1940 4th Street Sparks, NV 89431
MULTI_FAMILY - Sparks, NV
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
- 1
- Parking features
- Garage
- Window features
- Blinds, Vinyl Frames, Double Pane Windows, Drapes
- Patio and Porch features
- Porch, Patio
- Interior features
- Breakfast Bar, Ceiling Fan(s), Pantry
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 028-321-02
- Size
- 940 SF
- Lot size
- 0.02 Acres
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Fireplace(s)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Shingle, Composition
Listing agent Jennifer Scott License #S.171194 (775) 772-7098
Listing office Ferrari-Lund Real Estate Reno 3700 Lakeside Drive, Suite 100, Sparks, NV (775) 688-4000
Listing date Jul 14, 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.
Investment Insights
Based on property information with market context.
The property is located at 1940 4th Street in Sparks, Nevada. Community notes state property taxes are included and paid by the HOA, the community is pet-free, and units must be owner-occupied with no rentals allowed.
Units are transferred directly by the HOA with no escrow, providing a straightforward process for qualified buyers within the community’s occupancy guidelines.
Key Highlights
- First‑floor 2‑bedroom, 1‑bath senior condo in Sparks, NV
- Approximately 940 sq ft of remodeled living space with wood flooring
- Kitchen includes breakfast bar, pantry, and appliances: dishwasher, disposal, electric cooktop/oven, microwave, and refrigerator
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 |
