1947 H Street Sparks, NV 89431
MULTI_FAMILY - Sparks, NV
Property size:
4,392 SFLot size:
0.35 AcresPrice / SF:
$295/SF- Added:
- Feb 17, 2026
- Days on Market:
- 79
- Last Refresh:
- May 7 at 6:06 pm
Property Features for 1947 H Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MUD
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 8, Bedroom 10, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 9, Bathroom 6, Bedroom 7, Bathroom 5
- Parking
- 2
- Parking features
- Alley
- Window features
- Triple Pane Windows
- Appliances
- ENERGY STAR Qualified Appliances, Dishwasher, Dryer, Electric Oven, Electric Range, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Standard status
- Active Under Contract
- APN
- 031-262-03 & 031-262-04
- Size
- 4,392 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2753
Utilities
- Sewer type
- Public Sewer
- Heating system
- Varies by Unit (Heating), Wall Furnace, Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Varies by Unit
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Asbestos, Stucco, Wood Siding
- Roof type
- Asphalt
Listing agent Corry Castaneda License #B.1001732 (775) 745-2194
Listing office Chase International-Damonte 985 Damonte Ranch Pkwy Ste 110, Reno, NV (775) 850-5900
Listing date Feb 17, 2026
MLS# 260001826
Listing URL
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
- Turnkey, fully leased 6‑unit multifamily property generating $102,000 gross annual income and $81,422 net operating income.
- Attractive 6.27% cap rate based on actuals, not pro forma, at the asking price.
- Located near downtown Sparks in the highly sought‑after Reno market, offering long‑term redevelopment upside.
- All units include in‑unit washer and dryer; most appliances are newer, with five units having dishwashers and four having built‑in microwaves.
- Property is situated on two parcels totaling approximately 0.345 acres, providing development flexibility.
- Ideal 1031 exchange replacement property with stabilized operations and appreciation potential in a growing market.
Overview
Sparks Multifamily Investment Opportunity
This is a six-unit multifamily property located near downtown Sparks, Nevada. The property features four 2-bed/1-bath units and two 1-bed/1-bath units. Situated on two parcels totaling approximately 0.345 acres (+/-15,028 square feet), the property consists of +/-4,392 square feet of existing residential improvements supported by municipal gas, electric, water, and sewer. The property is currently generating 102,000K in gross annual income and 81,422K in net operating income. The property is 100 percent leased. Tenants are responsible for gas and electricity through NV Energy, billed via individually metered service. Most appliances are newer. Five of the six units include dishwashers, and four feature built-in microwave ovens. Every unit has its own in-unit washer and dryer. The property has full landscaping sprinklers and drip irrigation systems installed. The property is located in a growing Northern Nevada submarket and is zoned MUD. It is an ideal 1031 exchange replacement property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.769798
- Latitude
- 39.540553
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey six-unit multifamily property near downtown Sparks, Nevada.
Where is this apartment building located?
The property is located at 1947 H Street Sparks, NV.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Turnkey, fully leased 6‑unit multifamily property generating $102,000 gross annual income and $81,422 net operating income.; Attractive 6.27% cap rate based on actuals, not pro forma, at the asking price.; Located near downtown Sparks in the highly sought‑after Reno market, offering long‑term redevelopment upside.
