenant base and pricing power for well-managed assets.
Local dynamics skew toward convenience over breadth: restaurants are relatively dense for the area (competitive among metro peers), while cafes, parks, and pharmacies are limited nearby. Grocery access sits around the metro middle. For investors, this mix favors car-based living rather than walk-to-everything, which can influence marketing and amenity strategy.
Tenure patterns indicate a meaningful but not dominant renter-occupied share at the neighborhood level, corroborated by 3-mile statistics showing roughly three in ten housing units renter-occupied. This suggests a defined renter pool without heavy competition from institutional multifamily at every corner, supporting demand for quality units and professional management.
Within a 3-mile radius, recent population growth and a projected increase in households point to a larger tenant base over the coming years. Rising incomes in the area and a rent-to-income profile that indicates manageable affordability pressure can aid retention and occupancy stability. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trends are below national norms, so performance will hinge on property-level execution, product differentiation, and leasing discipline rather than market momentum alone.
The average construction year in the neighborhood is late-1990s; this property’s 2001 vintage is slightly newer, offering relative competitiveness versus older buildings while still benefiting from selective upgrades to enhance appeal and operating efficiency.
Neighborhood-level safety benchmarks for this specific area were not available in WDSuite’s dataset at the time of analysis. Investors should evaluate safety through multiple lenses — regional reporting, local comparables, and property-level measures — and compare trends at the neighborhood and metro levels for context rather than relying on block-by-block anecdotes.
Regional employers contribute to a stable workforce draw for Truckee-area rentals. Nearby logistics and foodservice distribution provide commuting options that can support leasing and retention for workforce-oriented units, including Sysco Food Service.
- Sysco Food Service — foodservice distribution (23.2 miles)
The investment case centers on a high-cost ownership market that sustains renter reliance, a renter-occupied presence that supports demand depth, and a 2001 vintage with room for targeted value-add. According to CRE market data from WDSuite, neighborhood occupancy sits below national norms, which places more emphasis on asset-level strategy — unit finishes, energy systems, and professional leasing — to capture demand and maintain stability.
Within 3 miles, recent population growth and a projected increase in households indicate a larger renter pool ahead. Elevated home values bolster renter retention dynamics, while a manageable rent-to-income profile suggests room for disciplined revenue management. Amenity breadth is car-oriented rather than walkable, so on-site features and parking can be meaningful differentiators.
- High-cost ownership market supports sustained multifamily demand and retention
- 2001 vintage enables selective value-add to improve competitiveness and NOI
- 3-mile outlook shows population and household growth, expanding the tenant base
- Car-oriented amenity pattern favors properties with strong on-site features and parking
- Risk: neighborhood-level occupancy trends are softer, requiring superior leasing and management execution