1945 4th Street Sparks, NV 89431
MULTI_FAMILY - Sparks, NV
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
- Garage, Open
- Window features
- Double Pane Windows, Drapes, Blinds
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Primary Downstairs
- Appliances
- Disposal, Electric Cooktop, Oven
- Standard status
- Active
- APN
- 028-310-07
- Size
- 945 SF
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Cooling system
- Window Unit(s), Electric, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Carpet
- Building materials
- Asbestos
- Roof type
- Shingle, Composition
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 May 2, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Bottom corner unit in a 55+ co‑op community in an owner‑occupied setting
- Cash purchase only; buyer must be approved by the co‑op association board (buyer/agent to verify information)
- 3 wall‑mounted Roku TVs on swivel stands and a reverse osmosis drinking water filter system
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 | $20.0k | $21.12 |
| − Vacancy | −$838 | −$0.89 |
| EGI | $19.1k | $20.23 |
| − OpEx | −$8.6k | −$9.10 |
| NOI | $10.5k | $11.13 |
