1940 4th Street, Sparks, NV 89431
- Added:
- Jun 15, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 18 at 12:06 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 2, Bathroom 1, Bedroom 1
- 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
- Standard status
- Active
- APN
- 028-373-12
- Size
- 940 SF
Taxes and HOA fees
- Tax Annual Amount
- 474
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Flooring type
- Tile, Stone
- Building materials
- Asbestos
- Roof type
- Shingle, Composition
Listing agent Amber Donnelly License #S.201577 (530) 410-9397
Listing office Keller Williams Group One Inc. 155 Disc Drive #103, Sparks, NV (775) 336-3800
Listing date Jun 15, 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
- 2‑bed, 1‑bath main‑floor condo with approximately 940 SF
- End‑unit with private patio and porch for outdoor space
- Interior features include entrance foyer, no interior steps, and primary downstairs
- Parking includes a private one‑car garage
- Utilities: public water and public sewer
- Appliances and HVAC include dishwasher, disposal, electric cooktop, microwave, refrigerator; wall furnace with window/wall AC units
Overview
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.
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
- -119.747465
- Latitude
- 39.549749
