South Lake Tahoe, CA Residential Income Properties for Sale

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39 properties

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Updated: Jul 31

Five-Unit Apartment Building

3685 Tamarack Avenue, South Lake Tahoe, CA 96150

$1,450,000

5,400 sqft 0.23 AC lot

Five‑unit apartment property with 11 bedrooms
Unit mix includes four 2‑bedroom, 1.5‑bath residences and one 3‑bedroom, 2‑bath unit
5,400 square feet on 0.23 acres
Brand‑new roof and three recently updated units
Backyard outdoor space for each unit plus off‑street parking

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Updated: Aug 9

Updated Multifamily Apartment Building

3715 Blackwood Road, South Lake Tahoe, CA 96150

$1,790,000

8,154 sqft 0.63 AC lot

13‑unit apartment property with 21 bedrooms
Approximately 8,154 SF on a 0.63‑acre lot
Studio, 1‑bedroom, 2‑bedroom, and 3‑bedroom floor plans
62% current occupancy; 92% stabilized occupancy projected
One significant and three moderate city‑required upgrades identified

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Remodeled Multifamily Property

2032 C Street, South Lake Tahoe, CA 96150

$1,179,000

2,054 sqft 0.50 AC lot

Commercially zoned property with tenant-paid utilities and potential for additional unit construction.

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Garden-Style Apartment Community

3715 Blackwood Road, South Lake Tahoe, CA 96150

$1,790,000

8,154 sqft

Thirteen-unit garden-style multifamily property with surface parking, courtyard, and on-site laundry.

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Updated Duplex with Private Yards

920 Lapham Drive, South Lake Tahoe, CA 96150

$660,000

1,350 sqft 0.14 AC lot

Two separate residences offer private outdoor areas and a remodeled unit with contemporary finishes.

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Three-Unit Cabin Triplex

802 Tallac Avenue, South Lake Tahoe, CA 96150

$895,000

2,112 sqft 0.11 AC lot

Three separate residences offer a flexible owner-occupant or rental configuration near Lake Tahoe, shopping, meadows, and walking trails.

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Tourist Core Quadplex with Lake Access

4089 Pine Boulevard, South Lake Tahoe, CA 96150

$2,200,000

3,808 sqft 0.32 AC lot

Townhouse-style residences offer matching two-bedroom layouts, fireplaces, and private back decks.

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Four-Unit Quadplex Property

2240 Eloise, South Lake Tahoe, CA 96150

$1,249,000

4,528 sqft

Townhouse and freestanding unit mix with separately fenced rear yards and on-site laundry.

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Duplex with Two Kitchens

848 Glorene Avenue, South Lake Tahoe, CA 96150

$1,340,000

3,061 sqft 0.51 AC lot

Remodeling is underway across a two-residence property with approved plans available for review.

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Duplex with Two Updated Cabins

1357 Susie Lake Road, South Lake Tahoe, CA 96150

$550,000

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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Residential Income Property

3685 Tamarack Avenue, South Lake Tahoe, CA 96150

$1,450,000

5,400 sqft

Built in 1965, the property includes natural gas service, a space heater, and a gas water heater.

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Duplex with Separate Access

3357 Treehaven Drive, South Lake Tahoe, CA 96150

$795,000

1,986 sqft 0.14 AC lot

Two residences offer individual garages, distinct entrances, and multifamily zoning in South Lake Tahoe.

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Updated Duplex with Private Garages

3814 Paradise Avenue, South Lake Tahoe, CA 96150

$990,000

1,986 sqft 0.14 AC lot

Two occupied units offer a multi-family configuration with separate garages and extensive interior improvements.

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Two-Unit Duplex with Garages

2400 Tahoe Vista Drive, Unit A & B, South Lake Tahoe, CA 96150

$719,900

1,536 sqft

Multi-family property with matching residential layouts, private outdoor areas, and attached garage access for both units.

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Two-Cabin Duplex with Expansion Capacity

705 Eloise Avenue, South Lake Tahoe, CA 96150

$750,000

1,396 sqft 0.54 AC lot

Two separate cabins include a renovated two-bedroom residence, a long-term tenant unit, and covered workshop space.

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Two-Unit Duplex Property

2400 Tahoe Vista Drive, South Lake Tahoe, CA 96150

$719,900

1,536 sqft 0.15 AC lot

Multi-family zoning supports a residential income property with separate living spaces and private outdoor areas.

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Value-Add 6-Unit Apartment Building

3121 Pasadena Avenue, 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 Garage

3678 Willow Avenue, South Lake Tahoe, CA 96150

$489,900

1,467 sqft 0.17 AC lot

Two residential units occupy a fenced lot within tourist core zoning.

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7-Unit Multifamily Property

1029 Reno Avenue, South Lake Tahoe, CA 96150

$957,500

2,400 sqft 0.34 AC lot

Three-parcel rental property with completed renovations across four units and additional redevelopment flexibility.

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South Lake Tahoe Triplex

1129 Martin Avenue, South Lake Tahoe, CA 96150

$649,950

1,253 sqft 0.11 AC lot

Three-unit multifamily property with a storage shed and access to year-round recreation, shopping, dining, and education.

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Four-Unit Duplex Property

4089-4091 Pine Blvd, South Lake Tahoe, CA 96150

Contact for pricing

3,808 sqft 0.32 AC lot

Townhouse-style duplexes in the Tourist Core with deeded access to Lakeside Beach and Marina.

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Triplex with Upper-Level Residence

2493 Ponderosa Street, South Lake Tahoe, CA 96150

$700,000

2,750 sqft 0.18 AC lot

Three distinct units offer one-, two-, and three-bedroom layouts with shared outdoor amenities.

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Two-Story 15-Unit Multifamily

3831 PENTAGON DR, South Lake Tahoe, CA 96150

Contact for pricing

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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Four-Unit Multifamily Property

1039 Fern Road, South Lake Tahoe, CA 96150

$998,000

0.23 AC lot

Fully leased multifamily property with varied floor plans, included appliances, and access to Stateline-area amenities.

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

Explore 58 residential income properties for sale in South Lake Tahoe, CA, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 92,478 square feet of properties for sale, with an estimated market value of $39,777,600.

Sale prices for residential income properties in South Lake Tahoe, CA start at $489,900, averaging $1,075,070, and reaching up to $2,300,000 — 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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