1129 Martin Ave, South Lake Tahoe, CA 96150

$649,950
3
BD
3
BA
1,253
SqFt

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List Price
$649,950
Status
CLOSED
Days on Market
74
Closing Date
Oct 14, 2026
MLS#
143291
Subtype
Multi-Family
Year Built
1958
Bedrooms
3
Bathrooms
3
Living Area
1,253
Lot Size
4,792
Acres
0.11
Subdivision
Tahoe Sierra 3
MLS Area Major
Tahoe-Sierra

Property Description

Exceptional opportunity to own a versatile triplex in the heart of South Lake Tahoe. Ideally located just minutes from the lake, Heavenly Mountain Resort, Lake Tahoe Community College, shopping, restaurants, and countless year-round outdoor activities.Currently generating over $4000 per month in gross rental income, 1129 Martin Ave is an excellent option for an investor seeking steady cash flow. The property also offers the potential to combine the front two units into a larger single-family residence while keeping the rear unit as a guest house or income-producing unit (Buyer to verify all possibilities with the city of South Lake Tahoe)

Additional Information

Exterior Features
Shed
Zoning
Multi-Family
Air Conditioning
None
Levels
One
Roof
Metal
Foundation
Slab

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Courtesy of Kylie Bowman and Foundation Real Estate. Contact:

All listings are courtesy of IVR MLS. Listing Agent: Kylie Bowman, Listing Office: Foundation Real Estate.