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PRICE $850,000
BEDS 0
BATHS 0
HOME SIZE 2,879 sqft
LOT SIZE n/a
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South Lake Tahoe multifamily investment opportunity located approximately three blocks from Lake Tahoe in the desirable Al Tahoe area. This 6 unit apartment property consists of approximately 2,879 SF situated on a 5,227 SF lot and offers significant value-add upside for investors, builders, or experienced rehab operators. Property requires heavy renovation and substantial repair work and is priced accordingly. Ideal opportunity for a buyer seeking a major fixer-upper with the potential to reposition, renovate, and maximize long-term income or resale value. Seller financing is available to qualified buyers. Based on estimated market rents and a 6% capitalization rate, the projected stabilized value after renovation may be approximately $1.3 million (pro forma estimate only; buyer to independently verify all assumptions and underwriting). Excellent walkable location near Lake Tahoe beaches, restaurants, shopping, and recreation, with convenient access to Heavenly Ski Resort and Stateline entertainment. Property sold strictly AS-IS. Buyer to independently verify all property information, unit count, permits, condition, financial projections, and redevelopment potential.

LAST UPDATED 4/30/2026 YEAR BUILT 1959
COUNTY El Dorado STATUS Pending
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
HEAT Wall Furnace
LOT 0
LOT DIMENSIONS 5227.00
PARKING Assigned
POOL DESCRIPTION None
TAXES 11018
WATER Public
ZONING HDR
Listed by Moon Choe | 408-359-7070, Blue Moon Realty

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 5/1/26 6:02 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2026 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2026.


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