Date
Details
Price
Change
Source
8/01/2026
Listed
$649,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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).
Full Property Details
Full Property Details for 1129 Martin Ave
General
- Price: $649,950
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226094792
- Updated: 8/1/2026
- Added to Site: 2 day(s) ago
Rental Information
- Lease/Rent Term: Varies By Unit
Interior
- Appliances: Free Standing Gas Oven, Free Standing Gas Range, Gas Cook Top
- Flooring: Laminate
Rooms
Other Rooms
- Laundry: Varies by Unit
Exterior
- Exterior Features: Yard Space
Parking
- Total Spaces: 4
- Parking: Open, Street
Location
- Area: 13301
- County: El Dorado
- Subdivision: Tahoe Sierra 03
- Cross Streets: Omalley Drive
- Driving Directions: Hwy 50 to Omalley. Right on Omalley then right on Martin Avenue.
School Information
- School District: El Dorado
- Elem School District: Lake Tahoe Unified
- Midd School District: Lake Tahoe Unified
- High School District: Lake Tahoe Unified
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Sewer in Street, Public Sewer
- Water: Public
- Utility Description: Electric, Natural Gas Connected
Structural Information
- Architectural Style: One Story Cabin
- Construction Status: Varies by Unit
- Construction: Frame, Wood
- Basement Desc.: None
- Foundation: Slab
- Roof: Metal
- Windows: Dual Pane Partial, Window Coverings, Window Screens
- Stories/Levels: 1
- Square Feet: 1,253
- Sq. Ft. Source: Assessor Auto-Fill
- Year Built: 1958
Unit Information
Unit 2
- Bedrooms: 1
Unit 3
- Bedrooms: 1
Lot Features
- Property View: Woods
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,792
- Irrigation System: Public District
- Topography: Snow Line Above, Level
- Zoning: MDR
- Lot Description: Shape Regular
Financial Considerations
- Tenant Pays: Rent Only
Disclosures and Reports
- Special Conditions: Trust
- APN: 031-164-011-000
Listed by Foundation Real Estate
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Listing agent
— 1129 Martin Ave —
Foundation Real Estate
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Schools
Schools serving 1129 Martin Ave
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Tahoe Valley Elementary School 943 Tahoe Island Drive, South Lake Tahoe, CA 96150 | K-5 | 1.3 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 0.8 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1129 Martin Ave
Tax History
Tax History for 1129 Martin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,429
7%
$117,084
2%
2023
$1,339
—
$114,790
2%
2023
$1,339
1%
$112,540
2%
2022
$1,327
1%
$110,334
2%
2021
$1,308
1%
$108,171
1%
2020
$1,290
—
$107,062
2%
2019
$1,284
2%
$104,964
2%
2018
$1,258
2%
$102,907
2%
2017
$1,239
2%
$100,890
2%
2016
$1,216
1%
$98,913
2%
2015
$1,204
2%
$97,430
2%
2014
$1,185
—
$95,523
—
2013
$1,181
—
$95,094
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1129 Martin Ave
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Sold by Non-MLS Office
Sold by Non-MLS Office
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Sold by Mountain Luxury Properties, Megan Waskiewicz
1129 Martin Avenue, South Lake Tahoe, CA 96150 (MLS# 226094792) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1129 Martin Avenue is currently listed for $649,950 and was received on August 01, 2026. Want to learn more about 1129 Martin Avenue? Do you have questions about finding other Single Family real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.