Residential Income

South Lake Tahoe, CA Residential Income Properties for Sale

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South Lake Tahoe Multifamily Investment
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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5-Unit Apartment Building with New Roof
Updated: Jul 31
5-Unit Apartment Building with New Roof

3685 Tamarack Avenue, South Lake Tahoe, CA 96150

$1,450,000
5,400 sqft 0.23 AC lot
Five units totaling 11 bedrooms: four 2‑bedroom 1.5‑bath units plus one 3‑bedroom 2‑bath unit
0.23‑acre lot with approximately 5,400 square feet
Brand‑new roof plus three units updated with fresh, modern finishes
Backyard outdoor space for each unit and off‑street parking in a parking lot
Natural gas heating and space heaters
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Duplex with Buildable Second Lot
Duplex with Buildable Second Lot

1152 Sonora Avenue, South Lake Tahoe, CA 96150

$749,000
2,484 sqft 0.23 AC lot

Fenced double-lot duplex with two 2-bedroom units, in-unit laundry, forced air heat, and attached one-car garages.

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Tourist Core Quadplex
Tourist Core Quadplex

4089 Pine Boulevard, South Lake Tahoe, CA 96150

$2,200,000
3,808 sqft 0.32 AC lot

Four townhouse-style units offer flexible multifamily use near casinos, the lake, beach, marina, and Heavenly Village.

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Lake Tahoe Mixed-Use Income Property
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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Five-Unit Apartment Building
Five-Unit Apartment Building

3686 Primrose Road, South Lake Tahoe, CA 96150

$688,000
2,206 sqft 0.11 AC lot

Five tenant-occupied units with two one-bedroom layouts and three studios, plus covered parking for four units.

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Six-Unit Apartment Building with Patio
Six-Unit Apartment Building with Patio

3716 Pioneer Trail, South Lake Tahoe, CA 96150

$1,600,000
5,716 sqft 0.26 AC lot

Well-maintained six-unit apartment building with a patio and unit layouts featuring washer/dryer hookups and gas stoves.

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Two-Unit Residential Duplex
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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Value-Add 6-Unit Apartment Building
Value-Add 6-Unit Apartment Building

3121 Pasadena Ave, South Lake Tahoe, CA 96150

$799,000
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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Duplex with Detached ADU
Duplex with Detached ADU

848 Glorene Avenue, South Lake Tahoe, CA 96150

$1,350,000
3,061 sqft 0.51 AC lot

Vacant duplex-style property on 0.51 acres with a 3-bedroom ADU, circular driveway, and a large backyard storage shed.

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Two-Bedroom Duplex Cabins
Two-Bedroom Duplex Cabins

838 San Francisco Avenue, South Lake Tahoe, CA 96150

$685,000
1,296 sqft 0.14 AC lot

Duplex features two separate two-bedroom, one-bath cabins for flexible living or rental income.

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Updated Triplex Near Waterfront
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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Duplex with Two Updated Cabins
Duplex with Two Updated Cabins

1357 Susie Lake Road, South Lake Tahoe, CA 96150

$580,000
670 sqft 0.26 AC lot

Duplex lot zoned for multi-family use with two 1-bedroom units, updated interiors, and separate electric metering.

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Detached Duplex with Separate Utilities
Detached Duplex with Separate Utilities

803 Merced Avenue, South Lake Tahoe, CA 96150

$450,000
1,100 sqft 0.11 AC lot

Two vacant residences offer independent utilities and single-level layouts for renovation.

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Mixed-Use Property with Retail Space
Mixed-Use Property with Retail Space

2218 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150

$1,410,000
4,980 sqft 0.50 AC lot

Combined commercial and residential layout with GC zoning along Lake Tahoe Boulevard.

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Duplex With Private Fenced Yards
Duplex With Private Fenced Yards

2400 Tahoe Vista Drive, South Lake Tahoe, CA 96150

$739,500
1,536 sqft 0.15 AC lot

Duplex on a 0.15-acre lot in Multi-Family zoning, built in 1961 with two attached garages and private fenced yards.

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Triplex with Storage Shed
Triplex with Storage Shed

1129 Martin Avenue, South Lake Tahoe, CA 96150

$649,950
1,253 sqft 0.11 AC lot

Triplex zoned Multi-Family with 0.11 acres, built in 1958, featuring wood-frame construction and a metal roof.

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South Lake Tahoe Multifamily Investment
South Lake Tahoe Multifamily Investment

1212 Melba Drive, South Lake Tahoe, CA 96150

$675,000
2,204 sqft 1.00 AC lot

Rare investment opportunity with income and development potential.

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South Lake Tahoe Duplex Cabins
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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Renovated Eight-Unit Apartment Building
Renovated Eight-Unit Apartment Building

3671 Spruce Avenue, South Lake Tahoe, CA 96150

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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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Duplex with Detached Garage and Parking
Duplex with Detached Garage and Parking

3678 Willow Avenue, South Lake Tahoe, CA 96150

$489,900
1,467 sqft 0.17 AC lot

Duplex with two units, including a move-in ready upper unit, plus a detached garage and multiple off-street parking spaces.

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Two-Story 15-Unit Multifamily
Two-Story 15-Unit Multifamily

3831 PENTAGON DR, South Lake Tahoe, CA 96150

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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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8-Unit Apartment Property
8-Unit Apartment Property

3775 Paradise Ave, South Lake Tahoe, CA 96150

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5,351 sqft 0.23 AC lot

Fully occupied, two-story eight-unit multifamily property with secured parking and on-site laundry access.

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7-Unit Apartment Building
7-Unit Apartment Building

1036 Moss Rd, South Lake Tahoe, CA 96150

$1,150,000
3,176 sqft 0.23 AC lot

Wood apartment building built in 1957 offering six studio units and one one-bedroom unit with on-street parking.

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South Lake Tahoe, CA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in South Lake Tahoe, CA, showcased through 53 active listings on our real estate platform. These investment opportunities span a total of 140,711 square feet of properties for sale, with an estimated market value of $56,112,089.

Sale prices for residential income properties in South Lake Tahoe, CA start at $450,000, averaging $1,169,001, and reaching up to $3,500,000 — 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

Multifamily properties 53
Duplexes 21
Apartment buildings 18
Triplexes 10
Quadplexes 4

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 $1.2M

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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