Multifamily Property with Updated
For Sale
$490,000
1746 A St #A B C, Sparks, NV 89431
Income-producing multifamily property with refreshed exterior finishes, upgraded windows, and varied unit improvements.
Property Size1,428 SF
Price / SF$343.14
Days on Market53
Property Features for 1746 A St #A B C
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Amenities
electric stove
refrigerator
stackable washer/dryer
storage shed
upgraded insulation
laminate floors
tile bath floors
vinyl dual pane windows
storm doors
Building Details
Year Built
1985
Construction
vinyl siding over wood
Tenancy
Multi
Listing Agency:
RE/MAX Professionals-Sparks
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 19 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Professionals-Sparks
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1985, this multifamily property features vinyl siding over wood construction, with the exterior painted within the last year. Additional rear rain gutters are being added, complementing existing front gutters. Airport Authority improvements include dual-pane vinyl windows and storm doors.
Unit features vary and include laminate flooring, tile bathroom floors, electric stoves, and refrigerators. One unit has a stackable washer and dryer, while one transferring storage shed is included; a second shed belongs to a tenant. Additional parking is located across from the units. The property is available for drive-by viewing, with interior showings approved during inspections after an accepted offer.
Unit features vary and include laminate flooring, tile bathroom floors, electric stoves, and refrigerators. One unit has a stackable washer and dryer, while one transferring storage shed is included; a second shed belongs to a tenant. Additional parking is located across from the units. The property is available for drive-by viewing, with interior showings approved during inspections after an accepted offer.
Key Highlights
- Exterior painted within the last year
- Dual‑pane vinyl windows and storm doors added by Airport Authority
- Electric stove and refrigerator provided in all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,891
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,820
$317.8K
Cap Rate 7%
$227,014
$227.0K
Cap Rate 9%
$176,567
$176.6K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$30.2K $21.12/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$28.9K $20.23/SF
− OpEx
−$13.0K −$9.10/SF
NOI
$15.9K $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%
$317,820
Cap Rate 7%
$227,014
Cap Rate 9%
$176,567
Alternative Uses
Best Use
Apartment 5plus
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$505.5K
$442.3K – $589.7K
NOI $35,383 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
739
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing multifamily property with refreshed exterior finishes, upgraded windows, and varied unit improvements.
Where is this multifamily property located?
The property is located at 1746 A St #A B C Sparks, NV.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Exterior painted within the last year; Dual‑pane vinyl windows and storm doors added by Airport Authority; Electric stove and refrigerator provided in all units
