About This Home

This 0-bedroom, 0-bathroom multi-family at 920 Lapham Drive in South Lake Tahoe, CA is listed for $625,000 ($463 per sqft). Built in 1961, the home offers 1,350 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1961
  • 0.14 acre lot
  • Fireplace

Property Details

1961

Amenities

Fireplace
Listing Description

Charming South Lake Tahoe Duplex Ideal Investment or Owner-Occupant OpportunityCharming, well-maintained, and centrally located, this South Lake Tahoe duplex offers an excellent opportunity for both investors and owner-occupants. Conveniently situated near bike trails, shopping, dining, public transportation, and Lake Tahoe's beloved beaches, the p

roperty combines everyday convenience with easy access to the recreation and lifestyle that make Tahoe such a desirable place to live.Unit #1 Each unit features 1 bedroom and 1 bathroom, along with an EPA-compliant woodstove that provides additional warmth and cozy mountain ambiance during the winter months.

A freshly painted exterior and well-maintained grounds create an inviting first impression, while each residence enjoys its own private backyardperfect for outdoor relaxation, gardening, pets, or entertaining. A spacious parking area and flat topography provide easy, year-round access.

This tenant occupied unit has been well maintained.Unit #2 has been thoughtfully remodeled and features fresh interior paint, luxury vinyl plank flooring, and a fully renovated bathroom. The updated kitchen includes quartz countertops, new cabinetry, and new appliances, creating a clean, modern, move-in-ready space.Beyond its recent improvements an

d desirable location, this property offers an attractive alternative to the complexities of South Lake Tahoe's short-term vacation rental market. With limited availability for new vacation home rental permits within the city, a duplex provides the flexibility to generate income through traditional long-term rental use without relying on seasonal va

cation-rental demand.For an owner-occupant, the opportunity is especially compelling: live in one unit while renting the other and use the monthly rental income to help offset your mortgage and ownership costs. Each household can maintain its own private living space and backyard, and separate utilities help keep expenses straightforward.For an inv

estor, two individual units provide diversified rental income from a single property while avoiding many of the additional management demands, turnover costs, seasonal fluctuations, and regulatory considerations associated with short-term rentals.Whether you're looking for a Tahoe home with built-in income potential, a long-term investment property

, or a flexible combination of the two, this centrally located duplex offers a rare opportunity to own an income-producing property while enjoying everything South Lake Tahoe has to offer.

Monthly Cost Estimate

$3,343/mo

20% down · 6.5% · 30 years

Principal$452
Interest$2,708
Insurance$182

Estimates only. Actual payments may vary.

Location

920 Lapham Drive

South Lake Tahoe, CA 96150

Tallac Park

Features & Amenities

Interior Features

High Speed Internet

Exterior Features

Storage Shed

Property Details

Construction

Wood Frame Wood Siding

Heating

Fireplace(s)WoodSpace Heater

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 920 Lapham Drive is listed at $625,000 ($463/sqft). The estimated monthly payment is $3,342 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1961, 0.14 acre lot, Fireplace. Interior Features: High Speed Internet. Exterior Features: Storage Shed.

This property is listed by Jill Moffett.

JM

Jill Moffett

Agent at Chase International South Tahoe Realty

Listed by Chase International South Tahoe Realty · Broker phone: (530) 544-2121 · View on Broker Site · Broker website

MLS# 143413· Source: South Tahoe Association of REALTORS®· 77 days on PropertySimple

Copyright © 2026 South Tahoe Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

920 Lapham Drive, South Lake Tahoe, CA 96150

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