Side-by-Side Duplex with
New
For Sale
$665,000
2567 Armstrong Avenue, South Lake Tahoe, CA 96150
Multi-Family, South Lake Tahoe, CA
Property Size2,048 SF
Lot Size0.12 Acres
Price / SF$324.71
Days on Market5
Property Features for 2567 Armstrong Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Exterior features
Storage Shed
Fireplace
1
Subdivision
Unavail
Standard status
Active
APN
031123018000
Size
2,048 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Electric (Heating), Space Heater, Fireplace(s), Baseboard, Natural Gas
Amenities
wood-burning fireplaces
private in-unit laundry
fenced backyards
Building Details
Year built
1976
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Additional Structures
Storage
Buildings
1
Listing Agency:
Mountain Luxury Properties
Listed By:
Gregory Ochoa
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 26 at 11:06PM
MLS# 143593
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.
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Investment Insights
Based on property information with market context.
This 2,048-square-foot duplex contains two side-by-side residences, each with 2 bedrooms and 1.5 bathrooms across a two-story floor plan. Both homes have a wood-burning fireplace, in-unit laundry, and a fenced backyard. One residence has wood-beamed ceilings; the other has fresh interior paint and new carpeting. The property also includes a storage shed and was built in 1976.
One unit is occupied under a month-to-month tenancy, while the second is vacant. The duplex is in South Lake Tahoe, with access to shopping, restaurants, and public transportation described as convenient.
One unit is occupied under a month-to-month tenancy, while the second is vacant. The duplex is in South Lake Tahoe, with access to shopping, restaurants, and public transportation described as convenient.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms
- 2,048 square feet on a 0.12‑acre lot
- Both residences include a wood‑burning fireplace, in‑unit laundry, and a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,035
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,700
$680.7K
Cap Rate 7%
$486,214
$486.2K
Cap Rate 9%
$378,167
$378.2K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$51.6K $25.20/SF
− Vacancy
−$3.0K −$1.46/SF
EGI
$48.6K $23.74/SF
− OpEx
−$14.6K −$7.12/SF
NOI
$34.0K $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%
$680,700
Cap Rate 7%
$486,214
Cap Rate 9%
$378,167
Alternative Uses
Best Use
Multifamily LT 5
$486.2K
$425.4K – $567.3K
NOI $34,035 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$435.2K
$380.8K – $507.7K
NOI $30,461 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$732.2K
$640.7K – $854.2K
NOI $51,254 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story layouts, fenced outdoor areas, and separate laundry give each residence its own practical amenities.
Where is this duplex located?
The property is located at 2567 Armstrong Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms; 2,048 square feet on a 0.12‑acre lot; Both residences include a wood‑burning fireplace, in‑unit laundry, and a fenced backyard
