Great opportunity situated on a corner lot in South Lake Tahoe’s beloved Tahoe Island neighborhood. This listing includes two separate homes on a single parcel, offering a level of flexibility that’s hard to come by in the Tahoe market.The main home is a two bedroom one bath with a one car garage. An additional one bedroom one bath home sits alongside it. Both are ready for a new owner to update them and make them their own. Tahoe Island is one of those neighborhoods that locals genuinely love. It’s established, peaceful, and well located in South Lake Tahoe close to the lake, the mountains, and everything that makes Tahoe living worth it.The options here are real. Live in one home and rent the other. Use both as income generating rentals. Renovate and hold. The South Lake Tahoe rental market is strong year-round, and a two-unit property gives you room to build a strategy that fits your goals.The seller is also open to financing the property which can be a meaningful advantage for creative deal structures.Dual unit properties with this kind of upside don’t sit on the market long. If you’ve been waiting for the right Tahoe investment or a home with real income potential, this is worth a closer look.
Property Details
Price:
$695,000
MLS #:
142989
Status:
Active
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Neighborhood:
tahoeislanddrive
Listed Date:
May 28, 2026
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1958
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Schools
Interior
Exterior
Financial
Map
Community
- Address2165 Butler Avenue South Lake Tahoe CA
- NeighborhoodTahoe Island Drive
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Market Summary
Current real estate data for Multi Family in South Lake Tahoe as of May 31, 2026
23
Multi Family Listed
94
Avg DOM
421
Avg $ / SqFt
$866,989
Avg List Price
Property Summary
- 2165 Butler Avenue South Lake Tahoe CA is a Multi Family for sale in South Lake Tahoe, CA, 96150. It is listed for $695,000
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Courtesy of Dustin Allen of Sierra Sotheby’s Int’l Realty. 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. 2165 Butler Avenue
South Lake Tahoe, CA
