1945 4th Street, Sparks, NV 89431
- Added:
- Mar 31, 2026
- Days on Market:
- 84
- Last Refresh:
- Jun 22 at 10:06 pm
Property Features for 1945 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1
- Parking
- 1
- Parking features
- Garage
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Refrigerator
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Asbestos, Brick
- Roof type
- Shingle, Composition
Listing agent Tiffany Perkins License #S.187876 (775) 343-9624
Listing office Hello Real Estate Center 8060 Double R Blvd #400, RENO, NV (775) 622-6688
Listing date Mar 31, 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
- 55+ co‑op community home (age 50+ may be considered with board approval); cash purchase only with buyer board approval
- Remodeled bottom‑level home with updated kitchen, refreshed bathroom, recessed lighting, and upgraded flooring
- Two bedrooms, 1 bathroom with dual access from the bathroom
- Wall furnace heat and window/wall/window‑unit cooling; ceiling fans included
- Kitchen appliances include dishwasher, disposal, electric cooktop, electric oven/range, and refrigerator
- Detached garage plus single‑car garage parking; public water and public sewer; natural gas available
Overview
The co-op community allows age 50+ if approved by the board, and the home is located in Sparks, Nevada. The property is designated under zoning MF-4.
Ownership comes with co-op association requirements. The monthly association fee includes property taxes, water, sewer, heater maintenance, and hot water heater-help, which can help simplify budgeting for day-to-day expenses. The seller indicates a motivated position and is open to offers. Purchase is restricted to cash only, and the buyer must be approved by the co-op association board, including consideration for age eligibility.
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
- -119.748881
- Latitude
- 39.549754
