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$695,000 Just Listed
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Property Description
Great opportunity situated on a corner lot in South Lake Tahoe's beloved Tahoe Island neighborhood. This listing includes two separate homes on a single parcel, offering a level of flexibility that's hard to come by in the Tahoe market.The main home is a two bedroom one bath with a one car garage. An additional one bedroom one bath home sits alongside it. Both are ready for a new owner to update them and make them their own. Tahoe Island is one of those neighborhoods that locals genuinely love. It's established, peaceful, and well located in South Lake Tahoe close to the lake, the mountains, and everything that makes Tahoe living worth it.The options here are real. Live in one home and rent the other. Use both as income generating rentals. Renovate and hold. The South Lake Tahoe rental market is strong year-round, and a two-unit property gives you room to build a strategy that fits your goals.The seller is also open to financing the property which can be a meaningful advantage for creative deal structures.Dual unit properties with this kind of upside don't sit on the market long. If you've been waiting for the right Tahoe investment or a home with real income potential, this is worth a closer look.
Full Property Details
Full Property Details for 2165 Butler Ave
General
- Price: $695,000
- Status: Active
- Type: Duplex
- Source: South_Tahoe_MLS
- MLS ID: 142989
- Updated: 5/28/2026
- Added to Site: 2 day(s) ago
Location
- Area: Tahoe Island Drive
- County: El Dorado
- Subdivision: Tahoe Island Park 1
- Cross Streets: Tahoe Island
- Driving Directions: North on Tahoe Island > On the corner of Tahoe Island and Butler Ave
Heating & Cooling
- Heating Type: Wall or Space Heater
- Water Heater: Other/See Remarks
Utilities
- Utility Description: NaturalGasAvailable, Cable TV
Structural Information
- Construction Status: Wood Frame, Wood Siding
- Construction: Wood Frame, Wood Siding
- Foundation: Concrete/Crawl Space
- Roof: Composition, Shingle
- Windows/Doors: Single Pane, Storm Windows
- Entry Location: One Story
- Stories/Levels: One Story
- Year Built: 1958
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2
- Lot Size Source: Assessor
Financial Considerations
- Price Per Acre: $3,475,000
Disclosures and Reports
- CC&Rs: Yes
Get Pre-Approved Today
Schools
Schools serving 2165 Butler 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 | 0.5 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 2.1 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 1.1 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 2165 Butler Ave
Date
Details
Price
Change
Source
5/28/2026
Listed
$695,000
405.45%
MLS
9/27/1993
Sold
$137,500
—
Public Record
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
Tax History for 2165 Butler Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,680
7%
$233,657
2%
2023
$2,502
—
$229,077
2%
2023
$2,502
1%
$224,586
2%
2022
$2,478
2%
$220,183
2%
2021
$2,441
1%
$215,867
1%
2020
$2,406
1%
$213,654
2%
2019
$2,394
2%
$209,466
2%
2018
$2,342
2%
$205,360
2%
2017
$2,306
2%
$201,335
2%
2016
$2,261
1%
$197,388
2%
2015
$2,237
4%
$194,425
2%
2014
$2,160
—
$190,619
—
2013
$2,154
—
$189,760
—
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 2165 Butler Ave
2165 Butler Avenue, South Lake Tahoe, CA 96150 (MLS# 142989) is a Duplex property with 0 bedrooms and 0 full bathrooms. 2165 Butler Avenue is currently listed for $695,000 and was received on May 28, 2026. Want to learn more about 2165 Butler Avenue? Do you have questions about finding other Duplex 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.

