Main-Floor Condo with Private
1940 4th Street Sparks, NV 89431
1940 4th Street, Sparks, NV, 89431
$145,000
For Sale
$145,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$154.26
Days on Market38
Property Features for 1940 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 1
- Parking features
- Garage
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Interior features
- Entrance Foyer, No Interior Steps, Primary Downstairs
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
- Standard status
- Active
- APN
- 028-373-12
- Size
- 940 SF
Taxes and HOA fees
- Tax Annual Amount
- 474
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Flooring type
- Tile, Stone
- Building materials
- Asbestos
- Roof type
- Composition, Shingle
Listing agency
Keller Williams Group One Inc.
(775) 336-3800
Listed by
Amber Donnelly · License #S.201577
(530) 410-9397
Added: Jun 15 Updated: Jul 2 at 8:38AM Checked: Jul 22 at 5:06AM
MLS# 260007725
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.
Investment Insights
Based on property information with market context.
This main-floor end-unit condo offers approximately 940 square feet with 2 bedrooms and 1 bathroom. The interior is described as bright and welcoming, with numerous updates including a newer furnace, a newer water heater, and an air conditioning wall unit. The home also features a private patio, a key outdoor feature within the community, along with tasteful improvements throughout. Practical onsite conveniences include on-site laundry facilities and a private one-car garage.
Set within a well-maintained 50+ community, the property is positioned on landscaped, park-like grounds with mature landscaping. The listing also notes a bus stop located directly in front of the community, adding to everyday accessibility for residents.
For tenants, buyers, or brokers seeking a move-in ready main-floor layout, this residence combines updated major systems with the added benefit of private outdoor space. Its end-unit configuration and garage parking support day-to-day comfort, while the community setting and onsite laundry are designed for straightforward, low-maintenance living. The unit at 1940 4th Street, Sparks, NV 89431 is offered for sale as a condo within the MF-4 zoning designation.
Set within a well-maintained 50+ community, the property is positioned on landscaped, park-like grounds with mature landscaping. The listing also notes a bus stop located directly in front of the community, adding to everyday accessibility for residents.
For tenants, buyers, or brokers seeking a move-in ready main-floor layout, this residence combines updated major systems with the added benefit of private outdoor space. Its end-unit configuration and garage parking support day-to-day comfort, while the community setting and onsite laundry are designed for straightforward, low-maintenance living. The unit at 1940 4th Street, Sparks, NV 89431 is offered for sale as a condo within the MF-4 zoning designation.
Key Highlights
- 50+ community main‑floor 2‑bedroom, 1‑bath condo with approximately 940 SF
- End‑unit with private patio and porch
- Primary downstairs; no interior steps; entrance foyer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.9k | $21.12 |
| − Vacancy | −$834 | −$0.89 |
| EGI | $19.0k | $20.23 |
| − OpEx | −$8.6k | −$9.10 |
| NOI | $10.5k | $11.13 |
940 SF · lease $21.12/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lynnwood Arms Senior ...
Condominium Complex
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FAQs
What type of property is this?
Residential income property - Updated end-unit in a well-maintained 50+ community with a private patio, garage, and on-site laundry.
Where is this residential income property located?
The property is located at 1940 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 50+ community main‑floor 2‑bedroom, 1‑bath condo with approximately 940 SF; End‑unit with private patio and porch; Primary downstairs; no interior steps; entrance foyer
