$597,900

3761 Ruby Way South Lake Tahoe, CA 96150

Estimated payment $3,298/month

4 Beds
2 Baths
1,664 Sq Ft
$359 Price per Sq Ft

Highlights

  • Fireplace
  • Wood Siding
  • 1-Story Property
  • Double Pane Windows

About This Home

Income Opportunity + Prime Heavenly LocationExceptional investment opportunity at the base of Heavenly Ski Resort! This well-maintained duplex features two remodeled 2-bedroom, 1-bath units, each offering approximately 820 square feet of comfortable mountain living in one of South Lake Tahoe's most desirable locations.Just blocks from Stateline, Ski Run Boulevard, renowned beaches, dining, nightlife, and year-round recreation, this property places the very best of the Tahoe lifestyle right at your doorstep. Whether you're seeking strong rental income, a vacation retreat with supplemental income, or the flexibility to occupy one unit while renting the other, this property offers outstanding versatility and value.Set on a sunny, generously sized parcel, residents can enjoy Tahoe's four-season beauty from the inviting front porch or private rear balcony spaces. Additional amenities include a shared two-car carport at street level, terraced outdoor areas, and a lower-level common space featuring laundry hookups and abundant storage.Rarely does an opportunity combine location, income potential, and lifestyle quite like this. Enjoy the benefits of ownership in a prime Tahoe setting just minutes from skiing, beaches, casinos, hiking, biking, and everything that makes Lake Tahoe such an extraordinary place to live and invest.Live in one, rent the other or maximize income potential in this high-demand Heavenly neighborhood. Opportunities like this are increasingly hard to find.

Listing Agent

Bret Howard

Berkshire Hathaway HS - SLT License #02099493 Listed on: 05/19/2026

Berkshire Hathaway HS - SLT

Co-Listing Agent

Deb Howard

Berkshire Hathaway HS - SLT License #00799233

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,100 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4 Bedrooms
  • 1,664 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Double Pane Windows
  • Unfinished Basement
  • Crawl Space

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 028121017000

Community Details

Overview

  • 2 Units
  • Heavenly View Terrace Subdivision

Building Details

  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

6,100 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Water Source: City Water
  • Property Subtype: Duplex
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Year Built: 1961
  • Miscellaneous: Separate Heat/Cool, Tenant Pays Utlities
  • Directions: Ski Run to David to Ruby Way
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Heavenly View Terrace
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Windows: Single Pane, Double Pane
  • Bedrooms: 4
  • Price Per Square Foot: 359.31
  • Square Footage: 1664.00
  • Number Of Stories: One Story

Exterior Features

  • Construction: Wood Frame, Wood Siding
  • Foundation: Concrete/Crawl Space, Basement/Unfinished
  • Roof: Pitched, Composition

Garage/Parking

  • Number Grge Crprt: 2

Utilities

  • Heating/Cooling: Natural Gas, Wall or Space Heater, Fireplace
  • Utilities: NaturalGasAvailable, Water Meter
  • Water Heater: Natural Gas
  • Water Test: Yes

Lot Info

  • Acres: 0.1400
  • Lot Measurement: Square Feet
  • Lot Sq Ft: 6100.00
  • Price Per Acre: 4270714.29

Tax Info

  • Assessor Parcel Number: 028121017000

Multi Family

  • Total Units: 2
  • First Unit Bedrooms Bathrooms: 2 Beds - 1 Bath
  • Unit 2 Bedrooms Bathrooms: 2 Beds - 1 Bath

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,319 $115,424 $16,137 $99,287
2024 $1,319 $113,162 $15,821 $97,341
2023 $1,298 $110,944 $15,511 $95,433
2022 $1,285 $108,769 $15,207 $93,562
2021 $1,266 $106,637 $14,909 $91,728
2020 $1,249 $105,545 $14,757 $90,788
2019 $1,243 $103,476 $14,468 $89,008
2018 $1,217 $101,448 $14,185 $87,263
2017 $1,199 $99,459 $13,907 $85,552
2016 $1,176 $97,510 $13,635 $83,875
2015 $1,131 $96,047 $13,431 $82,616
2014 $1,131 $94,168 $13,169 $80,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2026 05/19/26 For Sale $597,900 -- $359 / Sq Ft
Source: South Tahoe Association of REALTORS®

Source: South Tahoe Association of REALTORS®

MLS Number: 142933

South Tahoe Association of REALTORS®

APN: 028-121-17-100

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