Main-Floor Condo with Private
For Sale
$145,000
1940 4th Street, Sparks, NV 89431
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$154.26
Days on Market53
Property Features for 1940 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-4
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Parking
1
Parking features
Garage
Window features
Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Entrance Foyer, No Interior Steps, Primary Downstairs
Exterior features
Rain Gutters
Appliances
Dishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
Subdivision
Green Brae Terrace 7
Lot features
Level, Sprinklers In Front, Sprinklers In Rear
Elementary school
Greenbrae
Middle school
Dilworth
High school
Sparks
Standard status
Active
APN
028-373-12
Size
940 SF
Taxes and HOA fees
Tax Annual Amount
474
HOA Fee
$450 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Flooring type
Tile, Stone
Building materials
Asbestos
Roof type
Composition, Shingle
Listing Agency:
Keller Williams Group One Inc. · Keller Williams Realty
(775) 336-3800
Listed By:
Amber Donnelly · License #S.201577
(530) 410-9397
Added: Jun 15
Changed: Jul 2
Last Checked: Aug 6 at 11:06AM
MLS# 260007725
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 main-floor end-unit condo offers approximately 940 square feet with 2 bedrooms and 1 bathroom. The interior is described as bright and welcoming, with numerous updates including a newer furnace, a newer water heater, and an air conditioning wall unit. The home also features a private patio, a key outdoor feature within the community, along with tasteful improvements throughout. Practical onsite conveniences include on-site laundry facilities and a private one-car garage.
Set within a well-maintained 50+ community, the property is positioned on landscaped, park-like grounds with mature landscaping. The listing also notes a bus stop located directly in front of the community, adding to everyday accessibility for residents.
For tenants, buyers, or brokers seeking a move-in ready main-floor layout, this residence combines updated major systems with the added benefit of private outdoor space. Its end-unit configuration and garage parking support day-to-day comfort, while the community setting and onsite laundry are designed for straightforward, low-maintenance living. The unit at 1940 4th Street, Sparks, NV 89431 is offered for sale as a condo within the MF-4 zoning designation.
Set within a well-maintained 50+ community, the property is positioned on landscaped, park-like grounds with mature landscaping. The listing also notes a bus stop located directly in front of the community, adding to everyday accessibility for residents.
For tenants, buyers, or brokers seeking a move-in ready main-floor layout, this residence combines updated major systems with the added benefit of private outdoor space. Its end-unit configuration and garage parking support day-to-day comfort, while the community setting and onsite laundry are designed for straightforward, low-maintenance living. The unit at 1940 4th Street, Sparks, NV 89431 is offered for sale as a condo within the MF-4 zoning designation.
Key Highlights
- 50+ community main‑floor 2‑bedroom, 1‑bath condo with approximately 940 SF
- End‑unit with private patio and porch
- Primary downstairs; no interior steps; entrance foyer
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 |
940 SF · lease $21.12/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated end-unit in a well-maintained 50+ community with a private patio, garage, and on-site laundry.
Where is this residential income property located?
The property is located at 1940 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 50+ community main‑floor 2‑bedroom, 1‑bath condo with approximately 940 SF; End‑unit with private patio and porch; Primary downstairs; no interior steps; entrance foyer
