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1222 Sierra Boulevard, 
South Lake Tahoe, CA 96150

$1,350,000

—

Bed

—

Bath

3,600

Sq Ft

Multi-Family

Active

Listed by

Michelle A Blue-Benedict

, 

Sarah K Benedict

Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Last updated:

December 17, 2025, 07:41 PM

MLS#

141797

Source:

CA STAR

About This Home

1222 Sierra Boulevard

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.

Home Facts

Multi-Family

Built in 1960

Price Summary

1,350,000

$375 per Sq. Ft.

MLS #:

141797

Last Updated:

December 17, 2025, 07:41 PM

Added:

6 month(s) ago

Rooms & Interior

Interior

Living Area:

3,600 Sq. Ft.

Structure

Structure

Building Area:

3,600 Sq. Ft.

Year Built:

1960

Lot

Lot Size (Sq. Ft):

5,227

Finances & Disclosures

Finances

Price:

$1,350,000

Price per Sq. Ft:

$375 per Sq. Ft.

Source:CA STAR
The information being provided by South Tahoe Association Of REALTORS® Inc Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the South Tahoe Association Of REALTORS® Inc Mls. Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe, a broker participant of South Tahoe Association Of REALTORS® Inc Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by South Tahoe Association Of REALTORS® Inc Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 South Tahoe Association Of REALTORS® Inc Mls. All rights reserved.

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