Four-Unit Multifamily
1039 Fern Road, South Lake Tahoe, CA 96150
For Sale
$998,000
Multi-Family, South Lake Tahoe, CA
Property SizeContact for details
Lot Size0.23 Acres
Days on Market53
Property Features for 1039 Fern Road
General Information
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Subdivision
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Lot size
Additional Details
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Utilities
Heating system
Building Details
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Roof type
Listing Agency:
Compass
(530) 645-2777
Listed By:
Ryan Smith
(310) 230-5478
Added: Sep 17
Changed: Oct 24
Last Checked: Nov 8 at 2:06PM
MLS# 143502
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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Located at 1039 Fern Road in South Lake Tahoe, this 1945-built quadplex contains four leased units across a mix of two- and three-bedroom layouts. The unit configuration includes two 2-bedroom, 1-bath residences, one 3-bedroom, 1-bath residence, and one 3-bedroom, 2-bath residence. The property occupies approximately 0.23 acres and features wood-frame construction, wood siding, a metal roof, and natural-gas space heating.
Each residence includes a range and refrigerator that convey with the sale, while three units also include in-unit washers and dryers. The property is within walking distance of Stateline, Nevada, Stateline casinos, and the Target-anchored Heavenly Village shopping center. Lake Tahoe Boulevard is nearby, and Heavenly Mountain Resort’s gondola and base facilities are a short drive away. Current income reflects a 6.17% cap rate.
Each residence includes a range and refrigerator that convey with the sale, while three units also include in-unit washers and dryers. The property is within walking distance of Stateline, Nevada, Stateline casinos, and the Target-anchored Heavenly Village shopping center. Lake Tahoe Boulevard is nearby, and Heavenly Mountain Resort’s gondola and base facilities are a short drive away. Current income reflects a 6.17% cap rate.
Key Highlights
- Four leased units with 2- and 3‑bedroom floor plans
- Unit mix includes two 2‑bedroom/1‑bath, one 3‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence
- Approximately 0.23 acres at 1039 Fern Road, South Lake Tahoe
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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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?
Quadplex - Fully leased multifamily property with varied floor plans, included appliances, and access to Stateline-area amenities.
Where is this quadplex located?
The property is located at 1039 Fern Road South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Four leased units with 2- and 3‑bedroom floor plans; Unit mix includes two 2‑bedroom/1‑bath, one 3‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence; Approximately 0.23 acres at 1039 Fern Road, South Lake Tahoe
