55+ Co-Op Residential Income
1945 4th Street Sparks, NV 89431
For Sale
$135,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$143.62
Days on Market174
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
Open, Garage
Window features
Double Pane Windows, Vinyl Frames
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
Wall Furnace, Natural Gas
Cooling system
Window Unit(s), Wall/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 Agency:
Hello Real Estate Center
(775) 622-6688
Listed By:
Tiffany Perkins · License #S.187876
(775) 343-9624
Added: Feb 4
Changed: Jul 15
Last Checked: Jul 28 at 3:06AM
MLS# 260001313
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 move-in ready co-op residence is located within a 55-and-over community and is offered cash only. The home includes the furniture, supporting a turnkey transition, and it has been thoughtfully maintained throughout. Newer windows and abundant natural light are key features, complemented by mature trees and well-maintained landscaping that contribute to a peaceful, park-like setting.
Zoned MF-4, the property is located at 1945 4th Street in Sparks, Nevada (Washoe County). Co-op ownership provides simplified expenses as described in the remarks.
Zoned MF-4, the property is located at 1945 4th Street in Sparks, Nevada (Washoe County). Co-op ownership provides simplified expenses as described in the remarks.
Key Highlights
- Primary bedroom on the main level (primary downstairs)
- 55+ co‑op community home; cash‑only purchase; includes furniture
- Year built 1960 with composition/shingle roof
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 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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready 55-and-over co-op residence with newer windows and included furniture.
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: Primary bedroom on the main level (primary downstairs); 55+ co‑op community home; cash‑only purchase; includes furniture; Year built 1960 with composition/shingle roof
