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$1,488,000
141952 MLS
Multi-Tenant Commercial Property with Stable Income, Rare Well, and Development FlexibilityPositioned on a prominent half-acre parcel within South Lake Tahoe's Tahoe Valley Area Plan, this three-building commercial property offers long-term tenancy, strong income, and future upside. Currently occupied by two stable tenants across retail, industrial, and storage uses, the site also includes a rare private well, offering significant utility cost savings.The primary structure is approximately 3,895 square feet and occupied by Pet Station, a well-established regional retailer. The lower level is dedicated to their pet supply storefront, while the second floor includes dog wash bays, private offices, storage, and a full bathroomallowing for flexible future use as office, grooming, professional services, or potential wellness operations. As part of their lease, Pet Station also utilizes a detached 536-square-foot storage building on the property.The second tenant, a commercial laundry operator, occupies a 1,116-square-foot structure ideal for service-based or light industrial use. Extensive on-site parking supports all tenants, with ample room for customers, staff, or future delivery and fleet vehicles.Located within the Tahoe Valley Area Plan (TVAP), the property benefits from zoning that supports a broad range of uses including general retail, office, industrial services, light manufacturing, and mixed-use development. TVAP also streamlines the permitting process and encourages reinvestment, adaptive reuse, and improved pedestrian access along commercial corridors.With existing leases in place, the property delivers a solid 5.8% cap rate, offering immediate income stability and long-term investment potential. Future rent adjustments and development flexibility provide additional upside for investors or owner-users.This is a rare opportunity to acquire a well-located, multi-building income property with strong fundamentals, essential infrastructure, and embedded growth potential in a high-barrier-to-entry market.

2205 Lake Tahoe Blvd, South Lake Tahoe

$975,000
5 Beds 4 Baths 143408 MLS
937 3rd Street is a four-unit multifamily investment property in South Lake Tahoe featuring a diversified unit mix of one two-bedroom/one-bath apartment, three one-bedroom/one-bath apartments, and a rented commercial yard. The property's current residential rents are well below prevailing market levels, offering investors meaningful potential income upside. Three apartments are occupied on month-to-month terms, while the one-bedroom unit associated with the garage is on an annual lease. All units are individually metered, and three of the four units feature washer/dryer hookups. Built in 1949, the two-story, 2,228-square-foot building sits on approximately 0.50 acre and provides existing in-place income, a garage component, and additional revenue from the yard.

937 3rd St, South Lake Tahoe

$699,000
3 Beds 2 Baths 143438 MLS
Welcome to 769 Michael Drive, a well-cared-for ranch-style home that has been lovingly maintained as a primary residence for 20 years. This inviting property features 3 bedrooms and 2 bathrooms, offering a comfortable, single-level layout suited for full-time living, weekend getaways, or a Tahoe retreat.A spacious two-car garage provides plenty of room for vehicles, outdoor gear, and additional storage. One of the home's most desirable features is its setting with no rear neighbors, creating added privacy and a more peaceful backyard atmosphere.Located just minutes from the shores of Lake Tahoe and a short drive from Heavenly Mountain Resort and Heavenly Village, this home puts year-round recreation, shopping, dining, and entertainment within easy reach. Its location in the neighborhood also provides eligibility to purchase a boat dock in the Tahoe Keys Marina, subject to availability. With its long-term pride of ownership, practical ranch-style design, private rear setting, and close proximity to the very best of Tahoe amenities, 769 Michal Drive is ready for its next chapter.

769 Michael Dr, South Lake Tahoe

$675,000
3 Beds 2 Baths 143211 MLS
Welcome to this warm and inviting home in the centrally located Tahoe Island neighborhood. This single-story residence features a thoughtfully designed floor plan on a level lot, offering both comfort and convenience. Step inside to a spacious living room anchored by a gas fireplace, creating a cozy focal point for gathering. Adjacent to the living area is a charming dining nook and the kitchen with ample space for cooking. Down the hall, sits two bedrooms, a full bathroom, and the primary suite. Both bathrooms have been tastefully updated, adding a fresh, modern touch. Outside, the fully fenced backyard includes a storage shed and low-maintenance landscaping in both the front and back yards. The nearby bike path is just outside the door, and you'll enjoy being only minutes from beautiful beaches, world-class ski resorts, shopping, dining, and all that South Lake Tahoe has to offer.

917 Rainbow Dr, South Lake Tahoe

$575,000
3 Beds 2 Baths 143167 MLS
Rare stand-alone chalet backing to the meadow in South Tahoe's wonderful Sky Meadows planned use development. This cabin has the classic mountain feel with 3 bedrooms (one a loft), 2 full bathrooms, and a back deck for that peaceful morning coffee. Conveniently located just off of Tahoe Keys Blvd in the heart of South Lake Tahoe, this property would make a great primary residence, second home getaway, or possibly even a vacation rental. Recreation trails are very nearby along the Truckee River, as is the dedicated bike path for adventures toward the beaches. HOA includes additional parking, snow removal, exterior maintenance, water, refuse, structure insurance, cable TV, internet, and landscaping! Make your appointment today to consider this special opportunity.

2349 Sky Meadows Ct, South Lake Tahoe

$565,000
3 Beds 2 Baths 143115 MLS
It's all about location! Backing to a beautiful greenbelt in the heart of South Lake Tahoe, walks to the lake and meadow, rides on the bike path and access to all that the area has to offer are right out your door. Just painted on the exterior with a new deck and updated throughout in 2018, including the kitchen, bathrooms, heating system, roof and windows, this property has been lovingly cared for by the original owner. Downstairs, you'll find an open living space with a cozy gas fireplace and a kitchen that features a breakfast bar, perfect for casual meals or chatting with friends. There's also a half bath and a deck where you can kick back and take in the wide-open grassy views. Upstairs, there are three bedrooms and a full bath. Located in Sky Meadows which is a short term rental approved neighborhood, where snow removal, refuse and more are taken care of for you - less to worry about while you enjoy the easy Tahoe lifestyle!

2337 Sky Meadows Ct, South Lake Tahoe

$515,000
3 Beds 2 Baths 142970 MLS
Beautifully remodeled South Lake Tahoe cabin offering 3 bedrooms, 2 full bathrooms, and 1,280 square feet of comfortable mountain living. Located in a peaceful setting right in the heart of South Lake Tahoe, this charming home combines modern upgrades with classic Tahoe character.The interior features warm wood flooring throughout the main living area, a stunning porcelain tile shower, and elegant granite countertops in the kitchen. The open and inviting layout creates the perfect space for relaxing or entertaining after a day on the lake or slopes.Enjoy the serenity of the surrounding setting while still being conveniently close to shopping, dining, outdoor recreation, hiking trails, ski resorts, and Lake Tahoe's year-round activities. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this move-in ready cabin is a must-see.

2336 Sky Meadows Ct, South Lake Tahoe

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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