Home | El Dorado County | South Lake Tahoe | 96150 | 1129 Martin Ave
MLS: ME226094792 | Status: Active | Price: $649,950
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 1,253 | 4,792 | – |
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).
| Field | Value |
|---|---|
| MLS # | ME226094792 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 6 |
| Feature | Details |
|---|---|
| Appliances | Cooktop - Gas, Oven - Gas, Oven Range - Gas |
| Flooring | Laminate |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Metal |
| Foundation | Slab, Concrete Perimeter and Slab |
| Style | Cabin |
| Feature | Details |
|---|---|
| Garage/Parking | Street, Garage: 0 Car(s) |
| Elementary District | Lake Tahoe Unified |
| High School District | Lake Tahoe Unified |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | MDR |
Kylie Bowman
Foundation Real Estate
License #: 02263456
Phone: (916) 684-9731
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 0 | 0 | 0/0 | $1,400 |
| 2 | 400 | 1 | 1/0 | $1,325 |
| 3 | 400 | 1 | 1/0 | $1,350 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| South Tahoe Middle School | public | 6-8 | 0.82 mi | 4 |
| Elevated Digital Learning Academy | public | K-12 | 0.95 mi | 4 |
| Tahoe Valley Elementary School | public | K-5 | 1.34 mi | 5 |
| Bijou Community School | public | K-5 | 1.49 mi | 7 |
| Sierra House Elementary School | public | K-5 | 1.49 mi | 6 |
| Mt. Tallac High School | public | 9-12 | 2.20 mi | 1 |
| South Tahoe High School | public | 9-12 | 2.20 mi | 7 |
| Meyers Elementary | public | K-5 | 5.00 mi | 7 |
©2026 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 04, 2026. For the most current information, please contact Kylie Bowman, (916) 684-9731.