705 Eloise Avenue, South Lake Tahoe, CA 96150
705 Eloise Avenue, South Lake Tahoe, CA 96150
705 Eloise Avenue, South Lake Tahoe, CA 96150
705 Eloise Avenue, South Lake Tahoe, CA 96150
705 Eloise Avenue, South Lake Tahoe, CA 96150
705 Eloise Avenue, South Lake Tahoe, CA 96150
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Lisa Valentine

Lisa Valentine

+1(775) 292-0809
$ 750,000
Est. payment | /mo

3 Beds

1,396 SqFt

Save
$ 750,000
Est. payment | /mo
Save

3 Beds

1,396 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,396 sqft

Price per Sqft $537

Subdivision Tahoe Island Park

MLS Listing ID 142568

Bedrooms 3

Year Built 1957

Lot Size 0.540 Acres

Acres 0.54

Property Sub-Type Duplex

Property Description

This South Lake Tahoe duplex with two separate cabins on one parcel offers a rare combination of rental income, development potential, and flexible living options in a highly desirable, walkable neighborhood near the beaches and public transportation.The front cabin, a 1 bedroom / 1 bathroom, has a long-term tenant in place for 12 years, providing immediate rental income. Tucked behind it, the fully renovated 2 bedroom / 2 bathroom cabin offers modern comfort and privacy, along with a covered workshop/porch areaperfect for storage, hobbies, or gear for Tahoe adventures.The property features ample off-street parking and is zoned for up to two additional units, creating exceptional upside for future development or expansion. A TRPA Land Use Verification is on file, confirming 3,228 square feet of remaining coverage, offering significant flexibility for building additional cabins or a primary residence.A previously existing well is currently inoperable but may be resurrected and used again, offering potential utility savings for future improvements (buyer to verify feasibility with appropriate agencies).Located in a walkable South Lake Tahoe neighborhood close to beaches, trails, and bus lines, this property is ideal for tenants, owner-occupants, or investors seeking a multi-unit income property with future build potential. Whether you're looking to live in one cabin, rent the others, and build your dream Tahoe home, or expand your rental portfolio, this is a rare opportunity to secure cash flow today with long-term upside tomorrow.

Location

State CA

County El Dorado

Area Tahoe Island Drive

Zoning Multi-Family

Interior

Heating Forced Air, Natural Gas

Cooling Forced Air, Natural Gas

Laundry In Unit

Exterior

Exterior Feature Storage Shed, Patio/Balcony

Utilities Available NaturalGasAvailable, Cable TV, Telephone, Water Meter

Roof Type Pitched,Composition

Building

Story One Story

Foundation Concrete/Crawl Space, Basement/Unfinished

Water Natural Gas

Others

Ownership Fee Simple

South Tahoe MLS (STAR)
Listed by Sierra Sotheby's International Realty

NEARBY SCHOOLS & PROPERTIES

Lisa Valentine

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(775) 292-0809

lisa@tahoereo.com

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705 Eloise Avenue