Updated 55+ Co-Op Bottom
1945 4th Street Sparks, NV 89431
For Sale
$148,000
MULTI_FAMILY - Sparks, NV
Property Size940 SF
Price / SF$157.45
Days on Market117
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 1, Bedroom 2, Bathroom 1
- Parking
- 1
- Parking features
- Garage
- Window features
- Double Pane Windows, Vinyl Frames
- Interior features
- Ceiling Fan(s)
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Refrigerator
- Standard status
- Active
- APN
- 028-310-07
- Size
- 940 SF
Utilities
- Utilities
- Natural Gas 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
- Building materials
- Asbestos, Brick
- Roof type
- Composition, Shingle
Listing Agency:
Hello Real Estate Center
(775) 622-6688
Listed By:
Tiffany Perkins · License #S.187876
(775) 343-9624
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 25 at 11:06PM
MLS# 260003697
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 updated bottom-level co-op unit offers a thoughtfully remodeled interior with an updated kitchen, upgraded flooring, and a refreshed bathroom featuring dual access for added convenience. Recessed lighting and a newer electrical panel provide modern comfort. The home is part of a 55+ community where age 50+ may be considered with board approval, and the property includes a nearby detached garage for parking and storage.
The co-op is located in Sparks, Nevada. The monthly association fee includes property taxes, water, sewer, heater maintenance, and assistance with the hot water heater, creating a simplified, more predictable expense structure.
For purchase, cash is required, and buyers must be approved by the co-op association board. The property is listed for sale under zoning MF-4.
The co-op is located in Sparks, Nevada. The monthly association fee includes property taxes, water, sewer, heater maintenance, and assistance with the hot water heater, creating a simplified, more predictable expense structure.
For purchase, cash is required, and buyers must be approved by the co-op association board. The property is listed for sale under zoning MF-4.
Key Highlights
- Bottom‑level 55+ co‑op home with age 50+ considered with board approval
- Remodeled interior with updated kitchen, refreshed bathroom with dual access, and recessed lighting
- Wall furnace heating and wall/window A/C (window unit(s)) for cooling
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 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Bottom-level 55+ co-op unit with remodeled kitchen, refreshed dual-access bath, recessed lighting, and newer electrical panel.
Where is this apartment building located?
The property is located at 1945 4th Street Sparks, NV.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: Bottom‑level 55+ co‑op home with age 50+ considered with board approval; Remodeled interior with updated kitchen, refreshed bathroom with dual access, and recessed lighting; Wall furnace heating and wall/window A/C (window unit(s)) for cooling
