937 3rd St 4plex w/ Commercial Yard

Investment Overview

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.

Investment Highlights

• 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
• Rented commercial yard generates additional income
• Three month-to-month tenancies and one annual lease
• All units are individually metered; three feature washer/dryer hookups
• One-bedroom unit includes an associated garage