Duplex with Updated
For Sale
$843,947
1970 Zephyr Way, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size2,092 SF
Lot Size0.34 Acres
Price / SF$403.42
Days on Market11
Property Features for 1970 Zephyr Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF-2
Bedrooms
4
Bathrooms
2
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 3
Parking
1
Parking features
Garage, Open
Security features
Security System
Window features
Vinyl Frames, Double Pane Windows, Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Appliances
Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Subdivision
Gibbons Estates
Lot features
Cul-De-Sac, Landscaped, Level, Sloped Up, Sprinklers In Front, Sprinklers In Rear
Elementary school
Maxwell
Middle school
Sparks
High school
Sparks
Directions
Wedekind to 18th Street - West on Zephyr Way to end of cul-de-sac.
Standard status
Active
APN
027-541-03
Size
2,092 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
3619
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
granite countertops
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate, Carpet
Building materials
Stucco
Roof type
Tile
Listing Agency:
RE/MAX Professionals-Sparks · RE/MAX International
(775) 446-7200
Listed By:
Sara Sharkey · License #BS.145320
(775) 846-9291
Added: Sep 26
Changed: Sep 30
Last Checked: Oct 6 at 10:06AM
MLS# 260012446
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.
Built in 2007, this duplex contains two tenant-occupied residences, each with 2 bedrooms and 2 bathrooms. The combined building area is 2,092 square feet on a 0.34-acre parcel. Both kitchens have been updated with granite countertops; one unit has laminate flooring in its living room and bedrooms, while the other has carpet in those areas. Ceramic tile is also listed among the flooring materials. The property includes a patio, garage and open parking, central air conditioning, and public water and sewer. Zoning is MF-2.
Tenants reimburse sewer and garbage costs. Appliances include a gas range, oven, dishwasher, microwave, refrigerator, washer, and dryer.
Tenants reimburse sewer and garbage costs. Appliances include a gas range, oven, dishwasher, microwave, refrigerator, washer, and dryer.
Key Highlights
- Two tenant‑occupied units, each with 2 bedrooms and 2 bathrooms
- 2,092‑square‑foot building on a 0.34‑acre parcel
- Updated kitchens with granite countertops in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,012
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,240
$520.2K
Cap Rate 7%
$371,600
$371.6K
Cap Rate 9%
$289,022
$289.0K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$38.9K $18.60/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$37.2K $17.76/SF
− OpEx
−$11.1K −$5.33/SF
NOI
$26.0K $12.43/SF
Area
Sparks, NV
Vacancy
4.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,240
Cap Rate 7%
$371,600
Cap Rate 9%
$289,022
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.2K – $433.5K
NOI $26,012 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,280 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$740.5K
$647.9K – $863.9K
NOI $51,835 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 89431, NV
40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer established tenancy, with sewer and garbage costs reimbursed by tenants.
Where is this duplex located?
The property is located at 1970 Zephyr Way Sparks, NV.
What is the asking price?
The asking price for this property is $843,947.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 2 bedrooms and 2 bathrooms; 2,092‑square‑foot building on a 0.34‑acre parcel; Updated kitchens with granite countertops in both residences
