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)
Property Details
Price:
$649,950
MLS #:
143291
Status:
Active
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Neighborhood:
tahoesierra
Listed Date:
Aug 1, 2026
Finished Sq Ft:
1,253
Lot Size:
4,792 sqft / 0.11 acres (approx)
Year Built:
1958
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address1129 Martin Avenue South Lake Tahoe CA
- NeighborhoodTahoe-Sierra
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Market Summary
Current real estate data for Multi Family in South Lake Tahoe as of Aug 04, 2026
22
Multi Family Listed
97
Avg DOM
413
Avg $ / SqFt
$908,809
Avg List Price
Property Summary
- 1129 Martin Avenue South Lake Tahoe CA is a Multi Family for sale in South Lake Tahoe, CA, 96150. It is listed for $649,950
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Courtesy of Kylie Bowman of Foundation Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. South Tahoe Association of Realtors. All rights reserved. 1129 Martin Avenue
South Lake Tahoe, CA
