Tahoe Sierra 03 Homes with Triplex Property Subtype

Welcome to Tahoe Sierra 03, a picturesque neighborhood nestled in the heart of South Lake Tahoe, California. Known for its stunning natural beauty and vibrant community spirit, Tahoe Sierra 03 offers a unique blend of outdoor adventure and serene living. With the majestic Sierra Nevada mountains as your backdrop, residents enjoy year-round recreational activities, from skiing and snowboarding in the winter to hiking, biking, and water sports in the warmer months.

This charming neighborhood is characterized by its friendly atmosphere and close-knit community, making it an ideal place for families, retirees, and outdoor enthusiasts alike. With easy access to local amenities, including shops, restaurants, and schools, Tahoe Sierra 03 provides the perfect balance of convenience and tranquility.

One of the standout features of this area is the availability of triplex properties. These homes offer an excellent investment opportunity, allowing homeowners to enjoy the benefits of multi-family living while also generating rental income. Perfect for those looking to maximize their real estate portfolio, triplex properties in Tahoe Sierra 03 provide ample space and flexibility. Imagine living in one unit while renting out the others, or accommodating extended family with ease.

With its captivating landscapes, recreational opportunities, and strong sense of community, Tahoe Sierra 03 is not just a place to live; it’s a lifestyle choice. Whether you’re looking for your forever home or a savvy investment, this neighborhood is sure to charm you with its unique offerings and welcoming spirit. Discover the magic of Tahoe Sierra 03 today!

Newest Tahoe Sierra 03 Homes with Triplex Property Subtype

$649,950

1,253 SqFt. ⋅ 226094792 MLS

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).

1129 Martin Avenue, South Lake Tahoe

Listing courtesy of Foundation Real Estate.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .