3-Unit
1746 A Street A B C, Sparks, NV 89431
For Sale
$490,000
Each residence has an electric stove and refrigerator, with varied flooring and select in-unit laundry and storage features.
Property Size1,428 SF
Price / SF$343.14
Days on Market82
Property Features for 1746 A Street A B C
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty, LLC
Listed By:
Diane Heaton · License NV S.39341
(775) 750-2409
Source:
Kirschrealestateteam
Added: Aug 25
Changed: Nov 13
Last Checked: Nov 13 at 9:23AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1985, this 1,428-square-foot triplex has three residences. Each unit includes an electric stove and refrigerator; one also has a stackable washer and dryer. Interior finishes vary, with laminate flooring and tile in some bathrooms. Ceiling insulation has been upgraded, and the exterior combines vinyl siding with a wood base. The exterior was painted within the last year. Airport Authority improvements added dual-pane vinyl windows and storm doors.
One storage shed transfers with the property; a second shed belongs to a tenant. Additional parking is available across from the units.
One storage shed transfers with the property; a second shed belongs to a tenant. Additional parking is available across from the units.
Key Highlights
- Three‑unit residential property with 1,428 square feet
- Built in 1985
- Electric stove and refrigerator in each unit; one unit also has a stackable washer and dryer
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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Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has an electric stove and refrigerator, with varied flooring and select in-unit laundry and storage features.
Where is this triplex located?
The property is located at 1746 A Street 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: Three‑unit residential property with 1,428 square feet; Built in 1985; Electric stove and refrigerator in each unit; one unit also has a stackable washer and dryer
