Centrally located South Lake Tahoe duplex backing to Forest Service land,offering a combination of privacy and convenience just minutes from Ski Run Blvd, Heavenly, beaches, and dining.Each unit features 1 bedroom and 1 bathroom with bright, open living spaces. The rear unit enjoys direct access to a spacious, sunny backyard with no neighbors behind, ideal for relaxing or entertaining.Since its purchase, the property has seen thoughtful updates including new windows in both units, updated cabinetry and appliances, remodeled bathrooms with tile flooring, upgraded lighting, and modernized electrical. Additional improvements include new wall heaters in both units, a new water heater in Unit B, a new front door for Unit A, and fresh interior and exterior paint.The exterior has been enhanced with a new driveway, an enclosed front yard, tree removal for improved defensible space, and a bear box.With a strong rental history and flexible use options, this property is ideal for an owner-occupant looking to offset expenses or an investor seeking a well-located income property in the Tahoe market.
This expansive 11,531 square foot lot, zoned for multi-family use, offers incredible potential and numerous opportunities. Situated in a desirable neighborhood, it's just a short drive from Heavenly Ski Resort, shopping centers, and public transportation.The two existing cabins have been thoughtfully updated, featuring new double-pane windows, flooring, carpeting, and modernized kitchens and bathrooms. Unit 1 boasts a spacious 1-bedroom, 1-bathroom layout, currently rented for $1,650. Unit 2, also a 1-bedroom, 1-bathroom unit, comes with a bonus loft space and in-unit washer/dryer, and is rented at $1,500. The property has a single water and sewer bill, while each unit has its own electric meter for separate billing.A land survey conducted in 2006 indicates 5,975 square feet of existing land coverage, which includes a compact dirt driveway. The property also comes with additional allocation and a Residential Unit of Use (RUU), allowing the new owner the option to demolish the current structures and construct large townhouse-style duplexes. Alternatively, the seller has plans in place to maintain Unit 2 as an Accessory Dwelling Unit (ADU) while building a sizable single-family home.This property is brimming with potential, presenting various options to transform it into a fantastic family residence or a lucrative investment opportunity in the heart of South Lake Tahoe!
Motivated Sellers have made a Significant Price Improvement. Priced to sell! Welcome to this beautifully renovated duplex in the heart of Christmas Valley, where modern upgrades meet classic mountain charm in a quiet, scenic setting. With over $200,000 invested, this property has been thoughtfully taken down to the studs, completed with asbestos clearance, and rebuilt to offer comfort, efficiency, and style in every detail.Each unit features a functional and spacious layout with two bedrooms and a full bathroom upstairs, along with a convenient half bathroom and separate laundry room downstairs. Both units enjoy their own carport and separate private fenced yardsperfect for relaxing, entertaining, or enjoying the peaceful Tahoe setting. A large shared balcony, approximately 400 square feet, provides additional outdoor space to take in the surrounding mountain air.Interior upgrades include recessed lighting throughout, tankless water heaters, and premium Napoleon wood-burning fireplaces with blowers, creating a warm and inviting atmosphere year-round.Unit A showcases granite stone flooring in the kitchen, alder-finished cabinetry, a scraped-look wood laminate living area, and plush carpeting upstairs for added comfort. This unit has been occupied by a long-term tenant who has taken great care of the property.Unit B offers a high-end contemporary finish, including alder cabinets with granite countertops, a gas range, and stainless steel appliances. Improvements include a new fence (2025), luxurious plush carpeting, and smart home features such as Nest Protects and a Nest thermostat. Enjoy the added comfort of heated tile flooring downstairs with a WiFi thermostat, and a separately controlled heated upstairs tile floor in the bath. The Unit B side also includes two storage sheds, adding valuable extra space.Whether you're looking for an investment opportunity, a multi-generational retreat, or a primary residence with rental potential, this turnkey duplex delivers exceptional versatility in one of South Lake Tahoe's most desirable neighborhoods, with a close drive to Sierra-at-Tahoe Resort.
Four rentable units, one unbeatable location. This South Lake Tahoe income property sits blocks from Lake Tahoe, Heavenly Village, and the Gondola, the kind of address that keeps calendars full year-round. The property is also located within the Tourist Core Area Plan (TCAP).A cozy cottage plus a triplex gives you four independent income streams and real flexibility as an owner. The numbers back it up: the property has averaged around $150K in gross rental income annually over the past three years, with a cap rate approaching 6% at the asking price.Capital improvements since 2020 include: a new roof, full driveway replacement, electrical panel upgrade, foundation work, exterior paint, and more. The heavy lifting is done. A reliable maintenance team is already in place, so day-one operations are seamless. Full financials, disclosures, survey, and due diligence materials available upon request.A TRPA full site assessment has already been completed to help verify land capability and coverage, an added due diligence benefit for buyers. The property also enjoys additional privacy thanks to a neighboring California Tahoe Conservancy lot to the right.The purchase includes a transferable Lakeside Beach Club membership, a coveted perk that adds genuine lifestyle value for owners and guests alike. For investors exploring Real Estate Professional Status (REPS), this property's documented income history and professional management setup make it a compelling candidate for that conversation with your CPA.Tahoe demand is real, the income is proven, and the upgrades are solid. Hard to find all three in the same deal.
Centrally located 6-unit apartment building in South Lake Tahoe, The Lazy Bear Apartments offers an exceptional investment opportunity. This well-maintained 6-plex boasts a proven record of low vacancy, providing reliable income and strong performance potential in the thriving Tahoe rental market. Its prime position is a significant draw for renters, situated just minutes from the Heavenly Village and Heavenly Ski Resort, making it a highly desired year-round location with easy access to all local amenities, dining, and transportation. The building features five 2-bedroom/1-bathroom units and one studio, complemented by four additional storage/parking garages. Tenants appreciate the unit features, which include newer appliances, gas stoves, washer/dryer hookups, and a desirable open living concept.
Amazing investment property. This is a 4-unit complex on two separate lots. The first unit is a duplex with the front unit having 2 bedrooms and 2 bathrooms, an in-unit washer and dryer, a private front courtyard and a single car garage. This unit has been recently updated with new flooring and a new water heater. The rear unit is a 1 bedroom 1 bathroom with updated flooring. The third unit is a two story one bedroom and one bathroom with updated flooring and new gas stove heating. The fourth unit is a spacious 1 bedroom and 1 bathroom with a separate fenced side yard with a pergola. There is ample parking for all tenants and five storage units on the property. The property has four tenants who are interested in staying. The lot next door, 1164 Tata Lane, is included in this purchase.
Set in the heart of South Lake Tahoe, this is an excellent investment opportunity! Three units - a one bedroom/one bathroom, two bedroom/one bathroom and a three bedroom/two bathroom. Owned by the same family since the beginning, this property has an excellent track record as a rental. Fenced in the front and back, with a large parking area and decks in the front and back - the smaller units are on the lower level while the three bedroom encompasses the entire upper level. The neighboring lot, 2491 Ponderosa Street, is also for sale - creating even more potential. Centrally located on the bike path, just a short stroll to the meadow and shores of Lake Tahoe and minutes to world-class-skiing, the casinos and all that the area has to offer.
This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you're looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.
Rare chance to own a duplex in the desirable Tahoe Island neighborhood of South Lake Tahoe. Each unit has separate utility meters, providing flexibility for both investors and owner-occupants.Ideal for a buyer looking to live in one unit while offsetting the mortgage by renting the other, or for those seeking a long-term rental investment in a high-demand local housing market. The property provides income potential while still enjoying the benefits of homeownership in Tahoe.Conveniently located near shopping, restaurants, and bike paths, and just minutes to Lake Tahoe beaches and a short drive to Heavenly Ski Resort. The setting combines a residential neighborhood feel with easy access to year-round recreation.Ready for a new owner's personal touches and future improvements, offering the opportunity to build equity over time.A versatile property well-suited for full-time residents, second-home owners, or investors looking for a foothold in the Lake Tahoe Basin.
One Block from Lake Tahoe Well-Maintained Duplex Walk to Lakeview Commons & Regan BeachRare opportunity to own a versatile Lake Tahoe duplex just one block from the water. This well-maintained property features two detached units, offering privacy, flexibility, and strong rental potential in one of South Lake Tahoe's most desirable walkable neighborhoods.The front cabin delivers that classic Tahoe woodsy feel buyers are looking for. This charming 1 bedroom, 1 bathroom unit includes a cozy wood-burning stove, stackable laundry, tankless water heater and inviting mountain character that makes you want to kick your boots off and stay a while.The rear home offers a classic cabin 3 bedroom, 2 bathroom layout with radiant baseboard heat, a gas fireplace, and a top deck with a peek-a-boo lake view. Plenty of natural light and room to spread out make this ideal for a primary residence, second home, or extended family use.Between the two units is a shared community-style gathering area, creating space to relax, entertain, or enjoy Tahoe evenings under the pines.Additional highlights:One block to Lake TahoeWalking distance to Lakeview Commons and Reagan BeachDetached duplex layout for added privacyRadiant heat + gas fireplace in back unitWood-burning stove in front cabinStackable laundryTop deck with lake glimpsePlenty of off-street parkingStrong long-term rental or multi-generational potentialWhether you're looking for an investment property in South Lake Tahoe, a vacation home near the beach, or a flexible multi-unit setup close to town, this property checks the boxes.Properties this close to the lake with detached units and parking do not come up often. If Tahoe living is the goal, this one makes it easy!
New construction 5-unit multifamily in the heart of South Lake Tahoe, just steps from Heavenly Village. One of the last rare opportunities to own a newly built multifamily property in this prime, walkable location with no HOA.This prime investment is ideally situated within a 5-minute walk to Heavenly Gondola, shopping, dining, casinos, hiking and biking trails, and Tahoe's best entertainment. The new Convention Center is approximately a 14-minute walk, and Lake Tahoe beaches are just a 5-minute drive away. Truly everything Tahoe has to offer is right outside your door.Designed and built by SHEMSS, each of the five units showcases modern luxury finishes, timeless architecture, and thoughtful design. Interiors feature micro-cement walls and ceilings for a sleek, durable, high-end aesthetic, shadow-reveal detailing with integrated LED lighting, and European-style cabinetry and finishes. Every unit offers its own unique design identity while maintaining a cohesive, upscale feel.This property presents an exceptional opportunity for investors, family trusts, or multi-generational ownership, as well as those seeking a high-demand rental asset in one of Tahoe's most desirable locations. Strong lifestyle appeal combined with premier proximity makes this an ideal long-term hold.A rare blend of location, new construction, design, and income potentialthis opportunity is truly one of a kind in South Lake Tahoe.
Two remodel units one you can live in it, and the other one can produce income which would help your payment both unit have private garage with auto garage door opener . Each unit has fireplaceThe entire property has been up.graded recently .
Here it is! Great 5 unit building in a prime location! Highly desirable rental units due to this great location. Walking distance to where all the action is near stateline. Do not disturb tenants. Will not last long!
Fabulous 7 unit property in South Lake Tahoe! Just a short walk to stateline, where all the action is. These units are easy to rent and get great income. 6 units are studios with 1 bathroom, and 1 unit is a 1 bedroom with 1 bathroom. Great opportunity to own a great investment property in a prime location!
Centrally located just minutes from Lake Tahoe and Heavenly Valley ski resort, 1029-1035 Reno Avenue is a rare, turn-key seven unit offering on three separate parcels. This income producing portfolio consists of two duplexes and one triplex, giving investors a flexible mix of one bedroom and studio units in a consistently high demand rental corridor. Five of the seven units have been tastefully remodeled from the floors up, featuring new flooring, updated countertops and cabinets, fresh interior paint, new heaters in most units and upgraded windows for comfort and efficiency. The properties present as clean, modern, and easy to rent, minimizing near-term capital needs while appealing to quality tenants. Sitting on three individually mapped parcels, this asset offers long term exit and redevelopment options: hold as a cash flowing seven unit compound today, and down the road explore selling parcels separately or repositioning with new construction (subject to city and TRPA approvals). The in-town location allows residents close access to beaches, marinas, bike paths, restaurants and Stateline, making these units especially attractive to year round and seasonal renters alike.
Spacious and newly updated duplex in the sought-after Stateline area, just minutes from Heavenly Ski Resort and Stateline's dining, shopping, and entertainment. This well-maintained investment property generates a monthly income of $6,300.The upper unit features a generous 3-bedroom, 2-bath layout with an expansive living room and open dining/kitchen area, ideal for comfortable living or hosting. The lower unit includes 2 bedrooms, 1 bath, and a single-car garage with laundry hookups. Both units are in good condition.Set well back from the street, the home offers a long, oversized driveway providing ample parking. Recent upgrades include a new roof, flooring, paint, kitchens, and bathrooms. Both units enjoy cozy open fireplaces, adding a touch of mountain charm to this exceptional income property.
Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.
Courtesy: Coldwell Banker Select ZC
775-588-4531
Four large units next to a community park. This location is close to everything Lake Tahoe has to offer. Walk to the beach, several fine dinning choices, farmer's market, street fairs and the famous south shore nightlife! Located in the Tourist corridor & opportunity zone providing favorable zoning for condo conversions, vacation rentals and tax incentives.
Centrally Located Multi-Family Investment - 11 Units on 2 Parcels, Plus 1 vacant Parcel.Value-Add Potential Investor alert! This maintained and compliant 11-unit multi-family complex features 2 two-bedroom/one-bath units and 9 one-bedroom/one-bath units, each with a private deck and access to a shared courtyard ideal for tenant enjoyment and retention.Located on two legal parcels, the sale also includes a third adjacent parcel, offering significant upside. Additional income is generated through on-site coin-operated laundry facilities. Whether you choose to sell the third parcel, hold for future development, or expand the existing complex, the options are yours.Situated in a prime central location near major bus lines, shopping, and the casinos, this property offers strong rental demand, accessibility and room for growth. Don't miss this rare opportunity to acquire a flexible, income-producing asset in a high-demand area.
South Lake Tahoe is located in California. South Lake Tahoe, California has a population of 21,355. South Lake Tahoe is less family-centric than the surrounding county with 29.06% of the households containing married families with children. The county average for households married with children is 30.32%.
The median household income in South Lake Tahoe, California is $57,976. The median household income for the surrounding county is $88,770 compared to the national median of $69,021. The median age of people living in South Lake Tahoe is 39 years.
The average high temperature in July is 79.5 degrees, with an average low temperature in January of 21.1 degrees. The average rainfall is approximately 23.3 inches per year, with 142.4 inches of snow per year.
