Pending

$649,950

1129 Martin Ave, South Lake Tahoe, CA 96150

3beds

3baths

1,253sqft

$4,148/mo

Get pre-qualified

Triplex

Built in 1958

-- sqft lot

$637,200 Zestimate^®

$519/sqft

$-- HOA

What's special

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)

18 days

783

21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Wall or Space Heater

Cooling

Has cooling: Yes

Appliances

Laundry: Other/See Remarks

Features

1st Unit: 1 Bed - 1 Bath, 2nd Unit: 1 Bed - 1 Bath, 3rd Unit: 1 Bed - 1 Bath
Windows: Other/See Remarks
Has basement: No

Interior area

Total structure area: 1,253
Total interior livable area: 1,253 sqft

Property

Parking

Total spaces: 4

Features

Levels: One
Stories: 1
Pool features: None

Lot

Size: 4,791 Square Feet

Details

Additional structures: Storage Shed
Parcel number: 031164011000
Zoning description: Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Wood Frame, Wood Siding
Foundation: Slab
Roof: Metal

Condition

Year built: 1958

Utilities & green energy

Utilities for property: Natural Gas Available

Community & HOA

Community

Subdivision: Tahoe Sierra 3

Location

Region: South Lake Tahoe

Financial & listing details

Price per square foot: $519/sqft
Tax assessed value: $119,424
Date on market: 8/1/2026
Cumulative days on market: 19 days
Date available: 01/01/1800
Total actual rent: 0

Estimated market value

$637,200

$605,000 - $669,000

$2,562/mo

Price history

Date	Event	Price
8/10/2026	Pending sale	$649,950$519/sqft
Source: MetroList Services of CA #226094792 Report a problem
8/1/2026	Listed for sale	$649,950+8.5%$519/sqft
Source: MetroList Services of CA #226094792 Report a problem
7/22/2022	Listing removed	--
Source: MetroList Services of CA #222079113 Report a problem
6/15/2022	Listed for sale	$599,000-7.8%$478/sqft
Source: MetroList Services of CA #222079113 Report a problem
5/25/2022	Listing removed	$649,950$519/sqft
Source: STAOR #135022 Report a problem
10/15/2021	Price change	$649,950-6.5%$519/sqft
Source: MetroList Services of CA #221105352 Report a problem
9/1/2021	Listed for sale	$694,950$555/sqft
Source: MetroList Services of CA #221105352 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$119,424 +2%
2025	$1,429 +5%	$117,084 +2%
2024	$1,361 +1.6%	$114,790 +2%
2023	$1,339 +0.9%	$112,540 +2%
2022	$1,327 +1.5%	$110,334 +2%
2021	$1,308 +1.4%	$108,171 +1%
2020	$1,290 +0.5%	$107,062 +2%
2019	$1,284 +2.1%	$104,964 +2%
2018	$1,258 +1.5%	$102,907 +2%
2017	$1,239 +1.9%	$100,890 +2%
2016	$1,216 +2.6%	$98,913 +1.5%
2015	$1,185	$97,430 +2%
2014	$1,185	$95,523 +0.5%
2013	--	$95,094 +4%
2012	--	$91,403
2011	--	$91,403 +0.8%
2010	--	$90,722 -0.2%
2009	--	$90,939 +2%
2008	--	$89,157 +2%
2007	--	$87,409 +2%
2006	--	$85,696 +2%
2005	--	$84,017 +2%
2004	--	$82,371