2165 Butler Avenue South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
Property Features for 2165 Butler Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Window features
- Storm Window(s), Single Pane Window(s)
- Interior features
- High Speed Internet
- Standard status
- Active
- APN
- 023642004000
- Size
- 1,710 SF
- Lot size
- 0.20 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Space Heater
Building Details
- Year built
- 1958
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle, Composition
Listing agent Dustin Allen (530) 412-2645
Listing office Sierra Sotheby's International Realty 2247 Lake Tahoe Blvd., South Lake Tahoe, CA (530) 494-7600
Listing date May 28, 2026
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.
The property is situated on a corner lot at 2165 Butler Avenue in South Lake Tahoe, California. The parcel size is listed at 0.2 acres, and the total property size is approximately 1,710 square feet. The two homes being on one lot provides a straightforward, consolidated way to manage an owner-occupant arrangement or a two-unit rental setup.
From a practical standpoint, this configuration fits buyers seeking flexibility with two separate living spaces. It can support an owner who wants to live in one home and rent the other, or a buyer who intends to renovate both residences and operate them as rental units. Because the units are noted as ready for updates, it may also appeal to buyers planning light to moderate improvements to bring the homes up to their own standards.
Key Highlights
- Two separate homes on a single parcel in the desirable Tahoe Island neighborhood.
- Strong income potential through renting either or both units.
- Seller financing is available.
Local 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 | $43.1k | $25.20 |
| − Vacancy | −$2.5k | −$1.46 |
| EGI | $40.6k | $23.74 |
| − OpEx | −$12.2k | −$7.12 |
| NOI | $28.4k | $16.62 |
