Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1130 1134 Sparks, NV 89431

    View on Map
    Sponsored
    For Sale
    $625,000

    MULTI_FAMILY - Sparks, NV

    Property size:
    2,443 SF
    Lot size:
    0.16 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 22 at 4:06 pm

    Property Features for 1130 1134

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Wood Frames, Vinyl Frames, Double Pane Windows, Blinds, Drapes, Single Pane Window(s)
    Zoning
    MUD
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 6
    Bedrooms
    6
    Bathrooms
    3
    APN
    032-093-13
    Parking
    4
    Parking features
    Assigned
    Exterior features
    Rain Gutters
    Fireplace
    1
    Appliances
    Oven, Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
    Size
    2,443 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Varies by Unit (Heating), Forced Air, Wall Furnace
    Cooling system
    Varies by Unit, Evaporative Cooling
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Vinyl, Carpet
    Building materials
    Asbestos, Brick, Frame, Wood Siding
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Michael Robinson

    Chase International Real Estate

    Listing agent Michael Robinson License #S.55118

    Listing date Mar 19, 2026

    MLS# 260002802

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Sparks Multifamily Investment Opportunity

    This property presents an investment opportunity in Sparks, Nevada, featuring a single-family home constructed in 1925 at the front and a duplex at the rear. The duplex includes an upstairs and a downstairs unit. While the front house may benefit from some improvements, the current tenant has been residing there long term. The duplex units, nearly identical in layout, have undergone recent renovations and are in very good condition. All three units are currently occupied, generating consistent income. The property is zoned MUD and is situated on a 0.16-acre lot. The total property size is 2443 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Sparks
    County
    Washoe
    State
    Nevada
    Longitude
    -119.757491
    Latitude
    39.538163

    Nearby Similar for Sale

    • New
      $1,400,000
      6,472 SF

      High-Visibility Commercial Property Dual Frontage

      Versatile property with entrances on two major streets.
      1657 Prater Way, Sparks, NV 89431
      View Details
    • $779,000
      1,648 SF

      Mixed-Use Property on Rock Blvd

      Mixed-use property ideal for medical, dental, or professional services.
      1001 Rock Blvd, Sparks, NV 89431
      View Details
    • New
      $514,900
      1,625 SF

      Sparks Duplex Near Victorian Square

      Charming, remodeled duplex in prime Sparks location with income potential.
      1224 F St, Sparks, NV 89431
      View Details
    • New
      $625,000
      1,417 SF

      Sparks Multifamily Dual-Income Opportunity

      Two houses on one parcel, ideal for investors or owner-occupants.
      1947 G St, Sparks, NV 89431
      View Details
    • New
      $1,299,000
      4,392 SF

      Sparks Multifamily Investment Opportunity

      Turnkey six-unit multifamily property near downtown Sparks, Nevada.
      1947 H St, Sparks, NV 89431
      View Details
    • $515,000
      2,000 SF

      Sparks Office Space For Sale

      Tenant-occupied office space with lease until November 2028.
      2145 Green Vista Dr, Sparks, NV 89431
      View Details
    • $135,000
      940 SF

      Sparks 55+ Co-op Residence

      Move-in ready home in a desirable 55 and over community.
      1945 4Th St, Sparks, NV 89431
      View Details
    • $1,580,540
      5,974 SF

      Sparks NV Investment Property

      Well-maintained 6-unit investment property with strong rental performance.
      414 F St, Sparks, NV 89431
      View Details
    • $133,000
      940 SF

      Top-Floor Unit in 55+ Community

      Comfortable 2-bedroom unit in a well-kept 55+ co-op.
      1940 4Th St, Sparks, NV 89431
      View Details
    • $749,999
      2,440 SF

      Sparks Mixed-Use Development Opportunity

      Commercial and residential property near Rail City Casino.
      1921 Victorian Ave, Sparks, NV 89431
      View Details
    • New
      $130,000
      940 SF

      Sparks Co-op in 55+ Community

      Charming 2-bedroom co-op in a vibrant Sparks location.
      1945 4Th St, Sparks, NV 89431
      View Details
    • $2,500,000
      7,470 SF

      Sparks Industrial Property For Sale

      Industrial property in Sparks with fenced yard space and prime location.
      2235 Glendale Ave, Sparks, NV 89431
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Single family home and renovated duplex generating steady income.
    Where is this multifamily property located?
    The property is located at 1130 1134 Sparks, NV.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Solid, steady income from all three occupied units (single family home and duplex).; - Recently renovated duplex units in very good condition.; - Duplex consists of two nearly identical units (one upstairs, one downstairs).
    (775) 338-1892
    Request Owner's contact information
    1130 1134 Sparks, NV 89431
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1130 1134
    Sparks, NV 89431
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1130 1134 Sparks, NV 89431
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Robinson
    Real Estate License ID: S.55118
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!