3685 Tamarack Avenue South Lake Tahoe CA 96150 MLS #143277

Welcome to an exceptional investment opportunity in the heart of South Lake Tahoe. This turn-key 5-unit building offers the ideal combination of location, strong rental demand, and recent capital improvements, making it an attractive addition to any real estate portfolio.Perfectly situated between the crystal-clear waters of Lake Tahoe and the world-renowned Heavenly Ski Resort, this property places tenants just minutes from downtown, Stateline casinos, the Heavenly Gondola, Whole Foods, shopping, restaurants, hiking, biking, and year-round recreation. With South Lake Tahoe’s consistently high demand for long-term rentals, investors will appreciate both the immediate cash flow potential and long-term appreciation opportunities.The property features 11 bedrooms across five well-designed units, including four spacious 2-bedroom, 1.5-bath residences and one larger 3-bedroom, 2-bath unit complete with laundry hookups. Each unit enjoys backyard outdoor space that tenants value, while the parking lot provides ample off-street parking.Significant recent improvements enhance both value and peace of mind, including a brand-new roof, three beautifully updated units featuring fresh, modern finishes, and a brand-new balcony currently being rebuilt. A dedicated common area also presents the opportunity to add shared laundry facilities for the four 2-bedroom units, creating additional convenience for tenants and potential for increased income.Whether you’re expanding an established investment portfolio or acquiring your first multifamily asset, this well-maintained, income producing property offers the rare combination of a prime Tahoe location, thoughtful updates, value-add potential, and strong rental fundamentals. All at a price designed to attract savvy investors. Don’t miss this opportunity to own a 5 unit multifamily property in one of California’s most sought-after mountain communities.