Six-Unit Apartment Building with
For Sale
$1,600,000
3716 Pioneer Trail, South Lake Tahoe, CA 96150
MULTI_FAMILY - South Lake Tahoe, CA
Property Size5,716 SF
Lot Size0.26 Acres
Price / SF$279.92
Days on Market127
Property Features for 3716 Pioneer Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Window features
Double Pane Windows, Single Pane Window(s)
Patio and Porch features
Patio
Exterior features
Patio/Balcony
Subdivision
Heavenly Valley
Standard status
Active
APN
028041006000
Size
5,716 SF
Lot size
0.26 Acres
Utilities
Heating system
Natural Gas, Space Heater
Building Details
Year built
1964
Building materials
Wood Frame, Wood Siding
Roof type
Flat
Listing Agency:
Realty World Lake Tahoe
(530) 544-5395
Listed By:
Jarred Uppendahl
(530) 544-5395
Added: Mar 26
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 142631
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.
Six-unit apartment building with a patio, featuring five two-bedroom, one-bath units and one studio. The building includes four additional storage/parking garages, and the unit features are highlighted by newer appliances, gas stoves, and washer/dryer hookups with an open living concept. Heating is provided by natural gas and space heaters.
The property sits on a 0.26-acre lot in South Lake Tahoe, CA, and was built in 1964. The exterior is wood frame construction with wood siding and a flat roof. It is described as centrally located, just minutes from Heavenly Village and Heavenly Ski Resort, with access to local amenities, dining, and transportation.
With the mix of two-bedroom units and a studio, this small multifamily asset can accommodate a range of tenant needs in the Tahoe rental market while offering on-site storage/parking support via the garages.
The property sits on a 0.26-acre lot in South Lake Tahoe, CA, and was built in 1964. The exterior is wood frame construction with wood siding and a flat roof. It is described as centrally located, just minutes from Heavenly Village and Heavenly Ski Resort, with access to local amenities, dining, and transportation.
With the mix of two-bedroom units and a studio, this small multifamily asset can accommodate a range of tenant needs in the Tahoe rental market while offering on-site storage/parking support via the garages.
Key Highlights
- Six units: five two‑bedroom/one‑bath and one studio
- 0.26‑acre lot with 5,716 SF building
- Built in 1964 with wood frame and wood siding
Financial Insights For Apartment 5plus
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 | $164.6k | $28.80 |
| − Vacancy | −$10.0k | −$1.76 |
| EGI | $154.6k | $27.04 |
| − OpEx | −$69.6k | −$12.17 |
| NOI | $85.0k | $14.87 |
5,716 SF · lease $28.80/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $143,050 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
27
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?
Apartment building - Well-maintained six-unit apartment building with a patio and unit layouts featuring washer/dryer hookups and gas stoves.
Where is this apartment building located?
The property is located at 3716 Pioneer Trail South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six units: five two‑bedroom/one‑bath and one studio; 0.26‑acre lot with 5,716 SF building; Built in 1964 with wood frame and wood siding
