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    1029 Reno Ave South Lake Tahoe, CA 96150

    Sponsored
    For Sale
    $959,000

    MULTI_FAMILY - South Lake Tahoe, CA

    Property size:
    851 SF
    Lot size:
    0.12 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 1029 Reno Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    Multi-Family
    APN
    031082016000
    Parking
    10
    Exterior features
    Storage Shed
    Size
    851 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas, Space Heater
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1964
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Composition, Shingle
    Additional Structures
    Storage

    RE/MAX Realty Today (530) 541-0200 [email protected]

    Listing agent Mark Heckert

    Listing date Dec 18, 2025

    MLS# 142293 Listing URL

    Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lake Tahoe Multifamily Investment

    This property features seven rental units situated on three separate lots. The properties include a duplex at 1029 Reno Ave (APN 031-082-016), a duplex and studio cabin at 1031 Reno Ave (APN 031-082-017), and a duplex at 1035 Reno Ave (APN 031-082-018). The total land area is approximately 15,000 square feet, while the total building area is approximately 2,400 square feet. The property has one gas meter and one electric meter, so the owner is responsible for utilities. The new owner is currently painting and cleaning up the property. By mid-January 2026, renovations to four units will include new flooring, kitchens, bathrooms, and heaters. This property is zoned for multi-family use and presents an opportunity for a contractor or owner-builder to potentially demolish the existing buildings and construct three separate new homes or three duplexes on the three separate parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -119.983928
    Latitude
    38.925746

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    FAQs

    What type of property is this?
    Duplex - Seven rental units on three lots in central location.
    Where is this duplex located?
    The property is located at 1029 Reno Ave South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $959,000.
    What are key features of this property?
    This property features: - Centrally located 7 rental units on 3 separate lots.; - Potential to demolish existing buildings and build 3 separate new homes or 3 duplexes on 3 separate parcels.; - Work on 4 units will include new flooring, kitchens, bathrooms and heaters (completion by mid January 2026).
    (530) 318-2079
    Request Owner's contact information
    1029 Reno Ave South Lake Tahoe, CA 96150
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    South Lake Tahoe, CA 96150
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1029 Reno Ave South Lake Tahoe, CA 96150
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