1940 4th Street, Sparks, NV 89431
- Added:
- Feb 5, 2026
- Days on Market:
- 137
- Last Refresh:
- Jun 22 at 6:06 pm
Property Features for 1940 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 1
- Parking features
- Garage
- Window features
- Double Pane Windows, Vinyl Frames
- Interior features
- Ceiling Fan(s), Primary Downstairs
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Refrigerator
- Standard status
- Active
- APN
- 028-321-01
- Size
- 940 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- 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 agent Tiffany Perkins License #S.187876 (775) 343-9624
Listing office Hello Real Estate Center 8060 Double R Blvd #400, RENO, NV (775) 622-6688
Listing date Feb 5, 2026
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.
HighLights
- Top‑floor end unit in a 55+ co‑op (age 50+ may qualify) with 2 bedrooms and 1 bathroom
- Detached garage for year‑round covered parking
- Public water and public sewer services
- Wall furnace heating with window unit cooling and a portable window A/C included
- Co‑op fee covers many expenses including property taxes, water, sewer, trash, exterior/grounds maintenance, and insured structure maintenance
- Cash purchase only; buyer approval required through co‑op credit and background review, with no pets or rentals
Overview
Outside, the grounds are maintained with mature trees, creating a park-like setting. A detached garage provides year-round covered parking. The bus stop is located right out front, supporting convenient access for daily transportation needs. The surrounding neighborhood is primarily single-family homes. Zoning is listed as MF-4.
For buyers, the monthly co-op fee covers many everyday expenses, including property taxes, water, sewer, trash, exterior and grounds maintenance, insured structure, and maintenance for the furnace and water heater, along with laundry facility use and snow removal. This is an owner-occupied community with cash purchase only. No pets or rentals are allowed, and buyer approval is required through a co-op credit and background review process. The buyer and buyer’s agent are instructed to verify all information, including square footage.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.9k | $21.12 |
| − Vacancy | −$834 | −$0.89 |
| EGI | $19.0k | $20.23 |
| − OpEx | −$8.6k | −$9.10 |
| NOI | $10.5k | $11.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.747299
- Latitude
- 39.549534
