55+ Corner Unit with Detached
1940 4th Street Sparks, NV 89431
New
For Sale
$129,000
MULTI_FAMILY - Sparks, NV
Property Size841 SF
Price / SF$153.39
Days on Market2
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, Open
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 028-321-01
- Size
- 841 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Asbestos, Brick
- Roof type
- Shingle, Composition
Listing Agency:
Dickson Realty - Caughlin
(775) 746-7000
Listed By:
Wendy McPhail · License #S.174972
(775) 338-4463
Added: Jul 24
Last Checked: Jul 25 at 7:06PM
MLS# 260009559
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 move-in ready corner unit is part of a 55+ owner-occupied co-op community. The home features newer energy efficient double-pane vinyl windows and includes an updated bathroom and kitchen with quartz countertops. A detached garage is also included.
HOA fees include water, garbage, taxes, and sewer, which can help simplify monthly ownership costs. The property is located at 1940 4th Street in Sparks, Nevada, within Washoe County.
The unit’s layout is configured as a residential income-style multifamily property under MF-4 zoning.
HOA fees include water, garbage, taxes, and sewer, which can help simplify monthly ownership costs. The property is located at 1940 4th Street in Sparks, Nevada, within Washoe County.
The unit’s layout is configured as a residential income-style multifamily property under MF-4 zoning.
Key Highlights
- 55+ owner‑occupied community in a co‑op
- Move‑in ready corner unit with double pane vinyl windows
- Updated kitchen with quartz countertops and updated bathroom
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 | $17.8k | $21.12 |
| − Vacancy | −$746 | −$0.89 |
| EGI | $17.0k | $20.23 |
| − OpEx | −$7.7k | −$9.10 |
| NOI | $9.4k | $11.13 |
841 SF · lease $21.12/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$133.7K
$117.0K – $156.0K
NOI $9,359 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lynnwood Arms Senior ...
Condominium Complex
FAQs
What type of property is this?
Multifamily property - Move-in ready corner unit featuring double-pane vinyl windows, updated kitchen and bathroom, plus a detached garage.
Where is this multifamily property located?
The property is located at 1940 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 55+ owner‑occupied community in a co‑op; Move‑in ready corner unit with double pane vinyl windows; Updated kitchen with quartz countertops and updated bathroom
