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$1,150,000
3,876 SqFt. ⋅ 226108183 MLS
Four-Unit Apartment Complex Investor Opportunity Well-maintained four-unit apartment complex featuring four spacious 2-bedroom, 2-bath units, each thoughtfully designed with a kitchen, separate dining area, and excellent private outdoor space. Upper units offer private patios, while lower units feature sliding glass doors leading to covered private front patios plus private fenced backyards an attractive feature for tenants. Each unit includes a master bathroom with separate vanity area, split-system heating and air conditioning installed in 2022, and a private covered storage unit measuring approximately 4' x 12'. Three of the four units have newly installed ceiling fans. One upper unit features newer showers and toilets, approximately one year old. Two units were remodeled approximately five years ago with durable commercial-strength vinyl flooring, new kitchen cabinets and countertops, and new dishwashers, ovens, and range hoods. Unit #6 also features a brand-new dishwasher. Additional property amenities include a community laundry room with space for one washer and one dryer; the washer and dryer are not currently provided and would need to be supplied by the property owner. The property also features a newer roof, approximately seven years old, with a favorable recent roof inspection. Eight total parking spaces are available, including covered assigned parking. The low-maintenance grounds feature an outdoor common area, established landscaping with drip irrigation, and no grass to mow. A side yard offers potential for a community or residential garden area. Conveniently located near schools and public transportation, this well-maintained property offers desirable unit layouts, private outdoor spaces, storage, parking, and numerous recent improvements make this an appealing investment opportunity.

4184 Oro Lane, El Dorado

Listing courtesy of Vista Sotheby's International Realty.

$849,000
2,792 SqFt. ⋅ 226100734 MLS
Welcome to 3673 Spruce Ave, a well-located South Lake Tahoe quadruplex property offering an exceptional opportunity for an owner-occupant, second-home owner, vacation property buyer, or investor. This 4-bedroom, 4-bath property offers approximately 2,792 square feet and was built in 1966, providing a versatile layout with excellent potential in one of Lake Tahoe's most sought-after destinations. Ideally situated just minutes from Heavenly Mountain Resort, Stateline casinos, and the shores of Lake Tahoe, the property places you close to year-round recreation, shopping, dining, entertainment, and outdoor adventure. Enjoy convenient access to Heavenly Village, Whole Foods Market, nearby beaches, restaurants, ski and boat rentals, and the shuttle to Heavenly, making it easy to enjoy Tahoe without having to rely on a car. Outdoor enthusiasts will appreciate the proximity to world-class skiing and snowboarding, hiking, biking, boating, paddle boarding, and the area's beautiful beaches. The surrounding towering pine trees create the quintessential Tahoe setting, while the outdoor space offers an opportunity to relax and enjoy the mountain atmosphere after a day on the slopes or at the lake. Whether you're looking for a primary residence, vacation getaway, second home, or income-producing investment, this property offers flexibility and an enviable location with the potential to maximize the Tahoe lifestyle and investment opportunity. Don't miss your chance to own a quadruplex property in the heart of South Lake Tahoe, close to everything that makes this area a year-round destination. DO NOT DISTURB TENANTS

3673 Spruce Avenue, South Lake Tahoe

Listing courtesy of Garner Real Estate.

$860,000
3,000 SqFt. ⋅ 226066987 MLS
PRICE REDUCED & GREAT CONDITION: 3237 Francis Avenue, a rare updated 4-unit, all 2bed, investment opportunity in the historic Gold Country community of Placerville, CA. Three year old roof, new electrical meters, new propane tanks, all washouts and main water lines recently cleaned! Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville's multifamily market is uniquely supply-constrained. With a population of 10,656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownershipdriven by elevated purchase prices and interest ratesfurther constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning.

3237 Francis Avenue, Placerville

Listing courtesy of ALIVE Commercial 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 .

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