Martin Avenue
South Lake Tahoe, CA 96150
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 out 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).
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Window Feature: Dual Pane Partial,Window Coverings,Window ScreensWater/Sewer
Sewer: Sewer in Street, Public Sewer -
Flooring Information
Laminate -
Roofing Information
Metal -
Interior Features
Roof: Metal Appliances: Free Standing Gas Oven, Free Standing Gas Range, Gas Cook Top Laundry Features: Varies by Unit -
Heating & Cooling
Heating: Wall Furnace Cooling: None WaterSource: Public
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Building Information
Year Built: 1958 Stories: 1 Construction Materials: Frame, Wood Basement: None Roof: Metal Foundation Details: Slab -
Exterior Features
Yard SpaceFoundation Details: Slab -
Laundry Features
Varies by Unit
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Lot Information
Lot Description: Shape Regular Lot Square Feet: 4,792 Stories: 1 Main Square Feet: 1,253 Topography: Snow Line Above, LevelProperty Information
Property Type: Residential Income Sub Type: Triplex Style: Cabin SQ ft (Living Area): 1,253 Subdivision: Tahoe Sierra 03 Source Neighborhood: Tahoe Sierra 03 Construction Materials: Frame,Wood Property Age: 68 Cross Street: Omalley Drive Source Neighborhood: 13301 Area: South Lake Tahoe S: 96150 Zoning: MDR Living Area Source: Assessor Auto-Fill Structure Type: ApartmentsFarm Info
Irrigation Source: Public District
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Listing Price Information
Listing Id: 226094792 List Price: $649,950 List Price Tot SqFt: $519
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Tax Information
Parcel Number: 031-164-011-000
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Parking Information
Parking Total: 4 Open, Street
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Elementary School District: Lake Tahoe UnifiedJunior High School District: Lake Tahoe UnifiedSenior High School District: Lake Tahoe Unified
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Utility Information
Electric, Natural Gas Connected Electric: 220 Volts -
Location Information
Direction: Hwy 50 to Omalley. Right on Omalley then right on Martin Avenue.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Pioneer Trail, South Lake Tahoe, CA, 96150 | $1,149,000 | -- | -- | -- | |
| 2218 Lake Tahoe Boulevard, South Lake Tahoe, CA, 96150 | $1,410,000 | -- | -- | 4,980 | 4,980 SqFt |
ByOwner last updated this listing 08/02/2026 @ 11:48
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