1940 4th Street, Sparks, NV 89431
- Added:
- Jul 23, 2025
- Days on Market:
- 321
- Last Refresh:
- Jun 8 at 10:06 pm
Property Features for 1940 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 2
- Parking features
- Open, Garage
- Window features
- Vinyl Frames, Double Pane Windows, Blinds
- Patio and Porch features
- Patio
- Interior features
- No Interior Steps, Primary Downstairs
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Oven, Refrigerator
- Standard status
- Active
- APN
- 028-321-01
- Size
- 940 SF
Taxes and HOA fees
- Tax Annual Amount
- 474
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Laminate
- Building materials
- Brick, Masonite
- Roof type
- Composition
Listing agent Janet Oliver License #S.189768 (303) 882-1195
Listing office Assist-2-Sell Buyers & Sellers 5250 Neil Road Suite 200, NV (775) 688-6060
Listing date Jul 23, 2025
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
- 55+ co‑op community main‑floor unit with 2 bedrooms and 1 bathroom in 940 sq. ft.
- Primary bedroom downstairs with no interior steps for easier main‑floor living.
- Private patio plus a private 1‑car garage.
- Updated systems include a newer furnace and hot water heater; also includes air conditioning.
- Kitchen appliances include dishwasher, disposal, electric cooktop, electric oven, and refrigerator.
- Public utilities: public water and public sewer; natural gas forced‑air heat; composition roof.
Overview
The property is located in a well-maintained 55+ community, with mature landscaping and grounds described as tranquil and park-like. For daily convenience, there is an on-site laundry center, and the home is described as just steps from the bus stop.
For buyers seeking low-maintenance, single-level living within a dedicated 55+ co-op setting, this unit offers several home-level conveniences, including air conditioning, updated mechanicals, and direct access to a private patio. The combination of main-floor living, an included private garage, and on-site laundry can support a simple, hands-on lifestyle while keeping day-to-day needs close at hand. Zoning is MF4.
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
- -119.74746
- Latitude
- 39.549749
