Duplex with Separate
New
For Sale
$639,900
1968 8th Street, South Lake Tahoe, CA 96150
Multi-Family, South Lake Tahoe, CA
Property Size1,690 SF
Lot Size0.19 Acres
Price / SF$378.64
Days on Market5
Property Features for 1968 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Window features
Single Pane Window(s), Double Pane Windows
Directions
EBR to 8th st. Property on left.
Subdivision
Y Area
Standard status
Active
APN
023172018000
Size
1,690 SF
Lot size
0.19 Acres
Utilities
Heating system
Natural Gas, Space Heater
Building Details
Year built
1958
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Listing Agency:
Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe · Berkshire Hathaway HomeServices
(530) 543-6676
Listed By:
Bret Howard
(925) 244-1933
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 14 at 9:06AM
MLS# 143569
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.
This duplex contains two units totaling 1,690 square feet on a 0.19-acre parcel. One residence has been remodeled, while the other is occupied by a long-term tenant. Each unit also has its own backyard. The building dates to 1958 and has wood-frame construction with wood siding, composition roofing, and heating listed as natural gas and space heaters.
At 1968 8th Street in South Lake Tahoe, the property is zoned Multi-Family. A California Tahoe Conservancy-owned parcel is directly across the street. The setting is in the Gardner Mountain neighborhood, with access to the outdoor recreation and amenities of South Lake Tahoe.
At 1968 8th Street in South Lake Tahoe, the property is zoned Multi-Family. A California Tahoe Conservancy-owned parcel is directly across the street. The setting is in the Gardner Mountain neighborhood, with access to the outdoor recreation and amenities of South Lake Tahoe.
Key Highlights
- Two‑unit property with 1,690 square feet of building area
- One residence has been remodeled; the other has a long‑term tenant
- Separate backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,086
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,720
$561.7K
Cap Rate 7%
$401,229
$401.2K
Cap Rate 9%
$312,067
$312.1K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$42.6K $25.20/SF
− Vacancy
−$2.5K −$1.46/SF
EGI
$40.1K $23.74/SF
− OpEx
−$12.0K −$7.12/SF
NOI
$28.1K $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%
$561,720
Cap Rate 7%
$401,229
Cap Rate 9%
$312,067
Alternative Uses
Best Use
Multifamily LT 5
$401.2K
$351.1K – $468.1K
NOI $28,086 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$359.1K
$314.2K – $419.0K
NOI $25,137 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$604.2K
$528.7K – $704.9K
NOI $42,294 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
740
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences pair an updated interior with a long-term rental arrangement in a residential setting.
Where is this duplex located?
The property is located at 1968 8th Street South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two‑unit property with 1,690 square feet of building area; One residence has been remodeled; the other has a long‑term tenant; Separate backyard for each unit
