Turnkey Multi-Family Gem in Incline Village - Fully Remodeled; and five of the units are currently rented long term! Don't miss this rare 6-unit investment in a prime low-elevation location—no HOA, seller has one STR permit, but buyer will have to get their own. Potential for a 5.5% cap rate. Includes (1) spacious 2-bed/2.5-bath with luxury finishes, peek lake views, and large deck, (3) stylish 1-bed/1.5-baths with sleek design, peek lake views, and private decks, and (2) fully equipped studios. All units feature high-end finishes, in-unit laundry, and come mostly furnished with household items—truly turnkey. Rent short, mid, or long term for maximum flexibility. Bonus: 4-car garage offers added income potential or storage. Comes with 20 IVGID passes, granting access to Incline's private beaches, golf courses, and rec centers. Live-in or STR the two-bedroom unit, rent the other five, and let Tahoe elevate your lifestyle—and your portfolio!
For sale
$3,550,000
347 Cottonwood Ct, Incline Village, NV 89451
--beds
--baths
4,872sqft
Est.:
Multi Family
Built in 1973
-- sqft lot
$3,274,100 Zestimate®
$729/sqft
$-- HOA
What's special
Sleek designLuxury finishesFully equipped studiosPeek lake viewsIn-unit laundryLarge deckPrivate decks
- 31 days
- on Zillow |
- 393 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: May 23, 2025 at 12:37pm
Listed by:
John Eppolito DRE #01221678 775-832-8246,
Coldwell Banker Select Real Es
Source: TSMLS,MLS#: 20251054

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- CFAH, Natural Gas, Electric
Interior area
- Total interior livable area: 4,872 sqft
Property
Parking
- Parking features: Black Top
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Peek
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.32 Acres
- Features: STREET
- Topography: Level,Upslope
Details
- Parcel number: 12492122
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: MOUNTAIN
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Utility District
- Water: Utility District
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Subdivision: SurroundingArea
Location
- Region: Incline Village
Financial & listing details
- Price per square foot: $729/sqft
- Tax assessed value: $519,403
- Annual tax amount: $7,680
- Price range: $3.6M - $3.6M
- Date on market: 5/23/2025
- Listing agreement: EXCLUSIVE RIGHT
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