55+ Community Ground-Floor
1945 4th Street Sparks, NV 89431
1945 4th Street, Sparks, NV, 89431
$135,000
For Sale
$135,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Lot Size3.51 Acres
Price / SF$143.62
Days on Market222
Property Features for 1945 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, Alley
- Window features
- Blinds, Double Pane Windows
- Patio and Porch features
- Patio
- Interior features
- Primary Downstairs
- Appliances
- Dishwasher, Electric Oven, Gas Cooktop, Oven, Refrigerator
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
- Lot size
- 3.51 Acres
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Dickson Realty - Sparks
(775) 685-8800
4870 Vista Blvd, Reno, NV
Listed by
Ashley Evans · License #S.188806
(775) 233-7005
Added: Dec 8, 2025 Checked: Jul 18 at 12:06 am
MLS# 250058938
Listing URL
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 2-bedroom, 1-bath ground-level unit is located within a well-maintained 55+ community. The home is designed for comfortable, low-maintenance living and includes a single-car garage. A courtyard area offers outdoor space for relaxing, providing an easy, walk-up lifestyle within the community setting.
Set in Sparks, the property is positioned for convenient access to local shopping and dining, as well as Downtown Sparks. The area is noted in the remarks for year-round events, including live concerts and community favorites such as the Nugget Rib Cook-Off and Hot August Nights.
For buyers seeking simplified single-level living, this ground-level layout and courtyard setting may appeal as an owner-occupied option in a structured 55+ environment. The combination of an attached single-car garage and minimal exterior responsibilities supports day-to-day convenience, while the community setting keeps residents close to nearby everyday amenities.
Set in Sparks, the property is positioned for convenient access to local shopping and dining, as well as Downtown Sparks. The area is noted in the remarks for year-round events, including live concerts and community favorites such as the Nugget Rib Cook-Off and Hot August Nights.
For buyers seeking simplified single-level living, this ground-level layout and courtyard setting may appeal as an owner-occupied option in a structured 55+ environment. The combination of an attached single-car garage and minimal exterior responsibilities supports day-to-day convenience, while the community setting keeps residents close to nearby everyday amenities.
Key Highlights
- 55+ community ground‑level 2‑bedroom, 1‑bath home
- Brick construction with shingle roof and indoor flooring of vinyl and carpet
- Primary bedroom downstairs (primary downstairs feature)
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 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Ground-level 2-bedroom unit with a single-car garage and courtyard access in a well-maintained 55+ community.
Where is this single family property located?
The property is located at 1945 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 55+ community ground‑level 2‑bedroom, 1‑bath home; Brick construction with shingle roof and indoor flooring of vinyl and carpet; Primary bedroom downstairs (primary downstairs feature)
