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South Lake Tahoe Duplex Investment

2400 Tahoe Vista Drive South Lake Tahoe, CA 96150

2400 Tahoe Vista Drive, South Lake Tahoe, CA, 96150
$739,500
For Sale
Claim this Listing
$739,500

MULTI_FAMILY - South Lake Tahoe, CA

Property Size1,536 SF
Lot Size0.15 Acres
Price / SF$481.45
AddedMay 10
Days on Market68
Last RefreshJul 16 at 1:06 am

Property Features for 2400 Tahoe Vista Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Parking
4
Window features
Double Pane Windows
Fireplace
1
Standard status
Active
APN
023654013000
Size
1,536 SF
Lot size
0.15 Acres

Utilities

Utilities
Cable Available
Heating system
Natural Gas, Fireplace(s), Space Heater

Building Details

Year built
1961
Building materials
Wood Frame, Wood Siding
Roof type
Composition

Listing agent Jessica Woods

Listing office Sierra Sotheby's International Realty 2247 Lake Tahoe Blvd., South Lake Tahoe, CA

Listing date May 10, 2026

MLS# 142874 Listing URL

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.

Located in the Tahoe Island neighborhood, this duplex presents an investment opportunity. The property features two units, each containing 2 bedrooms and 1 bathroom. Each unit also includes an attached garage and a private fenced yard. The property is close to the bike path, Camp Richardson Resort, South Shore beaches, mountain biking areas, and ski resorts. The lot size is 0.15 acres, and the property size is 1536 square feet. The zoning is Multi-Family.

Key Highlights

  • Duplex built in 1961 with 2 units, each offering 2 bedrooms and 1 bathroom
  • Each unit includes an attached garage and a private fenced yard
  • Heating includes natural gas plus fireplace(s) and space heaters

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 $38.7k $25.20
− Vacancy −$2.2k −$1.46
EGI $36.5k $23.74
− OpEx −$10.9k −$7.12
NOI $25.5k $16.62
1,536 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.4K (±1% cap)
NOI $25,526 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K (±1% cap)
NOI $22,846 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$549.1K
$480.5K – $640.7K (±1% cap)
NOI $38,440 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Barber Shop Computer & Electronic Repair Home Appliance Store Tech Support Center Garden Center Pharmacy (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in Tahoe Island neighborhood with income potential.
Where is this duplex located?
The property is located at 2400 Tahoe Vista Drive South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $739,500.
What are key features of this property?
This property features: Duplex built in 1961 with 2 units, each offering 2 bedrooms and 1 bathroom; Each unit includes an attached garage and a private fenced yard; Heating includes natural gas plus fireplace(s) and space heaters
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