South Lake Tahoe, CA Apartment Buildings for Sale

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Updated: Jul 31

Five-Unit Apartment Building

3685 Tamarack Avenue, South Lake Tahoe, CA 96150

$1,450,000

5,400 sqft 0.23 AC lot

Five‑unit apartment property with 11 bedrooms
Unit mix includes four 2‑bedroom, 1.5‑bath residences and one 3‑bedroom, 2‑bath unit
5,400 square feet on 0.23 acres
Brand‑new roof and three recently updated units
Backyard outdoor space for each unit plus off‑street parking

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Updated: Aug 9

13-Unit Multifamily Property

3715 Blackwood Road, South Lake Tahoe, CA 96150

$1,790,000

8,154 sqft 0.63 AC lot

13 units with studio, 1‑bedroom, 2‑bedroom, and 3‑bedroom floor plans
21 bedrooms across approximately 8,154 SF on a 0.63‑acre lot
8 of 13 units rented at 62% occupancy
One significant main‑building upgrade and 3 moderate City‑required repairs or upgrades
Built in 1964 with wood construction, public water, and public sewer

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6-Unit Apartment Building

3716 Pioneer Trail, South Lake Tahoe, CA 96150

$1,600,000

5,716 sqft 0.26 AC lot

Multifamily property with five two-bedroom units, one studio, and four storage or parking garages.

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Value-Add 6-Unit Apartment Building

3121 Pasadena Avenue, South Lake Tahoe, CA 96150

$799,000

2,879 sqft 0.12 AC lot

Six-unit apartment property on a small lot, sold as-is and requiring heavy renovation and substantial repairs.

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5-Unit Apartment Building

3686 Primrose Road, South Lake Tahoe, CA 96150

$688,000

2,206 sqft 0.11 AC lot

Tenant-occupied property offers a mix of studio and one-bedroom residences with covered parking and basement storage.

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Seven-Unit Apartment Building

1029 Reno Avenue, South Lake Tahoe, CA 96150

$962,500

2,400 sqft 0.34 AC lot

Three-parcel multifamily asset with remodeled units and a studio and one-bedroom mix.

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17-Unit Apartment Building

2440 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

$2,300,000

0.36 AC lot

Individual accommodations include mini-kitchens, while the main house provides a full kitchen and three-bedroom layout.

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Two-Story 15-Unit Multifamily

3831 PENTAGON DR, South Lake Tahoe, CA 96150

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7,532 sqft 0.23 AC lot

Apartment building with flexible TSC-MU zoning near Lake Tahoe and major resort destinations.

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13-Unit Apartment Building

3715 Blackwood Road, South Lake Tahoe, CA 96150

$1,790,000

0.63 AC lot

Multifamily property with varied unit sizes and recent interior and exterior updates.

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8-Unit Apartment Building with Parking

1222 Sierra Boulevard, South Lake Tahoe, CA 96150

$1,350,000

3,600 sqft 0.12 AC lot

Fully occupied apartment property with studio and one-bedroom units plus tenant-only parking.

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8-Unit Apartment Building with Parking

1222 Sierra Boulevard, South Lake Tahoe, CA 96150

$1,350,000

3,600 sqft

Fully occupied apartment property with studio and one-bedroom units, tenant parking, and a separate included parcel.

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Renovated Eight-Unit Apartment Building

3671 Spruce Avenue, South Lake Tahoe, CA 96150

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5,088 sqft 0.23 AC lot

Eight one-bedroom, one-bath units in a single building, renovated in 2022 with on-site parking.

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Garden-Style Apartment Community

3715 Blackwood Rd, South Lake Tahoe, CA 96150

$1,790,000

Thirteen-unit garden-style multifamily property with surface parking, courtyard, and on-site laundry.

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Remodeled Five-Unit Apartment Building

673 James Avenue, South Lake Tahoe, CA 96150

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0.25 AC lot

Two detached buildings offer renovated one- and two-bedroom residences with fireplaces, individual utility metering, and on-site parking.

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12-Unit Apartment Property

3546 Spruce Avenue, South Lake Tahoe, CA 96150

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Three-building multifamily asset renovated in 2024 and subject to a master lease.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 15 Active listings in South Lake Tahoe, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

207-Unit Apartment Community

2060 W College Parkway, Carson City, NV 89703

$18,100,000

187,439 sqft 4.30 AC lot

Six-building community with shared kitchens, on-site operations, public utilities, and resident amenity areas.

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207-Unit Apartment Community

2060 College, Carson City, NV 89703

$18,100,000

187,439 sqft

Six-building community with private suites, shared kitchens, and on-site operational amenities.

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12-Unit Apartment Building

15 Gentry Way, Unit 12, Reno, NV 89502

$3,000,000

8,844 sqft

Built in 2020, the property offers separately metered utilities and individual heating and cooling.

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7-Unit Apartment Building

3345 Smith Dr, Reno, NV 89509

Contact for pricing

The property combines a detached house with apartment units, individual gas and power metering, and designated off-street parking.

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Off-Market Properties in South Lake Tahoe, CA

Consider similar Off-Market properties in South Lake Tahoe, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

3546 Spruce Ave. Lk, South Lake Tahoe, CA 96150

Value Estimation by Request

9,863 sqft 0.53 AC lot

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South Lake Tahoe, CA Apartment Buildings Market Trends and Statistics

Explore 16 apartment buildings for sale in South Lake Tahoe, CA, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 46,575 square feet of properties for sale, with an estimated market value of $15,869,500.

Sale prices for two-family homes in South Lake Tahoe, CA start at $688,000, averaging $1,442,681, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 30K

Population Growth (5Y) +0.6%

Median Household Income $83,738

College Educated 6.4%

High-Yield Neighborhoods for Investment

Identify South Lake Tahoe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
96150	$1.4M

Taxes & Financing

Tax Rate (average for all types) 1.07%

Property Tax per SF $13.63 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in El Dorado County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in El Dorado County

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Residential Income

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South Lake Tahoe, CA Apartment Buildings for Sale

3685 Tamarack Avenue, South Lake Tahoe, CA 96150

3715 Blackwood Road, South Lake Tahoe, CA 96150

3716 Pioneer Trail, South Lake Tahoe, CA 96150

3121 Pasadena Avenue, South Lake Tahoe, CA 96150

3686 Primrose Road, South Lake Tahoe, CA 96150

1029 Reno Avenue, South Lake Tahoe, CA 96150

2440 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

3831 PENTAGON DR, South Lake Tahoe, CA 96150

3715 Blackwood Road, South Lake Tahoe, CA 96150

1222 Sierra Boulevard, South Lake Tahoe, CA 96150

1222 Sierra Boulevard, South Lake Tahoe, CA 96150

3671 Spruce Avenue, South Lake Tahoe, CA 96150

3715 Blackwood Rd, South Lake Tahoe, CA 96150

673 James Avenue, South Lake Tahoe, CA 96150

3546 Spruce Avenue, South Lake Tahoe, CA 96150