55+ Co-Op Residential Income
For Sale
$128,000
1945 4th Street, Sparks, NV 89431
Residential, Sparks, NV
Property Size940 SF
Price / SF$136.17
Days on Market245
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 1, Bedroom 2, Bathroom 1
Parking
1
Parking features
Open, Garage
Window features
Vinyl Frames, Double Pane Windows
Interior features
Primary Downstairs
Appliances
Dishwasher, Disposal, Electric Cooktop, Microwave
Lot features
Common Area, 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
940 SF
Taxes and HOA fees
HOA Fee
$600 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Carpet
Building materials
Asbestos
Roof type
Shingle, Composition
Listing Agency:
Hello Real Estate Center
(775) 622-6688
Listed By:
Tiffany Perkins · License #BS.0147102
(775) 343-9624
Added: Feb 4
Changed: Oct 2
Last Checked: Oct 7 at 8:06AM
MLS# 260001313
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 move-in ready co-op residence is located within a 55-and-over community and is offered cash only. The home includes the furniture, supporting a turnkey transition, and it has been thoughtfully maintained throughout. Newer windows and abundant natural light are key features, complemented by mature trees and well-maintained landscaping that contribute to a peaceful, park-like setting.
Zoned MF-4, the property is located at 1945 4th Street in Sparks, Nevada (Washoe County). Co-op ownership provides simplified expenses as described in the remarks.
Zoned MF-4, the property is located at 1945 4th Street in Sparks, Nevada (Washoe County). Co-op ownership provides simplified expenses as described in the remarks.
Key Highlights
- Primary bedroom on the main level (primary downstairs)
- 55+ co‑op community home; cash‑only purchase; includes furniture
- Year built 1960 with composition/shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
8.17%
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 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready 55-and-over co-op residence with newer windows and included furniture.
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 $128,000.
What are key features of this property?
This property features: Primary bedroom on the main level (primary downstairs); 55+ co‑op community home; cash‑only purchase; includes furniture; Year built 1960 with composition/shingle roof
