Duplex with Two
For Sale
$550,000
Pending
1111 Bowers Avenue, South Lake Tahoe, CA 96150
Two-cabin duplex with a 3-bedroom/2-bath unit and a 1-bedroom/1-bath cabin on one lot.
Property Size1,616 SF
Days on Market488
Property Features for 1111 Bowers Avenue
General Information
Standard status
Pending
Size
1,616 SF
Property subtype
Multi Family
Building Details
Year Built
1968
Buildings
2
Listing Agency:
Sierra Sotheby's International Realty
(530) 314-1797
Listed By:
Dustin Allen · License #02016625
(530) 314-1797
Source:
Exitrealty
Added: Apr 1, 2025
Changed: Jul 31
Last Checked: Jul 31 at 5:12AM
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 Sierra Sotheby's International Realty
Investment Insights
Based on property information with market context.
This duplex-style property is set on one lot and includes two separate cabins. The first cabin is a spacious two-story home with 3 bedrooms and 2 bathrooms, including a lower level with exposed beams. The second cabin offers a smaller 1-bedroom, 1-bathroom layout, suitable as a guest house, rental unit, or private retreat.
The property is located in South Lake Tahoe’s Bijou neighborhood, just minutes from Whole Foods, Ski Run Marina, and Heavenly Mountain Resort. Casinos are only about a mile away, supporting convenient access to shopping, dining, and entertainment for both residents and guests.
Built in 1968, the property totals 1,616 SF and is well-suited for buyers seeking a live-in option with rental flexibility or a combination approach using both cabins.
The property is located in South Lake Tahoe’s Bijou neighborhood, just minutes from Whole Foods, Ski Run Marina, and Heavenly Mountain Resort. Casinos are only about a mile away, supporting convenient access to shopping, dining, and entertainment for both residents and guests.
Built in 1968, the property totals 1,616 SF and is well-suited for buyers seeking a live-in option with rental flexibility or a combination approach using both cabins.
Key Highlights
- Two cabins on one lot in a duplex‑style configuration
- First cabin: two‑story home with 3 bedrooms and 2 bathrooms
- Second cabin: 1‑bedroom and 1‑bathroom layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $25.20 |
| − Vacancy | −$2.4k | −$1.46 |
| EGI | $38.4k | $23.74 |
| − OpEx | −$11.5k | −$7.12 |
| NOI | $26.9k | $16.62 |
1,616 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.7K
$335.7K – $447.6K
NOI $26,856 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$343.4K
$300.5K – $400.6K
NOI $24,036 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$577.8K
$505.5K – $674.1K
NOI $40,443 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-cabin duplex with a 3-bedroom/2-bath unit and a 1-bedroom/1-bath cabin on one lot.
Where is this duplex located?
The property is located at 1111 Bowers Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two cabins on one lot in a duplex‑style configuration; First cabin: two‑story home with 3 bedrooms and 2 bathrooms; Second cabin: 1‑bedroom and 1‑bathroom layout
