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$1,350,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago
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Multi-Family Investment Opportunitywith Bonus Lot!Fully occupied and ideally located, this 8-unit apartment building at 1222 Sierra Blvd presents a strong income opportunity with room for long-term value growth. The property includes a mix of studio and 1-bedroom units, some with in-unit laundry hookups, and is well-suited for long-term tenants seeking central access to all South Lake Tahoe has to offer.Included in the sale is the adjacent lot at 2544 Rose Ave (separate APN), currently used as a private parking lot exclusively for tenant usean added amenity rarely available in multifamily offerings. Both parcels are being sold together, providing expanded utility and future potential.Offered CAP Rate: 6.46% -- this CAP rate on a fully occupied, well-managed property in South Lake Tahoe is competitive and realistic given current market dynamics.

Full Property Details for 1222 Sierra Blvd

General

  • Price: $1,350,000
  • Status: Active
  • Type: Multi-Family
  • Source: South_Tahoe_MLS
  • MLS ID: 141797
  • Updated: 1/9/2026
  • Added to Site: 217 day(s) ago

Rooms

Other Rooms

  • Laundry: Other/See Remarks

Location

  • Area: Tahoe-Sierra
  • County: El Dorado
  • Subdivision: Unavail
  • Cross Streets: Rose Ave
  • Driving Directions: From highway 50 turn on to Sierra Blvd, building is at the corner of Sierra and Rose. Parking area is located on Rose ave

Heating & Cooling

  • Heating Type: Natural Gas, Wall or Space Heater
  • Water Heater: Natural Gas

Utilities

  • Utility Description: NaturalGasAvailable, Cable TV, Telephone

Structural Information

  • Construction Status: Wood Frame, Wood Siding
  • Construction: Wood Frame, Wood Siding
  • Foundation: Slab
  • Roof: Composition
  • Windows/Doors: Double Pane
  • Entry Location: Two Story
  • Stories/Levels: Two Story
  • Year Built: 1960

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1

Unit 4

  • Total Bathrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1

Unit 8

  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size Source: Assessor
  • Zoning: Multi-Family

Financial Considerations

  • Price Per Sq. Ft.: $375
  • Price Per Acre: $11,250,000

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Listing agents

— 1222 Sierra Blvd —

info@homestahoe.com;530-308-4762

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1222 Sierra Blvd

School District:Lake Tahoe Unified School District
NameGradesDistance
Tahoe Valley Elementary School
943 Tahoe Island Drive, South Lake Tahoe, CA 96150
K-51.2 mi
South Tahoe Middle School
2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
6-81.2 mi
South Tahoe High School
1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1222 Sierra Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2025
Listed
$1,350,000
42.11%
MLS
7/13/2016
Sold
$950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1222 Sierra Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,431
7%
$1,021,310
2%
2023
$10,657
—
$1,001,285
2%
2023
$10,657
1%
$981,653
2%
2022
$10,554
2%
$962,406
2%
2021
$10,392
1%
$943,536
1%
2020
$10,243
—
$933,862
2%
2019
$10,194
2%
$915,552
2%
2018
$9,969
2%
$897,600
2%
2017
$9,813
118%
$880,000
126%
2016
$4,509
1%
$390,084
2%
2015
$4,463
-11%
$384,227
2%
2014
$5,035
16%
$376,702
—
2013
$4,350
—
$375,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1222 Sierra Boulevard, South Lake Tahoe, CA 96150 (MLS# 141797) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1222 Sierra Boulevard is currently listed for $1,350,000 and was received on June 16, 2025. Want to learn more about 1222 Sierra Boulevard? Do you have questions about finding other Multi-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.

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