Two-Unit Duplex with Private
1151 Bowers Ave, South Lake Tahoe, CA 96150
For Sale
$595,000
Each residence has its own kitchen and in-unit laundry, with both units currently occupied by tenants.
Property Size1,608 SF
Price / SF$370.02
Days on Market14
Property Features for 1151 Bowers Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
fenced yard
fire-pit patio
ceiling fans
open parking
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
eXp Realty of California Inc.
Listed By:
Kenneth McNinch · License CA #01871067
(916) 532-7486
Source:
Homesofgreatersacramento
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc.
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Investment Insights
Based on property information with market context.
This single-story duplex contains two separate residences, each with a private entrance, kitchen and in-unit laundry. The kitchens have white shaker cabinets and gas ranges; wood-look flooring and ceiling fans are installed throughout. The property also includes a fenced yard with a fire-pit patio and open parking. Built in 1973, the building measures 1,608 square feet, and both units are tenant-occupied.
The property is in the Bijou area of South Lake Tahoe, near Heavenly, Lake Tahoe beaches, and Ski Run shopping and dining.
The property is in the Bijou area of South Lake Tahoe, near Heavenly, Lake Tahoe beaches, and Ski Run shopping and dining.
Key Highlights
- Two separate residences, each with a private entrance, kitchen and in‑unit laundry
- 1,608‑square‑foot, single‑story duplex built in 1973
- White shaker kitchen cabinets and gas ranges in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,723
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,460
$534.5K
Cap Rate 7%
$381,757
$381.8K
Cap Rate 9%
$296,922
$296.9K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$40.5K $25.20/SF
− Vacancy
−$2.3K −$1.46/SF
EGI
$38.2K $23.74/SF
− OpEx
−$11.5K −$7.12/SF
NOI
$26.7K $16.62/SF
Area
El Dorado County, CA
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,460
Cap Rate 7%
$381,757
Cap Rate 9%
$296,922
Alternative Uses
Best Use
Multifamily LT 5
$381.8K
$334.0K – $445.4K
NOI $26,723 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.6K
NOI $23,917 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$574.9K
$503.0K – $670.7K
NOI $40,242 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
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
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in South Lake Tahoe, CA
Properties on Market for Duplexes in South Lake Tahoe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen and in-unit laundry, with both units currently occupied by tenants.
Where is this duplex located?
The property is located at 1151 Bowers Ave South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two separate residences, each with a private entrance, kitchen and in‑unit laundry; 1,608‑square‑foot, single‑story duplex built in 1973; White shaker kitchen cabinets and gas ranges in both units
