Newly Remodeled Triplex - Investment Opportunity in South Lake Tahoe. 3581 Bill Ave presents an opportunity to own a remodeled, semi-vacant triplex in one of South Lake Tahoe's most sought-after locations.Just a short walk to Lake Tahoe, Whole Foods, and restaurants, this property is perfect for an investor or owner-occupant looking to start fresh with new tenants in a modernized space. The backyard looks down on the Whole Foods parking lot, with trail access both to the Lake, and through the surround Bijou forest areas. Each of the three units has been thoughtfully updated with contemporary finishes, including brand-new kitchens, all new appliances, updated flooring, fresh paint, modern lighting, new gas fireplaces, and remodeled bathrooms. Located just minutes from Heavenly Ski Resort, Stateline entertainment, and the best beaches in Tahoe, this triplex offers the perfect blend of investment potential and lifestyle appeal. Whether you're looking for long-term rentals, or a house-hacking opportunity, this is a turn-key property ready for immediate income. Limited photos as we are finishing a few details on the property, in person tours are available, with a complete photo package coming later this month.Opportunities like this don't come often in Tahoe, reach out today for more details or to schedule a private tour.
For sale
$1,489,889
3581 Bill Ave, South Lake Tahoe, CA 96150
9beds
5baths
4,354sqft
Est.:
Triplex
Built in 1953
-- sqft lot
$1,383,600 Zestimate®
$342/sqft
$-- HOA
What's special
Modern lightingContemporary finishesFresh paintNew gas fireplacesBrand-new kitchensUpdated flooringRemodeled bathrooms
- 94 days
- on Zillow |
- 470 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: June 04, 2025 at 08:53am
Listed by:
Ryan S Smith 530-545-0045 rsmith@compass.com,
Compass
Source: STAOR,MLS#: 141255
Originating MLS: South Tahoe Association of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Forced Air, Separate Heat/Cool
Cooling
- Has cooling: Yes
Appliances
- Included: Sep. Water Heater, Gas Water Heater
Features
- High Speed Internet, 1st Unit: 3 Beds - 2 Baths, 2nd Unit: 3 Beds - 2 Baths, 3rd Unit: 3 Beds - 1 Bath
- Windows: Double Pane Windows
- Basement: Concrete/Crawl Space
Interior area
- Total structure area: 4,354
- Total interior livable area: 4,354 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,019 Square Feet
Details
- Parcel number: 027112005000
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Frame, Masonry
- Roof: Metal
Condition
- Year built: 1953
Utilities & green energy
- Sewer: City Sewer
- Water: City Water, Water Meter
- Utilities for property: Natural Gas Available, Cable Connected, High Speed Internet, Phone Connected
Community & HOA
Community
- Subdivision: Bijou Park
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $284,208
- Annual tax amount: $3,154
- Date on market: 3/5/2025
- Date available: 01/01/1800
- Ownership: Fee Simple
- Total actual rent: 0
- Tenant pays: All Utilities
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