South Lake Tahoe, CA Quadplexes for sale

Updated: May 26

Four-Unit Multifamily with Development Potential

1212 Melba Drive, South Lake Tahoe, CA 96150

$675,000

2,204 sqft

Approx. 1‑acre South Lake Tahoe property with four rental units across three structures
Unit mix includes two 1 bed/1 bath units, one 2 bed/2 bath unit, and a studio apartment above Unit C
All units are occupied by long‑term month‑to‑month tenants
City of South Lake Tahoe redevelopment potential: up to 25 units per acre; buyer to verify with the City
Coverage details provided: current coverage approx. 6,875 SF; base allowable coverage approx. 13,104 SF; banked coverage approx. 16,251 SF; maximum allowable approx. 30,492 SF

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This listing looks promising.

Here's a quick look at some key insights for

1212 Melba Drive, South Lake Tahoe, CA 96150

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$37K
Annual
Price @ 7% Cap

$523K
Suggested
Property Type

Duplex
Built 1960

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Updated: Jun 20

Fourplex Townhouse-Style Property

4089 Pine Boulevard, South Lake Tahoe, CA 96150

$2,200,000

3,808 sqft 0.32 AC lot

Two townhouse‑style duplexes at 4089 Pine Blvd and 4091 Pine Blvd, totaling 4 units
Each unit offers 952 SF with 2 bedrooms and 1.5 baths, with identical floor plans
Each unit includes its own fireplace and a back deck
Recent updates include exterior repainting in 2021 and a new 40‑year composition roof in 2022
Upgrades reported for currently vacant units: laminate flooring, carpet, kitchen cabinetry, appliances, and granite counters

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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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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in South Lake Tahoe, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Remodeled Fourplex Income Property

50 Berrum Place, Reno, NV 89509

$1,090,000

2,548 sqft 0.14 AC lot

Fully remodeled fourplex with two one-bedroom and two two-bedroom units, including mini-splits and in-unit washers/dryers.

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Carson City Multifamily Income Property

1312 Como Street, Carson City, NV 89701

$950,000

4,644 sqft 0.15 AC lot

Income-producing multifamily property with four units in Carson City.

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Well-Maintained 4-Plex with Garages

701 S Nevada Street, Carson City, NV 89703

$1,290,000

3,600 sqft 0.20 AC lot

Four two-bedroom, two-bath units with two-car garages make this a practical residential income offering.

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MidTown Reno Multifamily Investment

343 & 347 Mount Rose St., Reno, NV 89509

$1,431,000

3,894 sqft 0.16 AC lot

Charming multifamily property in Reno's vibrant MidTown District.

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South Lake Tahoe, CA Quadplexes Market Trends and Statistics

Explore 3 quadplexes for sale in South Lake Tahoe, CA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,216 square feet of properties for sale, with an estimated market value of $3,625,000.

Sale prices for four-unit buildings in South Lake Tahoe, CA start at $675,000, averaging $1,208,333, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
96150	$1.5M

Neighborhood

Average Price

96150

$1.5M

South Lake Tahoe, CA Quadplexes for Sale

1212 Melba Drive, South Lake Tahoe, CA 96150

4089 Pine Boulevard, South Lake Tahoe, CA 96150

1212 Melba Drive, South Lake Tahoe, CA 96150