55+ Co-op Residential
For Sale
$118,000
1945 4th Street, Sparks, NV 89431
Residential, Sparks, NV
Property Size945 SF
Price / SF$124.87
Days on Market159
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, Open
Window features
Drapes, Blinds, Double Pane Windows
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Primary Downstairs
Appliances
Disposal, Electric Cooktop, Oven
Lot features
Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Elementary school
Greenbrae
Middle school
Dilworth
High school
Sparks
Directions
Greenbrae to 4th
Standard status
Active
APN
028-310-07
Size
945 SF
Taxes and HOA fees
HOA Fee
$600 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Cooling system
Wall/Window Unit(s), Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Carpet
Building materials
Asbestos
Roof type
Composition, Shingle
Listing Agency:
Hello Real Estate Center
(775) 622-6688
Listed By:
Tiffany Perkins · License #BS.0147102
(775) 343-9624
Added: May 2
Changed: Oct 2
Last Checked: Oct 7 at 4:06AM
MLS# 260005539
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 945-square-foot, ground-level corner co-op residence was built in 1960 and includes two bedrooms, one bathroom, a primary bedroom on the main level, carpeted flooring, and a private patio. Interior features include ceiling fans, a natural-gas wall furnace, window or wall-mounted cooling, an electric cooktop, oven, and disposal. The kitchen can accommodate either induction or electric cooking. Additional equipment includes three wall-mounted Roku televisions on swivel stands, a reverse osmosis drinking-water filtration system, and on-demand hot water.
The property is located at 1945 4th Street in Sparks, with alley access and a nearby garage equipped with a newer opener and battery backup. The community features mature trees and maintained landscaping. Public water and sewer serve the residence, and cable is available. The property is within an owner-occupied 55+ co-op community, requires co-op board approval, and is offered for cash purchase only.
The property is located at 1945 4th Street in Sparks, with alley access and a nearby garage equipped with a newer opener and battery backup. The community features mature trees and maintained landscaping. Public water and sewer serve the residence, and cable is available. The property is within an owner-occupied 55+ co-op community, requires co-op board approval, and is offered for cash purchase only.
Key Highlights
- 945 SF ground‑level corner co‑op residence
- Two bedrooms, one bathroom, and primary bedroom on the main level
- Owner‑occupied 55+ co‑op community with MF‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,516
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,320
$210.3K
Cap Rate 7%
$150,229
$150.2K
Cap Rate 9%
$116,844
$116.8K
Market Conditions
NOI Build-Up for 945 SF
Gross rent
$20.0K $21.12/SF
− Vacancy
−$838 −$0.89/SF
EGI
$19.1K $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%
$210,320
Cap Rate 7%
$150,229
Cap Rate 9%
$116,844
Alternative Uses
Best Use
Apartment 5plus
$150.2K
$131.5K – $175.3K
NOI $10,516 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$334.5K
$292.7K – $390.3K
NOI $23,415 @ 7.0% cap · market cap 19.84%
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 - Ground-level corner residence in an owner-occupied 55+ co-op community with garage access and landscaped surroundings.
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 $118,000.
What are key features of this property?
This property features: 945 SF ground‑level corner co‑op residence; Two bedrooms, one bathroom, and primary bedroom on the main level; Owner‑occupied 55+ co‑op community with MF‑4 zoning
