Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% — this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.
Property Details
Price:
$1,350,000
MLS #:
141797
Status:
Active
Baths:
0
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
Neighborhood:
tahoesierra
Listed Date:
Jun 16, 2025
Finished Sq Ft:
3,600
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1960
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address1222 Sierra Boulevard 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 Feb 19, 2026
9
Multi Family Listed
157
Avg DOM
400
Avg $ / SqFt
$1,188,611
Avg List Price
Property Summary
- 1222 Sierra Boulevard South Lake Tahoe CA is a Multi Family for sale in South Lake Tahoe, CA, 96150. It is listed for $1,350,000
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Courtesy of Michelle Blue-Benedict of Berkshire Hathaway HS – SLT. 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. 1222 Sierra Boulevard
South Lake Tahoe, CA