55+ Co-op Apartment with
1945 4th Street Sparks, NV 89431
1945 4th Street, Sparks, NV, 89431
$116,000
For Sale
$116,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$123.40
Days on Market103
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, Open
- Window features
- Drapes, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Oven, 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
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Carpet, Vinyl
- Building materials
- Asbestos, Brick
- Roof type
- Composition, Shingle
Listing Agency
Dickson Realty - Caughlin
(775) 746-7000
1030 Caughlin Crossing, Reno, NV
Listed by
Gustavo Torres · License #S.192128
(775) 722-4114
Added: Apr 7 Checked: Jul 18 at 6:06 am
MLS# 260004406
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 2-bedroom, 1-bath co-op apartment includes a 1-car garage. Interior comfort features include an additional air conditioning unit and ceiling fans. The home is part of a maintained 55+ co-op community with shared common areas for residents to use and enjoy.
The property is located in Sparks, Nevada, with convenient on-site parking and access to the community’s common spaces. The listing notes proximity to schools and shopping, and that the property is just a few blocks from Pyramid Highway for local access.
For buyers looking for a low-maintenance, age-qualified living setup, this co-op configuration offers a practical floorplan with climate-supporting improvements and enclosed parking through the attached 1-car garage. The community setting provides shared common areas, while the location supports everyday convenience given the stated closeness to schools and shopping.
The property is located in Sparks, Nevada, with convenient on-site parking and access to the community’s common spaces. The listing notes proximity to schools and shopping, and that the property is just a few blocks from Pyramid Highway for local access.
For buyers looking for a low-maintenance, age-qualified living setup, this co-op configuration offers a practical floorplan with climate-supporting improvements and enclosed parking through the attached 1-car garage. The community setting provides shared common areas, while the location supports everyday convenience given the stated closeness to schools and shopping.
Key Highlights
- 2‑bedroom, 1‑bath apartment with a 1‑car garage and ceiling fan(s
- 55+ co‑op community with access to common areas and convenient on‑site parking
- Appliances include refrigerator, dishwasher, disposal, electric cooktop, and electric oven/range
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 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom, one-bath co-op apartment with a 1-car garage, additional A/C, and access to shared common areas.
Where is this residential income property located?
The property is located at 1945 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $116,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath apartment with a 1‑car garage and ceiling fan(s; 55+ co‑op community with access to common areas and convenient on‑site parking; Appliances include refrigerator, dishwasher, disposal, electric cooktop, and electric oven/range
