Two-Unit Duplex Near Lake
For Sale
$459,000
Pending
2634 Chris Avenue, South Lake Tahoe, CA 96150
Rented duplex near public transportation, shopping, and Lake Tahoe recreation.
Property Size1,290 SF
Days on Market468
Property Features for 2634 Chris Avenue
General Information
Standard status
Pending
Size
1,290 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Billy Hodges, Broker
(530) 545-0706
Listed By:
Billy Hodges · License #01308547
(530) 545-0706
Source:
Exitrealty
Added: Apr 21, 2025
Changed: Jul 31
Last Checked: Jul 31 at 10:44AM
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 Billy Hodges, Broker
Investment Insights
Based on property information with market context.
This two-unit duplex includes one bedroom and one bathroom on each side, with 1,290 square feet of property size. Built in 1960, the configuration provides two separate residential units within a single duplex property. Both units are currently rented, and access should be coordinated respectfully around existing tenants.
The property is close to Hwy 50, Lake Tahoe Blvd, public transportation, and shopping. Nearby recreational amenities include hiking, biking, and Lake Tahoe.
The property is close to Hwy 50, Lake Tahoe Blvd, public transportation, and shopping. Nearby recreational amenities include hiking, biking, and Lake Tahoe.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- 1,290 square feet of property size
- Built in 1960
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 | $32.5k | $25.20 |
| − Vacancy | −$1.9k | −$1.46 |
| EGI | $30.6k | $23.74 |
| − OpEx | −$9.2k | −$7.12 |
| NOI | $21.4k | $16.62 |
1,290 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.3K
NOI $21,438 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$274.1K
$239.8K – $319.8K
NOI $19,187 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$461.2K
$403.6K – $538.1K
NOI $32,284 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
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 - Rented duplex near public transportation, shopping, and Lake Tahoe recreation.
Where is this duplex located?
The property is located at 2634 Chris Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; 1,290 square feet of property size; Built in 1960
