55+ Multi-Family Condo
1945 4th Street Sparks, NV 89431
For Sale
$120,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$127.66
Days on Market129
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, Bathroom 1, Bedroom 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 Agency:
Dickson Realty - Caughlin
(775) 746-7000
Listed By:
Chris Yochum · License #BS.146893
(775) 432-4020
Added: Mar 19
Changed: Jul 2
Last Checked: Jul 25 at 9:06PM
MLS# 260003108
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 for-sale 55+ multi-family condo unit is located at 1945 4th Street in Sparks. The home is an upstairs layout offering two bedrooms and one full bathroom, along with a convenient single-car garage. Residents also have access to a beautifully maintained courtyard for relaxing or visiting with neighbors. Association fees include water, trash, and sewer, helping support predictable monthly expenses.
The property is zoned MF-4 and positioned near shopping, dining, entertainment, public transportation, and parks, providing everyday conveniences within a well-connected area.
As presented, the offering includes the core unit configuration and community courtyard setting, supported by association fee coverage for water, trash, and sewer.
The property is zoned MF-4 and positioned near shopping, dining, entertainment, public transportation, and parks, providing everyday conveniences within a well-connected area.
As presented, the offering includes the core unit configuration and community courtyard setting, supported by association fee coverage for water, trash, and sewer.
Key Highlights
- 55+ community upstairs unit with 2 bedrooms and 1 full bath
- Single‑car garage plus open parking
- Association fees include water, trash, and sewer
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 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 19.41%
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
FAQs
What type of property is this?
Residential income property - Upstairs 2-bedroom, 1-bath unit with a single-car garage in a 55+ community with courtyard and utilities included.
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 $120,000.
What are key features of this property?
This property features: 55+ community upstairs unit with 2 bedrooms and 1 full bath; Single‑car garage plus open parking; Association fees include water, trash, and sewer
