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.
For sale
$1,350,000
1222 Sierra Blvd, South Lake Tahoe, CA 96150
8beds
8baths
3,600sqft
Multi Family
Built in 1960
-- sqft lot
$1,230,800 Zestimate®
$375/sqft
$-- HOA
What's special
- 436 days |
- 192 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Michelle A Blue-Benedict 530-308-4762 info@homestahoe.com,
Berkshire Hathaway HS - SLT,
Sarah K Benedict 530-318-5084,
Berkshire Hathaway HS - SLT
Source: STAOR,MLS#: 141797
Originating MLS: South Tahoe Association of Realtors
Originating MLS: South Tahoe Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Natural Gas, Wall or Space Heater
Cooling
- Other
Appliances
- Included: Gas Water Heater
- Laundry: Other/See Remarks
Features
- 1st Unit: 1 Bed - 1 Bath, 2nd Unit: 1 Bed - 1 Bath, 3rd Unit: Studio with 1 Bath, 4th Unit: Studio with 1 Bath, 5th Unit: 1 Bed - 1 Bath, 6th Unit: 1 Bed - 1 Bath, 7th Unit: Studio with 1 Bath, 8th Unit: Studio with 1 Bath
- Windows: Double Pane Windows
- Has basement: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
Details
- Additional structures: Storage Shed
- Parcel number: 031212002000
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Utilities for property: Natural Gas Available, Cable Connected, Phone Connected
Community & HOA
Community
- Subdivision: Unavail
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $1,041,735
- Date on market: 6/16/2025
- Cumulative days on market: 387 days
- Date available: 01/01/1800
- Total actual rent: 0
Estimated market value
$1,230,800
$1.17M - $1.29M
$2,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $1,350,000$375/sqft |
Source:  STAOR #141797 Report a problem | ||
| 8/1/2026 | Listing removed | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 6/11/2026 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 5/28/2026 | Listed for rent | $1,250-10.7% |
Source: Zillow Rentals Report a problem | ||
| 5/21/2026 | Listed for sale | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 5/1/2026 | Listing removed | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 3/3/2026 | Listing removed | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 2/24/2026 | Listed for rent | $1,400+27.3% |
Source: Zillow Rentals Report a problem | ||
| 1/9/2026 | Listed for sale | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 1/1/2026 | Listing removed | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 10/23/2025 | Listed for sale | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 10/15/2025 | Listing removed | $1,350,000$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 6/16/2025 | Listed for sale | $1,350,000+42.1%$375/sqft |
Source: STAOR #141797 Report a problem | ||
| 7/5/2017 | Listing removed | $1,100 |
Source: Carriage Lane Properties Report a problem | ||
| 6/4/2017 | Listed for rent | $1,100 |
Source: Carriage Lane Properties Report a problem | ||
| 5/2/2017 | Listing removed | $1,100 |
Source: Carriage Lane Properties Report a problem | ||
| 3/8/2017 | Listed for rent | $1,100 |
Source: Carriage Lane Properties Report a problem | ||
| 8/24/2016 | Listing removed | $1,100+22.9% |
Source: Carriage Lane Properties Report a problem | ||
| 7/15/2016 | Sold | $950,000-4.8%$264/sqft |
Source: MetroList Services of CA #15024979 Report a problem | ||
| 3/5/2016 | Pending sale | $998,000$277/sqft |
Source: Coldwell Banker Residential Brokerage - Roseville-Granite Bay #15024979 Report a problem | ||
| 6/11/2015 | Price change | $998,000-16.8%$277/sqft |
Source: Coldwell Banker Residential Brokerage - Roseville-Granite Bay #15024979 Report a problem | ||
| 5/28/2015 | Price change | $1,200,000-17.2%$333/sqft |
Source: Coldwell Banker Residential Brokerage - Roseville-Granite Bay #15024979 Report a problem | ||
| 4/22/2015 | Listing removed | $895 |
Source: Owner Report a problem | ||
| 4/22/2015 | Listed for sale | $1,450,000+237.2%$403/sqft |
Source: Coldwell Banker Residential Brokerage - Roseville-Granite Bay #15024979 Report a problem | ||
| 4/5/2015 | Listed for rent | $895 |
Source: Owner Report a problem | ||
| 9/6/2012 | Sold | $430,000$119/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,041,735 +2% |
| 2025 | $11,431 +5.4% | $1,021,310 +2% |
| 2024 | $10,844 +1.8% | $1,001,285 +2% |
| 2023 | $10,657 +1% | $981,653 +2% |
| 2022 | $10,554 +1.6% | $962,406 +2% |
| 2021 | $10,392 +1.5% | $943,536 +1% |
| 2020 | $10,243 +0.5% | $933,862 +2% |
| 2019 | $10,194 +2.3% | $915,552 +2% |
| 2018 | $9,969 +1.6% | $897,600 +2% |
| 2017 | $9,813 +117.7% | $880,000 +124.2% |
| 2016 | $4,509 +3.4% | $392,484 +1.5% |
| 2015 | $4,362 | $386,627 +2.6% |
| 2014 | $4,362 | $376,702 +0.5% |
| 2013 | -- | $375,000 +31.4% |
| 2012 | -- | $285,334 |
| 2011 | -- | $285,334 +0.8% |
| 2010 | -- | $283,203 -0.2% |
| 2009 | -- | $283,878 +2% |
| 2008 | -- | $278,313 +2% |
| 2007 | -- | $272,857 +2% |
| 2006 | -- | $267,508 +2% |
| 2005 | -- | $262,263 +2% |
| 2004 | -- | $257,121 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 96150
Nearby schools
GreatSchools rating
- 5/10Tahoe Valley Elementary SchoolGrades: K-5Distance: 1.3 mi
- 4/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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