Top-Floor End Unit Co-Op
1940 4th Street Sparks, NV 89431
1940 4th Street, Sparks, NV, 89431
$133,000
For Sale
$133,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$141.49
Days on Market162
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 2, Bathroom 1, Bedroom 1
- Parking
- 1
- Parking features
- Garage
- Window features
- Vinyl Frames, Double Pane Windows
- 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
- Window Unit(s), Wall/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 Agency
Hello Real Estate Center
(775) 622-6688
8060 Double R Blvd #400, RENO, NV
Listed by
Tiffany Perkins · License #S.187876
(775) 343-9624
Added: Feb 5 Checked: Jul 17 at 3:06 pm
MLS# 260001319
Listing URL
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 top-floor end unit is located in a well-kept 55+ co-op community that may qualify for age 50+. The home features two bedrooms and one bathroom, with brand-new carpet and plantation shutters in the living and dining areas. Storage is supported by closet organizers and an extra closet in one bedroom, and a portable window A/C is included.
A detached garage provides covered vehicle parking. The property is described as being within a neighborhood primarily surrounded by single-family homes, and a bus stop is noted right out front.
The shared-ownership co-op includes a monthly co-op fee that covers most everyday expenses, including property taxes, water, sewer, trash, exterior and grounds maintenance, insured structure, furnace and water heater maintenance, laundry facility, and snow removal. Cash purchase is required, and buyer approval is required through co-op credit and background review. The community is owner-occupied, with no pets or rentals, and buyer and buyer’s agent are instructed to verify all information, including square footage. Zoning is listed as MF-4.
A detached garage provides covered vehicle parking. The property is described as being within a neighborhood primarily surrounded by single-family homes, and a bus stop is noted right out front.
The shared-ownership co-op includes a monthly co-op fee that covers most everyday expenses, including property taxes, water, sewer, trash, exterior and grounds maintenance, insured structure, furnace and water heater maintenance, laundry facility, and snow removal. Cash purchase is required, and buyer approval is required through co-op credit and background review. The community is owner-occupied, with no pets or rentals, and buyer and buyer’s agent are instructed to verify all information, including square footage. Zoning is listed as MF-4.
Key Highlights
- 55+ (age 50+ may qualify) top‑floor end unit in a co‑op community, with buyer approval required
- 2‑bedroom, 1‑bath layout with primary downstairs and ceiling fan(s)
- New carpet and plantation shutters in the living and dining areas
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 |
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 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 17.51%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Top-floor end unit in a 55+ co-op community with new carpet, plantation shutters, and 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 $133,000.
What are key features of this property?
This property features: 55+ (age 50+ may qualify) top‑floor end unit in a co‑op community, with buyer approval required; 2‑bedroom, 1‑bath layout with primary downstairs and ceiling fan(s); New carpet and plantation shutters in the living and dining areas
