1945 4th Street, Sparks, NV 89431
- Added:
- Feb 4, 2026
- Days on Market:
- 128
- Last Refresh:
- Jun 12 at 2:06 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 2, Bedroom 1
- Parking
- 1
- Parking features
- Open, Garage
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Primary Downstairs
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Microwave
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Flooring type
- Carpet
- Building materials
- Asbestos
- Roof type
- Composition, Shingle
Listing agent Tiffany Perkins License #S.187876 (775) 343-9624
Listing office Hello Real Estate Center 8060 Double R Blvd #400, RENO, NV (775) 622-6688
Listing date Feb 4, 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
- 55+ co‑op community home with primary bedroom downstairs
- Year built 1960 with composition shingle roof
- Appliances include dishwasher, disposal, electric cooktop, and microwave
- Heating: natural gas and wall furnace; cooling: window/wall unit(s)
- Parking includes garage and open parking
- Public water and public sewer; cable available
Overview
The property is situated at 1945 4th Street in Sparks, Nevada (Washoe County). With zoning designated as MF-4, the home is positioned within a residential multifamily framework under the local land-use classification provided.
For buyers looking for easy, low-maintenance living, this co-op arrangement is designed to simplify ongoing expenses and create a built-in sense of community, according to the seller’s remarks. The combination of a maintained interior, newer windows, and landscaping-ready surroundings can make day-to-day living more straightforward from day one. Cash-only terms and co-op ownership are key considerations for anyone evaluating fit, along with the value of having furnishings included as part of the purchase.
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
- -119.748885
- Latitude
- 39.549754
