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Triplex Near Heavenly Ski Resort
New
For Sale
$575,000

1151 Keller Road, South Lake Tahoe, CA 96150

Multi-Family, South Lake Tahoe, CA

Property SizeContact for details
Days on Market2

Property Features for 1151 Keller Road

General Information

Property type Residential Multi Family
Property subtype Triplex
Exterior features Storage Shed
Subdivision Stateline
Standard status Active
APN 029415010000

Utilities

Utilities Cable Available
Heating system Natural Gas, Electric (Heating), Baseboard, Space Heater

Building Details

Year built 1965
Building materials Wood Frame, Wood Siding
Roof type Shingle
Additional Structures Storage
Listing Agency: Sierra Sotheby's International Realty
Listed By: Dustin Allen · License #02016625
Added: Aug 28 Changed: Aug 29 Last Checked: Aug 29 at 1:06PM
MLS# 143428

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.

Investment Insights

Based on property information with market context.

Built in 1965, this triplex contains three separate living spaces. The primary residence has three bedrooms and 1.5 baths in a chalet-style layout and is positioned for renovation. A separate one-bedroom, one-bath unit has its own entrance from Larch Avenue. The third space is a studio that is not currently habitable and may offer rebuilding or expansion potential subject to TRPA approval.

The property is located near Heavenly Ski Resort and sits across from more than 10 acres of protected Conservancy and Forest Service land. Stateline casinos, restaurants, and shops are located nearby. Improvements include wood-frame construction with wood siding, a shingle roof, a storage shed, natural gas and electric heating, baseboard and space-heater systems, and cable availability.

Key Highlights

  • Three‑unit configuration with 3‑bedroom, 1.5‑bath primary home
  • Separate 1‑bedroom, 1‑bath unit with entrance off Larch Avenue
  • Studio unit is not currently habitable; rebuilding or expansion requires TRPA approval

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

522
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three distinct living spaces include a three-bedroom home, one-bedroom unit, and non-habitable studio.
Where is this triplex located?
The property is located at 1151 Keller Road South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑unit configuration with 3‑bedroom, 1.5‑bath primary home; Separate 1‑bedroom, 1‑bath unit with entrance off Larch Avenue; Studio unit is not currently habitable; rebuilding or expansion requires TRPA approval
More about this property
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