1945 4th Street, Sparks, NV 89431
- Added:
- Mar 19, 2026
- Days on Market:
- 82
- Last Refresh:
- Jun 8 at 8:06 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, Open
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Oven, Refrigerator
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Carpet, Tile - Ceramic
- Roof type
- Composition
Listing agent Chris Yochum License #BS.146893 (775) 432-4020
Listing office Dickson Realty - Caughlin 1030 Caughlin Crossing, Reno, NV (775) 746-7000
Listing date Mar 19, 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
- Upstairs 55+ community unit in Sparks with 2 bedrooms and 1 full bath
- Single‑car garage plus open parking
- Association fees include water, trash, and sewer
- Appliances include refrigerator, dishwasher, disposal, electric cooktop, and oven
- Heating: wall furnace; cooling: evaporative cooling
- Roof is composition; flooring includes carpet and ceramic tile
Overview
The home is located in Sparks, Nevada, within Washoe County. The association fees include water, trash, and sewer, which can simplify budgeting by covering key utility services. The community is positioned for everyday convenience, with access to shopping, dining, entertainment, public transportation, and parks.
For prospective buyers seeking a low-maintenance, owner-occupied option within a senior-focused community, this unit’s straightforward layout and included utility services are practical considerations. The combination of an upstairs arrangement, two-bedroom configuration, and single-car garage supports comfortable day-to-day living, while the maintained courtyard adds a communal element within the property setting.
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
