$750,000

Duplex With Room For Two More Units

  • 3 Beds
  • 3 Baths
  • 1,396 Sqft
  • 23,522 Sqft lot
  • MLS#142568

About the Property

This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.

The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind i

This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.

The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.

The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.

A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).

Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you’re looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.

  • Property type

    Apartment

  • Year built

    1957

  • Price/sqft

    $537

Features

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705 Eloise Avenue, South Lake Tahoe, CA 96150, California, United States View on Google Maps
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Karen Grant

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Karen Grant
Nevada, United States
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2026
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Sierra Sotheby's International Realty
Sierra Sotheby's International Realty
5301 Kietzke Ln #200, 89511, Reno, Nevada, United States
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Sierra Sotheby’s International Realty proudly expands its Northern Nevada
footprint with the opening of the new
Sierra Sotheby’s International Realty proudly expands its Northern Nevada
footprint with the opening of the new Reno office at 5301 Kietzke Lane. Located
in one of Reno’s most sought-after professional corridors, this sophisticated,
light-filled space is conveniently situated just minutes from downtown Reno, the
Reno-Tahoe International Airport, and the thriving Midtown District.

We are especially excited to share this premier address with Charles Schwab,
whose presence on the ground level reinforces the building’s stature as a hub
for trusted, high-level service.

Our Reno team is composed of seasoned real estate professionals who are deeply
connected to the local market, bringing an elevated standard of client service,
innovative marketing, and global reach to Northern Nevada buyers and sellers.
Whether it’s a luxury estate, investment property, or family home, the Reno
office embodies the legacy and prestige of the Sotheby’s International Realty
brand, tailored to the vibrant and growing Reno-Tahoe region.
Last updated
August 10
First listed
Aug 10
Listing reference
MRMQK4
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