$665,000 Active
2567 Armstrong Avenue
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
4 Beds
·
2,048 Sq Ft

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why TRPA land coverage Room to build 984 of 1,503 sq ft used Home insurance $4,800 – $5,600/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Great investment opportunity in the heart of South Lake Tahoe! This well-maintained, side-by-side duplex offers a convenient central location with easy access to shopping, restaurants, public transportation, and everything South Lake Tahoe has to offer.Each unit features 2 bedrooms and 1.5 bathrooms, with functional two-story floor plans that provide separation between the living and sleeping areas. Both units feature wood-burning fireplaces, private in-unit laundry, and their own fenced backyards, offering comfort and privacy for each residence.Unit 1 is currently occupied by a month-to-month tenant and features wood-beamed ceilings and a private fenced backyard. Unit 2 is vacant and move-in ready, featuring fresh interior paint, new carpeting, a wood-burning fireplace, and its own private fenced backyard.With one unit occupied and the other vacant, this property offers excellent flexibility for an investor looking to generate rental income or an owner-occupant interested in living in one unit while renting out the other to help offset ownership costs. A great opportunity to own a versatile income-producing property in a convenient, centrally located South Lake Tahoe neighborhood.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Active
MLS # 143593
Days on Market 1
Price/Sq Ft $325

Property History

Oct 22, 2026
Listed for sale
$665,000
Property Overview
Beds 4
Sq. Ft. 2,048
Lot Size 0.12 acres
Year Built 1976
Property Type Duplex
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031123018000
Parking
Total Parking 4
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas, Electric, Wall or Space Heater, Baseboard, Fireplace
Cooling None
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
43
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 2567 Armstrong Avenue, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 43 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
984 sq ft covered of 1,503 sq ft allowed
520 sq ft of coverage still available to add.
Parcel Size
5,011 sq ft
Allowed Coverage
1,503 sq ft · 30%
Existing Coverage
984 sq ft · 20%
Addable Coverage
520 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$4,800 – $5,600/yr
about $433/mo
Est. Rebuild Cost (Coverage A)
$860,160
FAIR Plan (fire)
$4,000/yr
DIC wrap (theft, water, liability)
$800 – $1,600/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$4,403 per month
Principal & interest
$3,363/mo
Property taxes
$607/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$433/mo
CA FAIR Plan + DIC estimate, ~$4,800–$5,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($133,000)
Home price
$665,000
Loan details
30-yr fixed, 6.5%
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