Duplex with Detached Garage and
3678 Willow Avenue South Lake Tahoe, CA 96150
New
For Sale
$489,900
MULTI_FAMILY - South Lake Tahoe, CA
Property Size1,467 SF
Lot Size0.17 Acres
Price / SF$333.95
Days on Market6
Property Features for 3678 Willow Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Window features
Double Pane Windows
Exterior features
Storage Shed
Standard status
Active
APN
027163033000
Size
1,467 SF
Lot size
0.17 Acres
Utilities
Utilities
Cable Available
Heating system
Space Heater
Building Details
Year built
1947
Building materials
Wood Frame, Wood Siding
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe
(530) 543-6676
Listed By:
Shannon Witt
(925) 244-1933
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 7:06AM
MLS# 143259
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.
This duplex offers a flexible setup with two separate residential units. The lower unit features two bedrooms, one bathroom, a living room with dining area, kitchen, and dedicated laundry space, and it is largely original and ready for updating. The upper unit is move-in ready for immediate occupancy or rental. The property includes a detached one-car garage, three off-street parking spaces, two storage sheds, and a fully fenced lot. Set on approximately 0.17 acres with about 1,467 square feet, it also provides redevelopment optionality for buyers to verify with the City of South Lake Tahoe.
Located on Willow Avenue in the Tourist Core area, the property is described as being on the last TC designated lot. It is positioned directly across from the newly developed Ski Run Park and within walking distance to restaurants, shopping, recreation, and year-round entertainment, with the lake and Heavenly California Base Lodge described as nearby.
Located on Willow Avenue in the Tourist Core area, the property is described as being on the last TC designated lot. It is positioned directly across from the newly developed Ski Run Park and within walking distance to restaurants, shopping, recreation, and year-round entertainment, with the lake and Heavenly California Base Lodge described as nearby.
Key Highlights
- Duplex built in 1947 on the last TC‑designated lot on Willow Avenue in South Lake Tahoe’s Tourist Core
- Lower unit: 2 bedrooms, 1 bathroom, living room, dining area, kitchen, and dedicated laundry space (largely original, ready for updating)
- Upper unit is move‑in ready for immediate occupancy or rental
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 | $37.0k | $25.20 |
| − Vacancy | −$2.1k | −$1.46 |
| EGI | $34.8k | $23.74 |
| − OpEx | −$10.4k | −$7.12 |
| NOI | $24.4k | $16.62 |
1,467 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.3K
$304.8K – $406.3K
NOI $24,380 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$311.7K
$272.8K – $363.7K
NOI $21,820 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$524.5K
$458.9K – $611.9K
NOI $36,714 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, including a move-in ready upper unit, plus a detached garage and multiple off-street parking spaces.
Where is this duplex located?
The property is located at 3678 Willow Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex built in 1947 on the last TC‑designated lot on Willow Avenue in South Lake Tahoe’s Tourist Core; Lower unit: 2 bedrooms, 1 bathroom, living room, dining area, kitchen, and dedicated laundry space (largely original, ready for updating); Upper unit is move‑in ready for immediate occupancy or rental
