About This Property
Five-unit multifamily in the centrally located Stateline area of South Lake Tahoe. Ideally located within walking distance of the bus route, Heavenly Village, casinos, restaurants, shopping, and one of the area's largest employment centers, the property benefits from a consistently strong rental market and a historically low vacancy rate.The property consists of two one-bedroom, one-bath units and three studio apartments, all of which are currently tenant occupied. Covered parking is available for four of the units, a valuable amenity that adds convenience for tenants year-round.Additional features include a spacious basement/storage area that provides ample room for owner storage, maintenance supplies, or potential future utility. With its prime location, rental history, and desirable unit mix, this is an excellent opportunity for investors seeking an investment in one of South Lake Tahoe's strongest rental corridors. Whether you're looking to expand your investment portfolio or acquire a well-positioned income property, 3686 Primrose Road is a property that deserves strong consideration.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 3686 Primrose Road, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.
Verify on Tahoe Info ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
