Duplex with Private
For Sale
$884,900
1980 Zephyr Way lot 1980 Zephyr Way, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size2,363 SF
Lot Size0.37 Acres
Price / SF$374.48
Days on Market11
Property Features for 1980 Zephyr Way lot 1980 Zephyr Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking
1
Parking features
Garage, Open
Security features
Security System
Window features
Blinds, Double Pane Windows, Vinyl Frames
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
027-541-04
Size
2,363 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
4411
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
in-unit laundry
private outdoor space
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate
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: Oct 2
Last Checked: Oct 6 at 7:06AM
MLS# 260012449
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 Sparks duplex contains two 2-bedroom, 2-bath residences totaling 2,363 square feet. One unit measures approximately 1,230 square feet and has a 2-car garage; the other is approximately 1,133 square feet with a 1-car garage. Both homes have open living areas, kitchens with cabinet and counter space, in-unit laundry, central heating and air, and private patios. Laminate and ceramic tile flooring, stucco construction, and a tile roof are among the property’s physical features. The building was constructed in 2007, and the 0.37-acre parcel is zoned MF-2.
Both units are currently occupied by long-term tenants. Public water and sewer serve the property, and cable is available. On-site parking includes garage and open parking.
Both units are currently occupied by long-term tenants. Public water and sewer serve the property, and cable is available. On-site parking includes garage and open parking.
Key Highlights
- Two 2‑bedroom, 2‑bath units
- Approximately 1,230‑square‑foot unit with a 2‑car garage
- Approximately 1,133‑square‑foot unit with a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,382
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,640
$587.6K
Cap Rate 7%
$419,743
$419.7K
Cap Rate 9%
$326,467
$326.5K
Market Conditions
NOI Build-Up for 2,363 SF
Gross rent
$44.0K $18.60/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$42.0K $17.76/SF
− OpEx
−$12.6K −$5.33/SF
NOI
$29.4K $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%
$587,640
Cap Rate 7%
$419,743
Cap Rate 9%
$326,467
Alternative Uses
Best Use
Multifamily LT 5
$419.7K
$367.3K – $489.7K
NOI $29,382 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$375.7K
$328.7K – $438.3K
NOI $26,296 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$836.4K
$731.9K – $975.8K
NOI $58,550 @ 7.0% cap · market cap 6.62%
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 - Both residences are tenant-occupied and include in-unit laundry, central air, and private outdoor space.
Where is this duplex located?
The property is located at 1980 Zephyr Way lot 1980 Zephyr Way Sparks, NV.
What is the asking price?
The asking price for this property is $884,900.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units; Approximately 1,230‑square‑foot unit with a 2‑car garage; Approximately 1,133‑square‑foot unit with a 1‑car garage
