South Lake Tahoe, CA Multifamily Properties for Sale

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Updated: Mar 13

South Lake Tahoe Multifamily Investment

2493 Ponderosa Street, South Lake Tahoe, CA 96150

$700,000

2,750 sqft 0.18 AC lot

Three‑unit property in South Lake Tahoe: 1 bed/1 bath, 2 bed/1 bath, and 3 bed/2 bath
Wood frame construction with composition roof; built in 1959
Front and back are fenced, with decks in both the front and back
Large on‑site parking area
Smaller units are on the lower level, while the 3‑bedroom unit covers the entire upper level

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2493 Ponderosa Street, South Lake Tahoe, CA 96150

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$46K
Annual
Price @ 7% Cap

$653K
Suggested
Property Type

Duplex
Built 1959

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Updated: Jun 19

Dual-Living Duplex on One Acre

1259 Bonanza Avenue, South Lake Tahoe, CA 96150

$759,000

2,452 sqft 1.00 AC lot

Duplex‑style property on a rare 1‑acre, level lot in South Lake Tahoe
Built in 1992 with wood‑frame construction and a composition roof
Each unit offers 2 bedrooms, 2 bathrooms, plus a spacious loft area
Natural gas hydronic heating and dual‑pane windows; both units include gas ranges and built‑in dishwashers
Gated driveway with ample parking for multiple vehicles, boats, or recreational gear

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Five-Unit Multifamily Property

3686 Primrose Road, South Lake Tahoe, CA 96150

$688,000

2,206 sqft 0.11 AC lot

Five tenant-occupied units with covered parking for four and on-site basement storage.

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Residential Income Property with ADU

848 Glorene Avenue, South Lake Tahoe, CA 96150

$1,350,000

3,061 sqft 0.51 AC lot

Vacant income property featuring a 4-bedroom main home and a 3-bedroom ADU, with an active remodel underway.

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Renovated Eight-Unit Apartment Building

3671 Spruce Avenue, South Lake Tahoe, CA 96150

$1,749,950

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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Two-Unit Residential Duplex

2165 Butler Avenue, South Lake Tahoe, CA 96150

$695,000

1,710 sqft 0.20 AC lot

Corner-lot duplex with two separate homes on one parcel, offering flexible owner-occupant or rental configuration.

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Two-Bedroom Duplex with Two Cabins

838 San Francisco Avenue, South Lake Tahoe, CA 96150

$685,000

1,296 sqft 0.14 AC lot

A duplex with two separate two-bedroom, one-bath cabins, offering flexible living and rental options near Lake Tahoe.

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South Lake Tahoe Apartment Building

3716 Pioneer Trail, South Lake Tahoe, CA 96150

$1,600,000

5,716 sqft 0.26 AC lot

Centrally located 6-unit apartment building near Heavenly Village.

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Lake Tahoe Mixed-Use Income Property

2218 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

$1,500,000

4,980 sqft 0.50 AC lot

Mixed-use property with three retail/commercial spaces, two residential units, and four RV spaces.

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Duplex Conversion and ADU Opportunity

1357 Susie Lake Road, South Lake Tahoe, CA 96150

$580,000

670 sqft 0.26 AC lot

Multi-family lot with two updated cabins, separate electric meters, and options to add townhouse-style duplexes or an ADU.

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South Lake Tahoe Duplex Cabins

705 Eloise Avenue, South Lake Tahoe, CA 96150

$750,000

1,396 sqft 0.54 AC lot

Duplex with rental income and development potential near beaches.

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South Lake Tahoe Multifamily Investment

1212 Melba Drive, South Lake Tahoe, CA 96150

$750,000

2,204 sqft 1.00 AC lot

Rare investment opportunity with income and development potential.

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South Lake Tahoe Duplex Investment

2400 Tahoe Vista Drive, South Lake Tahoe, CA 96150

$739,500

1,536 sqft 0.15 AC lot

Duplex in Tahoe Island neighborhood with income potential.

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Updated Duplex with Modern Interiors

2233 Washington Avenue, South Lake Tahoe, CA 96150

$698,000

1,742 sqft

Turnkey duplex offers two 2-bedroom, 1-bath units with updated finishes, ample off-street parking, and private outdoor space.

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Seven-Unit Multifamily Portfolio

1029 Reno Avenue, South Lake Tahoe, CA 96150

$967,500

2,400 sqft 0.34 AC lot

Portfolio of two duplexes and one triplex across three parcels, with six units currently vacant.

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South Lake Tahoe Multifamily Property

1036 Moss Rd, South Lake Tahoe, CA 96150

$1,150,000

3,176 sqft 0.23 AC lot

Seven-unit multifamily property in South Lake Tahoe near Stateline.

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Two-Story 15-Unit Multifamily

3831 PENTAGON DR, South Lake Tahoe, CA 96150

$2,382,000

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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Updated Duplex Near Heavenly Resort

3695 Primrose Road, South Lake Tahoe, CA 96150

$836,000

2,116 sqft 0.11 AC lot

Spacious, updated duplex near Heavenly Ski Resort, generating monthly income.

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Value-Add 6-Unit Apartment Building

3121 Pasadena Ave, South Lake Tahoe, CA 96150

$850,000

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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South Lake Tahoe Multifamily Property

3880 Pioneer Trl, South Lake Tahoe, CA 96150

$950,000

3,125 sqft 0.12 AC lot

Five-unit multifamily property in a prime South Lake Tahoe location.

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Renovated Duplex with Private Yards

2282 Blitzen Road, South Lake Tahoe, CA 96150

$849,900

2,128 sqft

Renovated duplex offers two-bedroom layouts per unit, each with a carport and private fenced yard plus shared balcony.

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Apartment Building with Highway Frontage

2440 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

$2,400,000

0.36 AC lot

Mid-city apartment building with 175 feet of Highway 50 frontage and renovated units designed for monthly stays.

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Updated Triplex Near Waterfront

896 Lakeview Avenue, Unit C, South Lake Tahoe, CA 96150

$1,319,950

2,980 sqft

Well-located triplex with three updated 2-bedroom, 2-bath units and proximity to the Lake Tahoe waterfront.

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Updated Duplex with Private Backyards

3338 Treehaven Drive, South Lake Tahoe, CA 96150

$730,000

1,792 sqft 0.14 AC lot

Two refreshed units each with fenced outdoor space, shared laundry, and a deck above the carport in a central Tahoe setting.

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South Lake Tahoe, CA Multifamily Properties Market Trends and Statistics

Explore 52 multifamily properties for sale in South Lake Tahoe, CA, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 75,759 square feet of properties for sale, with an estimated market value of $35,949,750.

Sale prices for multifamily properties in South Lake Tahoe, CA start at $580,000, averaging $1,123,429, and reaching up to $2,400,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$1.1M

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 Multifamily Properties for Sale

2493 Ponderosa Street, South Lake Tahoe, CA 96150

1259 Bonanza Avenue, South Lake Tahoe, CA 96150

3686 Primrose Road, South Lake Tahoe, CA 96150

848 Glorene Avenue, South Lake Tahoe, CA 96150

3671 Spruce Avenue, South Lake Tahoe, CA 96150

2165 Butler Avenue, South Lake Tahoe, CA 96150

838 San Francisco Avenue, South Lake Tahoe, CA 96150

3716 Pioneer Trail, South Lake Tahoe, CA 96150

2218 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

1357 Susie Lake Road, South Lake Tahoe, CA 96150

705 Eloise Avenue, South Lake Tahoe, CA 96150

1212 Melba Drive, South Lake Tahoe, CA 96150

2400 Tahoe Vista Drive, South Lake Tahoe, CA 96150

2233 Washington Avenue, South Lake Tahoe, CA 96150

1029 Reno Avenue, South Lake Tahoe, CA 96150