Triplex with Updated
For Sale
Under Contract
$490,000
1746 A Street, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size1,428 SF
Lot Size0.11 Acres
Price / SF$343.14
Days on Market53
Property Features for 1746 A Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MUD
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking
3
Parking features
Carport, Alley, Assigned
Window features
Window Coverings, Double Pane Windows, Low Emissivity Windows, Storm Window(s), Vinyl Frames
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), No Interior Steps
Appliances
Electric Range, Refrigerator
Subdivision
Newtown Tract
Lot features
Level
Elementary school
Mitchell
Middle school
Sparks
High school
Sparks
Directions
ROCK
Standard status
Active Under Contract
APN
032-124-30
Size
1,428 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
1637
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
3
Flooring type
Varies, Laminate, Tile
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
LPT Realty, LLC
(775) 544-1328
Listed By:
Diane Heaton · License #S.39341
(775) 750-2409
Added: Aug 24
Changed: Oct 8
Last Checked: Oct 15 at 1:06AM
MLS# 260011010
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 triplex contains 1,428 square feet on a 0.11-acre parcel in Sparks. Built in 1985, the property features vinyl siding over wood construction, a composition roof, heat-pump heating and cooling, and a mix of laminate and tile flooring. Each unit includes an electric range and refrigerator; one also has a stackable washer and dryer. Interior details include ceiling fans and no interior steps, while patios provide outdoor space.
The property is located at 1746 A Street in Sparks, Nevada, with public water and public sewer service. Parking includes carport, alley, and assigned spaces, with additional parking across from the units. Recent exterior work includes painting completed within the last year, dual-pane vinyl windows, storm doors, and added rain-gutter improvements. One storage shed transfers with the property; a second shed is tenant-owned. Zoning is MUD.
The property is located at 1746 A Street in Sparks, Nevada, with public water and public sewer service. Parking includes carport, alley, and assigned spaces, with additional parking across from the units. Recent exterior work includes painting completed within the last year, dual-pane vinyl windows, storm doors, and added rain-gutter improvements. One storage shed transfers with the property; a second shed is tenant-owned. Zoning is MUD.
Key Highlights
- Three‑unit property with 1,428 square feet on a 0.11‑acre parcel
- Built in 1985 with vinyl siding over wood construction
- Electric range and refrigerator provided in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,756
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,120
$355.1K
Cap Rate 7%
$253,657
$253.7K
Cap Rate 9%
$197,289
$197.3K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$26.6K $18.60/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$25.4K $17.76/SF
− OpEx
−$7.6K −$5.33/SF
NOI
$17.8K $12.43/SF
Area
Sparks, NV
Vacancy
4.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,120
Cap Rate 7%
$253,657
Cap Rate 9%
$197,289
Alternative Uses
Best Use
Multifamily LT 5
$253.7K
$222.0K – $295.9K
NOI $17,756 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$227.0K
$198.6K – $264.9K
NOI $15,891 @ 7.0% cap · market cap 3.24%
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.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
972
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with individual kitchens, varied flooring, assigned parking, and public water and sewer.
Where is this triplex located?
The property is located at 1746 A Street 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: Three‑unit property with 1,428 square feet on a 0.11‑acre parcel; Built in 1985 with vinyl siding over wood construction; Electric range and refrigerator provided in every unit
