1945 4th Street Sparks, NV 89431
MULTI_FAMILY - Sparks, NV
- Added:
- Dec 8, 2025
- Days on Market:
- 218
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 1945 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF-4
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 1
- Parking features
- Garage, Alley
- Window features
- Blinds, Double Pane Windows
- Patio and Porch features
- Patio
- Interior features
- Primary Downstairs
- Appliances
- Dishwasher, Electric Oven, Gas Cooktop, Oven, Refrigerator
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
- Lot size
- 3.51 Acres
Utilities
- Utilities
- Water 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
- Vinyl, Carpet
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Ashley Evans License #S.188806 (775) 233-7005
Listing office Dickson Realty - Sparks 4870 Vista Blvd, Reno, NV (775) 685-8800
Listing date Dec 8, 2025
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.
Set in Sparks, the property is positioned for convenient access to local shopping and dining, as well as Downtown Sparks. The area is noted in the remarks for year-round events, including live concerts and community favorites such as the Nugget Rib Cook-Off and Hot August Nights.
For buyers seeking simplified single-level living, this ground-level layout and courtyard setting may appeal as an owner-occupied option in a structured 55+ environment. The combination of an attached single-car garage and minimal exterior responsibilities supports day-to-day convenience, while the community setting keeps residents close to nearby everyday amenities.
Key Highlights
- 55+ community ground‑level 2‑bedroom, 1‑bath home
- Brick construction with shingle roof and indoor flooring of vinyl and carpet
- Primary bedroom downstairs (primary downstairs feature)
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 |
