Duplex with Separate
3357 Treehaven Drive, South Lake Tahoe, CA 96150
For Sale
$795,000
Multi-Family, South Lake Tahoe, CA
Property Size1,986 SF
Lot Size0.14 Acres
Price / SF$400.30
Days on Market73
Property Features for 3357 Treehaven Drive
General Information
Property type
Property subtype
Zoning
Parking
Window features
Fireplace
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Listing Agency:
Chase International - South Lake Tahoe
Listed By:
Jill Moffett
(530) 544-2121
Added: Aug 28
Changed: Oct 24
Last Checked: Nov 8 at 2:06PM
MLS# 143496
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 1,986-square-foot duplex contains two residences, each configured with 2 bedrooms, 1 bathroom, and a one-car garage. The homes occupy a 0.14-acre contiguous parcel and have separate access from Treehaven Drive and Mono Lane. Built in 1959, the property has wood-frame and masonry construction, composition roofing, forced-air heat, and fireplaces. The Treehaven residence has received updates that include sheetrock, paint, luxury vinyl flooring, trim, doors, lighting, kitchen and bathroom finishes, appliances, window treatments, sod, fencing, and a gate.
The property is in South Lake Tahoe near grocery stores, local restaurants, walking areas, lake access, and the South Tahoe Aquatics Center. Cable is available, and the multifamily zoning supports the property's duplex configuration.
The property is in South Lake Tahoe near grocery stores, local restaurants, walking areas, lake access, and the South Tahoe Aquatics Center. Cable is available, and the multifamily zoning supports the property's duplex configuration.
Key Highlights
- Duplex with 2 residences, each offering 2 bedrooms and 1 bathroom
- 1,986 square feet on a 0.14‑acre contiguous parcel
- Separate access from 3357 Treehaven Drive and 3356 Mono Lane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,005
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,100
$660.1K
Cap Rate 7%
$471,500
$471.5K
Cap Rate 9%
$366,722
$366.7K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$50.0K $25.20/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$47.1K $23.74/SF
− OpEx
−$14.1K −$7.12/SF
NOI
$33.0K $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%
$660,100
Cap Rate 7%
$471,500
Cap Rate 9%
$366,722
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$422.0K
$369.2K – $492.3K
NOI $29,539 @ 7.0% cap · market cap 3.72%
Theoretical Best
Specialty Retail
$710.0K
$621.3K – $828.4K
NOI $49,702 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
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
$649,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in South Lake Tahoe, CA
Properties on Market for Duplexes in South Lake Tahoe
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer individual garages, distinct entrances, and multifamily zoning in South Lake Tahoe.
Where is this duplex located?
The property is located at 3357 Treehaven Drive South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Duplex with 2 residences, each offering 2 bedrooms and 1 bathroom; 1,986 square feet on a 0.14‑acre contiguous parcel; Separate access from 3357 Treehaven Drive and 3356 Mono Lane
