937 3rd St 4plex w/ Commercial Yard

For Sale

937 3rd St, South Lake Tahoe, CA 96150

This South Lake Tahoe property for sale is located at 937 3rd St. The current listed sale price for 937 3rd St 4plex w/ Commercial Yard is $975,000. 937 3rd St 4plex w/ Commercial Yard is situated on a lot that is 0.5 acre in size.

Contacts

Scott Fair

NAI Tahoe Sierra

Property Details

  • Property Type Multi-Family
  • Property Size 2,228 SF
  • Units 5
  • Lot Size 0.5 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1949
  • Year Renovated 1960
  • Date Updated Sep 26, 2026
Located on 3rd Street in South Lake Tahoe, with convenient access to neighborhood services, area employment, recreation, and regional transportation routes.937 3rd Street is a four-unit multifamily investment property in South Lake Tahoe featuring a diversified unit mix of one two-bedroom/one-bath apartment, three one-bedroom/one-bath apartments, and a rented commercial yard. The property’s current residential rents are well below prevailing market levels, offering investors meaningful potential income upside. Three apartments are occupied on month-to-month terms, while the one-bedroom unit associated with the garage is on an annual lease. All units are individually metered, and three of the four units feature washer/dryer hookups. Built in 1949, the two-story, 2,228-square-foot building sits on approximately 0.50 acre and provides existing in-place income, a garage component, and additional revenue from the yard.
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Highlights

  • All units are individually metered; three feature washer/dryer hookups
  • Four-unit South Lake Tahoe multifamily property with one 2BR/1BA and three 1BR/1BA apartments
  • In-place residential rents are well below prevailing market levels, providing significant income upside
  • One-bedroom unit includes an associated garage
  • Rented commercial yard generates additional income
  • Three month-to-month tenancies and one annual lease

Attachments

Getting around

  • 60/100

    Walk Score ®

  • 71/100

    Bike Score ®

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Location

  • City South Lake Tahoe, CA
  • Neighborhood Tahoe Island Drive
  • Zip Code 96150
  • Market Sacramento

Points of Interest

  • Chevron

    0.36 miles

  • Swiss Mart Food and Gas

    0.39 miles

  • Raley's aisle 1

    0.47 miles

  • Mobil

    0.68 miles

  • U.S. Gasoline

    0.72 miles

  • Shell

    0.86 miles

  • American Gasoline

    1.39 miles

  • Safeway Fuel Station

    2.54 miles

  • Chevron South Tahoe

    3.07 miles

  • Tahoe Tom's

    3.95 miles

  • Lakeview Commons Public Parking

    2.17 miles

  • Employee Parking

    2.74 miles

  • Tallac Site Parking

    2.90 miles

  • High Meadows Trailhead parking lot

    3.23 miles

  • Tallac Trailhead Parking

    3.64 miles

  • Glen Alpine Trailhead

    5.16 miles

  • Bayview Trailhead Parking

    5.61 miles

  • Berkeley Camp Parking Lot

    6.56 miles

  • Echo Lake Sno-Park

    6.81 miles

  • F Lot

    9.04 miles

  • Matterhorn Motel

    0.14 miles

  • Tahoe Valley Lodge

    0.21 miles

  • Motel 6 South Lake Tahoe

    0.46 miles

  • Washoe Motel

    0.62 miles

  • The Red Lodge

    0.64 miles

  • Emerald Bay Lodge

    0.64 miles

  • Tahoe Retreat & Spa

    0.69 miles

  • Apex Inn

    0.71 miles

  • Playpark Lodge

    0.78 miles

  • Cedar Pines Resort

    0.84 miles

  • Smart & Final Extra!

    0.30 miles

  • TJ Maxx

    0.33 miles

  • Grocery Outlet

    0.48 miles

  • Raley's

    0.53 miles

  • Swiss Chalet Village

    0.85 miles

  • Ross

    1.69 miles

  • Safeway

    2.51 miles

  • Whole Foods Market

    2.97 miles

  • The Shops at Heavenly Village

    4.07 miles

  • Holiday Market

    4.39 miles

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