Ground-Level Residential Income
For Sale
$135,000
1945 4th Street, Sparks, NV 89431
Residential, Sparks, NV
Property Size940 SF
Lot Size3.51 Acres
Price / SF$143.62
Days on Market303
Property Features for 1945 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF-4
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
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
Lot features
Landscaped, Level, Sprinklers In Front
View
City
Elementary school
Greenbrae
Middle school
Dilworth
High school
Sparks
Directions
Pyramid Way > Greenbrae Dr. > 4th St.
Standard status
Active
APN
028-310-07
Size
940 SF
Lot size
3.51 Acres
Taxes and HOA fees
HOA Fee
$600 Annually
Utilities
Utilities
Water 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, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Dickson Realty - Sparks
(775) 685-8800
Listed By:
Ashley Evans · License #S.188806
(775) 233-7005
Added: Dec 8, 2025
Changed: Oct 2
Last Checked: Oct 7 at 6:06AM
MLS# 250058938
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 940-square-foot ground-level residential income property includes two bedrooms, one bathroom, a primary bedroom on the main level, and a single-car garage. The 1960-built home features brick construction, carpet and vinyl flooring, a wall furnace, window and wall/window cooling units, and a patio adjoining the community courtyard. The kitchen includes a dishwasher, electric oven, gas cooktop, and refrigerator.
Located at 1945 4th Street in Sparks, the property is within minutes of shopping, dining, and Downtown Sparks. Public water and sewer serve the home, with water available and public water listed as the source. The property carries MF-4 zoning and sits on a 3.51-acre lot.
Located at 1945 4th Street in Sparks, the property is within minutes of shopping, dining, and Downtown Sparks. Public water and sewer serve the home, with water available and public water listed as the source. The property carries MF-4 zoning and sits on a 3.51-acre lot.
Key Highlights
- 940 square feet with 2 bedrooms and 1 bathroom
- Ground‑level layout with primary bedroom downstairs
- Single‑car garage with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,460
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$19.9K $21.12/SF
− Vacancy
−$834 −$0.89/SF
EGI
$19.0K $20.23/SF
− OpEx
−$8.6K −$9.10/SF
NOI
$10.5K $11.13/SF
Area
Sparks, NV
Vacancy
4.20%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level home with a single-car garage in a 55+ community.
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 $135,000.
What are key features of this property?
This property features: 940 square feet with 2 bedrooms and 1 bathroom; Ground‑level layout with primary bedroom downstairs; Single‑car garage with alley access
