Rare chance to own a duplex in the desirable Tahoe Island neighborhood of South Lake Tahoe. Each unit has separate utility meters, providing flexibility for both investors and owner-occupants.Ideal for a buyer looking to live in one unit while offsetting the mortgage by renting the other, or for those seeking a long-term rental investment in a high-demand local housing market. The property provides income potential while still enjoying the benefits of homeownership in Tahoe.Conveniently located near shopping, restaurants, and bike paths, and just minutes to Lake Tahoe beaches and a short drive to Heavenly Ski Resort. The setting combines a residential neighborhood feel with easy access to year-round recreation.Ready for a new owner’s personal touches and future improvements, offering the opportunity to build equity over time.A versatile property well-suited for full-time residents, second-home owners, or investors looking for a foothold in the Lake Tahoe Basin.
Property Details
Price:
$459,000
MLS #:
142551
Status:
Active
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Neighborhood:
tahoeislanddrive
Listed Date:
Mar 2, 2026
Finished Sq Ft:
920
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1957
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address905 Lapham Drive 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 Mar 16, 2026
13
Multi Family Listed
116
Avg DOM
416
Avg $ / SqFt
$1,042,500
Avg List Price
Property Summary
- 905 Lapham Drive South Lake Tahoe CA is a Multi Family for sale in South Lake Tahoe, CA, 96150. It is listed for $459,000
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Courtesy of Bret Howard 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. 905 Lapham Drive
South Lake Tahoe, CA
