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$975,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 hours ago
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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.

Full Property Details for 937 3rd St

General

  • Price: $975,000
  • Status: Active
  • Type: Multi-Family
  • Source: South_Tahoe_MLS
  • MLS ID: 143408
  • Updated: Today (8/26/2026)
  • Added to Site: Today

Rooms

Other Rooms

  • Laundry: In Unit

Location

  • Area: Tahoe Island Park
  • County: El Dorado
  • Subdivision: Unavail
  • Cross Streets: Eloise

Heating & Cooling

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

Structural Information

  • Construction Status: Wood Frame
  • Construction: Wood Frame
  • Foundation: Concrete/Crawl Space
  • Roof: Composition
  • Windows/Doors: Double Pane
  • Entry Location: Two Story
  • Stories/Levels: Two Story
  • Year Built: 1949

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size Source: Assessor

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Listing agent

— 937 3rd St —

sfair@naitahoesierra.com;530-525-2304

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 937 3rd St

School District:Lake Tahoe Unified School District
NameGradesDistance
Tahoe Valley Elementary School
943 Tahoe Island Drive, South Lake Tahoe, CA 96150
K-50.2 mi
South Tahoe Middle School
2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
6-81.8 mi
South Tahoe High School
1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150
9-121 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 937 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/26/2026
Listed
$975,000
567.81%
MLS
12/16/1999
Sold
$146,000
—
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 937 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,628
7%
$224,363
2%
2023
$2,457
—
$219,965
2%
2023
$2,457
1%
$215,653
2%
2022
$2,434
2%
$211,426
2%
2021
$2,398
1%
$207,282
1%
2020
$2,364
—
$205,158
2%
2019
$2,353
2%
$201,136
2%
2018
$2,304
2%
$197,193
2%
2017
$2,269
2%
$193,328
2%
2016
$2,225
1%
$189,538
2%
2015
$2,202
2%
$186,693
2%
2014
$2,158
—
$183,037
—
2013
$2,152
—
$182,212
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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937 3rd Street, South Lake Tahoe, CA 96150 (MLS# 143408) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 937 3rd Street is currently listed for $975,000 and was received on August 26, 2026. Want to learn more about 937 3rd Street? 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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