Three-Unit Cabin
New
For Sale
$895,000
802 Tallac Avenue, South Lake Tahoe, CA 96150
Multi-Family, South Lake Tahoe, CA
Property Size2,112 SF
Lot Size0.11 Acres
Price / SF$423.77
Days on Market2
Property Features for 802 Tallac Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Window features
Double Pane Windows, Single Pane Window(s)
Subdivision
Al Tahoe
Standard status
Active
APN
026077011000
Size
2,112 SF
Lot size
0.11 Acres
Utilities
Utilities
Cable Available
Heating system
Space Heater, Natural Gas
Building Details
Year built
1959
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
Realty World Lake Tahoe
(530) 544-5395
Listed By:
Jarred Uppendahl · License #01958463
(530) 307-2950
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 1:06PM
MLS# 143452
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 triplex contains three distinct residences within a 2,112-square-foot property. The front cabin provides three bedrooms and two bathrooms, while two rear cabins each offer one bedroom and one bathroom. Wood-frame construction, an asphalt roof, space heating, and natural gas service are included among the property features. Built in 1959, the property sits on a 0.11-acre lot and includes cable availability.
Located at 802 Tallac Avenue in South Lake Tahoe, the property is positioned near Lake Tahoe, shopping, meadows, and walking trails. The three-unit layout supports separate occupancy across the residences and provides a combination of front-home and rear-cabin spaces.
Located at 802 Tallac Avenue in South Lake Tahoe, the property is positioned near Lake Tahoe, shopping, meadows, and walking trails. The three-unit layout supports separate occupancy across the residences and provides a combination of front-home and rear-cabin spaces.
Key Highlights
- Three separate residences: one 3‑bedroom, 2‑bath front cabin and two 1‑bedroom, 1‑bath rear cabins
- 2,112 square feet across a 0.11‑acre lot
- Built in 1959 with wood‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
$702.0K
Cap Rate 7%
$501,414
$501.4K
Cap Rate 9%
$389,989
$390.0K
Market Conditions
NOI Build-Up for 2,112 SF
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.
Gross rent
$53.2K $25.20/SF
− Vacancy
−$3.1K −$1.46/SF
EGI
$50.1K $23.74/SF
− OpEx
−$15.0K −$7.12/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
Cap Rate 7%
$501,414
Cap Rate 9%
$389,989
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,413 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$755.1K
$660.7K – $880.9K
NOI $52,856 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
401
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?
Triplex - Three separate residences offer a flexible owner-occupant or rental configuration near Lake Tahoe, shopping, meadows, and walking trails.
Where is this triplex located?
The property is located at 802 Tallac Avenue South Lake Tahoe, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three separate residences: one 3‑bedroom, 2‑bath front cabin and two 1‑bedroom, 1‑bath rear cabins; 2,112 square feet across a 0.11‑acre lot; Built in 1959 with wood‑frame construction
