Chris Gallagher | Lake Tahoe Real Estate | North Lake Tahoe Investor

Multi-Family Investment · Active · Price Improved · MLS# 20260680

3-Unit Income Property

Listed by Tahoe Properties
Hester Real Estate

$1,150,000

$1,250,000

−$100,000 · Price reduced July 29, 2026

1335 N Lake Blvd · Tahoe City, CA 96145

Listing Agent — Brad Hester
Tahoe Properties — Hester Real Estate · (530) 277-1336 · laketahoehester@gmail.com

3Income Units

$383KPer Unit

2 + 1STR + Long-Term

Studio · Long-term rentalSteady Income

1 Bed / 1 Bath · Vacation rentalSTR Income

2 Bed / 2 Bath · Vacation rentalSTR Income

Three doors, one address — now $100,000 under the original ask. Diversified rent roll, high-visibility N Lake Blvd frontage, and a clean fit for a 1031 exchange or house-hack: live in one unit, let the other two pay the mortgage.

Owner-operator opportunity: the same live-in-one, rent-two structure I run myself on my own Tahoe City duplex.

MLS# 20260680 · Type Mixed Use · Residential · Listed 5/1/2026

Request Rent Roll & Numbers View More ↗

Aerial view of Lake Tahoe at sunset — North Lake Tahoe real estate

You keep coming back to Tahoe for a reason — some part of you already lives here. A week at a time, rented, isn’t ownership. It’s borrowed time. Owning it is closer than you think.

I live here, and I own here. I’ve done every version of this deal myself — the permits, the real numbers, the fine print nobody hands you at closing. Show me a property and I’ll walk you through it in minutes: exactly what it costs to own in Tahoe, permits included.

Buying at the lake shouldn’t come with a lawyer and a headache.

Stop scrolling ~~Zillow~~. It doesn’t know Tahoe. I do. Bought here. Own here. Rent here. Talk to someone who’s done the deal — not an algorithm guessing at one.

Call or Text: (530) 213-3574 Get Off-Market Deal Alerts

Avg. response time under 15 minutes — 7 days a week.

You're on the list.

I'll text or email you as soon as a matching off-market deal comes up.

Or text "DEALS" to (530) 213-3574

The STR Investment Playbook · Run From My Own Rental

Everything I know about Tahoe short-term rentals, written down.

Guides on permitting, cash flow, and tax strategy for Tahoe short-term rentals — from someone who bought, permitted, and runs his own Tahoe City STR today.

Start Here · STR Investment Overview

What it actually takes to buy, permit, and run a Tahoe short-term rental. Start to finish.

From permit eligibility and county rules to realistic cash flow and what ownership actually looks like week to week — the full picture before you write an offer on an STR.

Read the investment guide →

Cash Flow

Run Live Numbers On a Specific Property

Plug in a real listing and see realistic STR revenue, expenses, and cash flow before you write an offer.

Run the calculator → Tax Strategy

How Bay Area Buyers Use an STR to Offset W-2 Income

Material participation, cost segregation, and bonus depreciation — explained in plain English.

See how it works → Regulations

Tahoe STR Regulations by County

Permit caps, waitlists, and what's still available — Placer and El Dorado County, side by side.

See the rules →

Just Listed · Active · Lake Forest Glen · Tahoe City, CA · MLS# 20261363

In Contract

Listed by Tahoe Properties
Hester Real Estate

$699,000

3101 Lake Forest Rd #112 · Tahoe City, CA 96145

Listing Agent Brad Hester Tahoe Properties — Hester Real Estate
(530) 277-1336 · laketahoehester@gmail.com

3 Bedrooms

2 Bathrooms

1,408 Sq Ft

End unit backing directly to open meadow — no rear neighbors — a short walk to Bristlecone beach. Original condition priced as a renovation opportunity in one of Tahoe City's most established communities, with community pool and tennis courts. Now showing by appointment.

MLS# 20261363 · Type Condo / Townhome · View Meadow · Status Active

View Property Schedule a Showing

The Multifamily Playbook · Written From My Own Address

Everything I know about Tahoe multifamily investing, written down.

Guides on sourcing, buying, and underwriting Tahoe multifamily — from someone who bought his own duplex off-market, renovated it, and runs it today.

Start Here · Off-Market Sourcing

How I find the duplexes and triplexes that never hit Zillow.

Most North Shore income property changes hands before a sign ever goes up. I track 500+ multifamily properties across Tahoe City, Kings Beach, Carnelian Bay, and the West Shore, and talk directly with owners — here's how that works, and how my buyers get there first.

Read the off-market guide →

Real Numbers

What a Tahoe City Duplex Actually Earns

Income from my own owner-occupied duplex — and what I'd tell a buyer underwriting one today.

See the numbers → Buyer's Guide

The Tahoe Duplex Buyer's Guide

House hacking, financing, and permits — the playbook I used on my own purchase.

Read the guide → Market Intel

The North Shore Multifamily Market Guide

Where the inventory is, what it trades for, and where the value hides.

Read the guide →

Recently Sold · West Shore

Sold Sold July 13 — after just 26 days on the market

Sold 26 Days on Market

26 photos

Tahoma · West Shore · El Dorado County

7266 5th Avenue
Tahoma, CA 96142

Sold $850,000$880,000

2 Beds

2 Baths

1,344 Sq Ft

26 Days on Market

Sold in 26 days for $850,000 — in a neighborhood where the median listing takes 95 days. Priced right, presented right, and moved fast. Want results like this for your property? Let's talk.

A beautifully crafted West Shore home on a 12,632 SF lot at the end of 5th Ave, with no crowded feeling and easy access to State Park land. Redwood exterior, Alder & Pine flooring, custom Alder kitchen cabinets, and mahogany in the living room — quality woodwork throughout. Two-car garage with room for a boat or trailer. Like-new condition.

1953 · Contemporary · Like New

Beach, pier & buoy HOA access

Backs to State Park land

Two-car detached garage

Redwood & Alder woodwork

Homewood Mtn Resort nearby

North Shore Investor / Agent Chris Gallagher · DRE #02439896

Meet Chris

Third-generation real estate. An owner-operator who invests where he sells.

Chris didn't find real estate — he was born into it. His grandmother, Mary Kay Gallagher, was the broker the New York Times called "the real estate queen of Ditmas Park," selling Brooklyn's grandest Victorians from her own home for nearly fifty years. Chris earned his first license in 2007 working her open houses — not at a corporate seminar, at her dining room table.

He specializes in off-market multifamily investing on the North Shore — the duplexes and triplexes that never hit Zillow. A career in luxury hospitality revenue management sharpened how he underwrites income property, and as an owner-operator in Tahoe City, he runs his own units. When he tells you what a Tahoe property will do, he's speaking from his own address.

That owner-operator mindset comes with responsibility to the block, not just the balance sheet. His Tahoe City property sat with fifty years of deferred maintenance before he bought and rebuilt it — one less eyesore on the street, not one more short-term rental headache for the neighborhood. He covers snow removal, keeps parking clear every storm, and sets the unit up the way a good neighbor would want it run. Several neighbors have had their own family stay there instead of a hotel.

Off-MarketMultifamily Focus

OwnerOperator in Tahoe City

2017Tahoe City Local

Read the full story →

Sold · West Shore

Sold

22 photos

Tahoma · West Shore · El Dorado County

7299 2nd Avenue
Tahoma, CA 96142

$487,500 Sold Price Sold 7/31/26

2 Beds

2 Baths

625 Sq Ft

$780 $/Sq Ft

58 Days on Mkt

HOA $120/yr — Private beach access, shared pier & buoy with reservation. Backs directly to State Park land.

An authentic 1959 Old Tahoe cabin tucked into the tall pines of Tahoe Cedars on the West Shore. Warm knotty pine throughout, vaulted wood ceilings, and a back deck that puts you immediately in the forest. No rear neighbors — ever. Steps to hiking, biking, and groomed Nordic trails. Minutes to Homewood Mountain Resort. Sold on 7/31/26 for $487,500 — $780 a square foot. Want to know what your West Shore place would bring, or see something similar? Reach out.

Old Tahoe · 1959 · Greenbelt

Beach, pier & buoy HOA access

Backs to State Park land

Homewood Mtn Resort nearby

Earn your turns.

The North Shore. Unfiltered.

5 Development Stories Every North Shore Buyer Should Know

The A-Framer

The North Shore Multifamily Market Guide

Meet Chris: Third-Generation Real Estate

Tahoe STR Regulations by County

The Tahoe Duplex Buyer's Guide

Earn your turns.

Get unlisted deal alerts

Current Tahoe City listings