7-Unit Multifamily
1029 Reno Avenue, South Lake Tahoe, CA 96150
For Sale
$949,500
Multi-Family, South Lake Tahoe, CA
Property SizeContact for details
Lot Size0.34 Acres
Days on Market375
Property Features for 1029 Reno Avenue
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Listing Agency:
RE/MAX Gold - SLT · RE/MAX International
Listed By:
Lloyd Aronoff
(530) 541-0200
Added: Oct 30, 2025
Changed: Oct 24
Last Checked: Nov 8 at 2:06PM
MLS# 142293
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.
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Investment Insights
Based on property information with market context.
This South Lake Tahoe multifamily property comprises seven units across two duplexes and one triplex, situated on three separate parcels totaling 0.3444 acres. The unit mix includes studios and one-bedroom residences, and six units are currently vacant. Five units have been remodeled with updated flooring, countertops, cabinets, interior paint, windows, and heaters in most units. Built in 1964, the property has wood-frame construction, a shingle and composition roof, natural gas space heating, and a storage shed.
The property is minutes from Lake Tahoe and Heavenly Valley ski resort. Nearby area features cited include beaches, marinas, bike paths, restaurants, and Stateline. The site is zoned Multi-Family.
The property is minutes from Lake Tahoe and Heavenly Valley ski resort. Nearby area features cited include beaches, marinas, bike paths, restaurants, and Stateline. The site is zoned Multi-Family.
Key Highlights
- Seven units: two duplexes and one triplex
- Three separate parcels totaling 0.3444 acres
- Six of seven units are vacant
Property Analytics
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
639
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Business Placement
Demographics for 96150, CA
29,518
Population
23,472
Households
1.3
Avg Household Size
40
Median Age
39%
College-Educated
92%
High-School Grad
163.2 sq mi
ZIP Area
181
Density / Sq Mi
$83,738
Median Household Income
$45,582
Median Earnings
$1,497
Median Rent
$649,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Multifamily property - The portfolio combines studio and one-bedroom residences across three separate parcels.
Where is this multifamily property located?
The property is located at 1029 Reno Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $949,500.
What are key features of this property?
This property features: Seven units: two duplexes and one triplex; Three separate parcels totaling 0.3444 acres; Six of seven units are vacant
