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    South Lake Tahoe, CA
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    South Lake Tahoe, CA Triplexes for Sale

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    Turnkey Multi-Unit Portfolio
    Updated: Oct 30, 2025
    Turnkey Multi-Unit Portfolio

    1029 Reno Avenue, South Lake Tahoe, CA 96150

    $972,500
    2,400 sqft 0.34 AC lot
    Seven‑unit multifamily portfolio at 1029–1035 Reno Avenue, built in 1964
    Unit mix includes two duplexes and one triplex for a flexible mix of studio and 1‑bedroom units
    Sits on three separately mapped parcels, offering options to hold as a seven‑unit compound
    Currently six of seven units are vacant, allowing a buyer to set rents and occupancy plan
    Recent unit updates reported: new flooring, updated countertops and cabinets, fresh interior paint, new heaters in most units, and upgraded windows
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    This listing looks promising.

    Here's a quick look at some key insights for

    1029 Reno Avenue, South Lake Tahoe, CA 96150

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $570K
      Suggested

    • Property Type

      Duplex
      Built 1964
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    Updated Triplex Near Waterfront
    Updated: May 5
    Updated Triplex Near Waterfront

    896 Lakeview Avenue, South Lake Tahoe, CA 96150

    $1,319,950
    2,980 sqft 0.12 AC lot
    Just 300 feet from the Lake Tahoe waterfront.
    Three updated units, each with 2 bedrooms and 2 bathrooms.
    Strong, consistent rental income potential.
    Turn‑key, income‑producing property.
    Enjoy peek‑a‑boo views of Lake Tahoe.
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    Industrial Bay Building with Residences
    Industrial Bay Building with Residences

    2140 US Highway 50, South Lake Tahoe, CA 96150

    $1,400,000
    1.18 AC lot

    Industrial bay building with eight roll-up door bays and three residential units above, on three-phase power with private well.

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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.

    Mixed-Use Tahoe City Triplex
    Mixed-Use Tahoe City Triplex

    1335 N Lake Boulevard, Tahoe City, CA 96145

    $1,250,000
    10,179 sqft

    Three-unit property in a MU-N mixed-use neighborhood zone, currently configured for both long- and short-term rentals.

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    Mixed-Use Triplex With Furnished Units
    Mixed-Use Triplex With Furnished Units

    1335 North Lake Boulevard, Tahoe City, CA 96145

    $1,250,000
    10,179 sqft

    Triplex with studio, one-bedroom, and two-bedroom furnished units currently operated with long-term and short-term rentals.

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    Investment Triplex Near University
    Investment Triplex Near University

    462 Laurel Street, Reno, NV 89512

    $1,050,000
    3,340 sqft 0.16 AC lot

    Triplex near University of Nevada, Reno with income potential.

    View details
    Multi-Family Redevelopment Site
    Multi-Family Redevelopment Site

    400 Minerva Lane, Reno, NV 89503

    $899,000
    2,939 sqft

    Two contiguous parcels zoned MF-30 with three existing residential units, offering redevelopment options near UNR and St. Mary’s.

    View details

    South Lake Tahoe, CA Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in South Lake Tahoe, CA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,380 square feet of properties for sale, with an estimated market value of $2,292,450.

    Sale prices for three-family homes in South Lake Tahoe, CA start at $972,500, averaging $1,146,225, and reaching up to $1,319,950 — 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

    Duplexes 13
    Apartment buildings 11
    Triplexes 3
    Quadplexes 2

    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

    Office

    Residential Income

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