Residential Income Property with
For Sale
$115,000
1945 4th Street, Sparks, NV 89431
Residential, Sparks, NV
Property Size940 SF
Price / SF$122.34
Days on Market10
Property Features for 1945 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-4
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking
1
Parking features
Garage
Window features
Double Pane Windows
Appliances
Dishwasher, Electric Cooktop, Microwave, Oven
Lot features
Level
Elementary school
Greenbrae
Middle school
Dilworth
High school
Sparks
Standard status
Active
APN
028-310-07
Size
940 SF
Taxes and HOA fees
HOA Fee
$600 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Asbestos, Brick
Roof type
Composition
Listing Agency:
eXp Realty
(888) 788-5494
Listed By:
Amy Boylan · License #S.174839
(775) 762-6608
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 8 at 12:06AM
MLS# 260012561
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 940-square-foot co-op residence has two bedrooms, one bathroom, an end-unit position, and a one-car garage. Built in 1960, the home features a brick exterior, carpet and vinyl flooring, a wall furnace, and a composition roof. The property is zoned MF-4. Purchase is cash-only and requires co-op board approval.
Community grounds include mature landscaping. The monthly co-op fee covers property taxes, water, sewer, trash, insurance, exterior upkeep, landscaping, and other community services. Shopping, dining, medical facilities, parks, and public transportation are nearby.
Community grounds include mature landscaping. The monthly co-op fee covers property taxes, water, sewer, trash, insurance, exterior upkeep, landscaping, and other community services. Shopping, dining, medical facilities, parks, and public transportation are nearby.
Key Highlights
- 940‑square‑foot co‑op residence with two bedrooms and one bathroom
- One‑car garage and end‑unit placement
- 55+ community with landscaped grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$19.9K $21.12/SF
− Vacancy
−$834 −$0.89/SF
EGI
$19.0K $20.23/SF
− OpEx
−$8.6K −$9.10/SF
NOI
$10.5K $11.13/SF
Area
Sparks, NV
Vacancy
4.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 20.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom co-op residence offers garage parking and membership in a 55+ community.
Where is this residential income property located?
The property is located at 1945 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 940‑square‑foot co‑op residence with two bedrooms and one bathroom; One‑car garage and end‑unit placement; 55+ community with landscaped grounds
