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39-Unit Apartment Building
For Sale
Contact for pricing
Pending

1800 Prater Way, Sparks, NV 89431

Recently upgraded multifamily property with renovated building systems and select interior improvements.

Property SizeContact for details
Days on Market142

Property Features for 1800 Prater Way

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Pounder Realty LLC
Listed By: Grayson Pounder · License #OR 200008193
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 2:30PM

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 Pounder Realty LLC

Investment Insights

Based on property information with market context.

This 39-unit apartment property at 1800 Prater Way in Sparks, Nevada, includes recent upgrades to major building components. Improvements include new roofs, upgraded electrical panels, and all-copper plumbing. Select residences have also received vinyl plank flooring and updated appliances, providing refreshed interior finishes within the existing multifamily layout.

The property is positioned in Sparks, with access to employment centers, shopping, and entertainment identified in the available property information. The combination of system upgrades and selective unit improvements provides a clear picture of the physical work completed across the asset.

Key Highlights

  • 39‑unit apartment property in Sparks, Nevada
  • New roofs completed as part of major capital improvements
  • Upgraded electrical panels and all‑copper plumbing

Property Analytics

Current Use

Deer Park Apartments Apartment Complex Valhalla Properties LLC Real Estate Agency

Suggested Use

Top Pick Law Firm Catering Service Travel Agency (Bike/Boat/Book/etc) Store Acupuncture Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently upgraded multifamily property with renovated building systems and select interior improvements.
Where is this apartment building located?
The property is located at 1800 Prater Way Sparks, NV.
What are key features of this property?
This property features: 39‑unit apartment property in Sparks, Nevada; New roofs completed as part of major capital improvements; Upgraded electrical panels and all‑copper plumbing
(503) 680-4638 Call to check price and availability
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