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    Sparks, NV
    Duplex

    Sparks, NV Duplexes for Sale

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    Reno, NV Sun Valley, NV Spanish Springs, NV Virginia City, NV Verdi, NV Chilcoot, CA Washoe Valley, NV Dayton, NV
    Two-Home Residential Income Property
    Updated: Jun 10
    Two-Home Residential Income Property

    947 I Street, Sparks, NV 89431

    $695,000
    2,477 sqft 0.21 AC lot
    Investment with a 6.8% cap rate: two separate homes on one parcel
    Rear home is occupied by a long‑term month‑to‑month tenant, providing immediate rental income
    Front home is vacant and refreshed with new interior paint, a new stove, and a new dishwasher
    Front home includes a private fenced yard
    Utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    947 I Street, Sparks, NV 89431

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $440K
      Suggested

    • Property Type

      Duplex
      Built 1960
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    Sparks Multifamily Investment Opportunity
    Updated: Jan 20
    Sparks Multifamily Investment Opportunity

    1947 G Street, Sparks, NV 89431

    $625,000
    1,417 sqft 0.14 AC lot
    Two separate 2‑bed, 1‑bath houses on one parcel with 1,417 sq ft combined (672 sq ft front, 745 sq ft rear).
    Both units are currently occupied, providing immediate dual rental income.
    Front unit major upgrades: full water‑line repipe, new sewer line, new water heater, and updated electrical wiring and outlets.
    Front unit improvements include new double‑pane windows, new bathroom flooring, and brand‑new flooring (carpet and kitchen laminate).
    Both units feature new granite countertops and upgraded fixtures.
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Sparks, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Lot Multi-Unit Investment
    Corner Lot Multi-Unit Investment

    1910 Peters Street, Carson City, NV 89706

    $775,000
    2,744 sqft 0.14 AC lot

    Multi-family property with a remodeled single-family home and a duplex, all currently rented.

    View details
    Updated Corner Duplex with Yards
    Updated Corner Duplex with Yards

    3409 Imperial Way, Carson City, NV 89706

    $525,000
    1,884 sqft 0.16 AC lot

    North Carson City duplex on a corner lot with fenced front and backyards for both units.

    View details
    Residential Income Duplex with Two Houses
    Residential Income Duplex with Two Houses

    3325 Clear Acre Lane, Reno, NV 89512

    $1,432,000
    1,601 sqft 1.54 AC lot

    Two existing houses on a 1.54-acre residential income site in Reno, zoned SF3.

    View details
    Multifamily Development Parcel with Two Homes
    Multifamily Development Parcel with Two Homes

    3325 Clear Acre Lane, Reno, NV 89512

    $1,432,000
    1.54 AC lot

    1.54-acre parcel with two existing houses, generating immediate rental income per remarks, with flexibility for future development.

    View details

    Sparks, NV Duplexes Market Trends and Statistics

    Explore 2 duplexes for sale in Sparks, NV on our real estate platform. These investment opportunities span a total of 3,894 square feet of properties for sale, with an estimated market value of $1,350,000.

    Sale prices for duplexes in Sparks, NV start at $625,000, averaging $675,000, and reaching up to $725,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Triplexes 1

    Demographics Overview

    Population 131K
    Population Growth (5Y) +9.0%
    Median Household Income $93,001
    College Educated 21.4%

    High-Yield Neighborhoods for Investment

    Identify Sparks submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    89431 $621.6K

    Taxes & Financing

    Tax Rate (average for all types) 3.04%
    Property Tax per SF $41.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washoe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washoe County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Sparks fall within the 100,000+ square foot range.

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