Duplex with Private
For Sale
$884,900
1980 Zephyr Way, Sparks, NV 89431
Both residences include in-unit laundry, central heating and air, and private outdoor areas.
Property Size2,363 SF
Price / SF$374.48
Days on Market9
Property Features for 1980 Zephyr Way
General Information
Standard status
Active
Size
2,363 SF
Property subtype
Multi-Family
Building Details
Year Built
2007
Listing Agency:
Cowboy Country Realty
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 5:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cowboy Country Realty
Investment Insights
Based on property information with market context.
Built in 2007, this 2,363-square-foot duplex contains two occupied 2-bedroom, 2-bath units. One residence 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. Each unit has an open living area, a kitchen with ample cabinet and counter space, in-unit laundry, central heating and air, and private outdoor space. Durable flooring and neutral interiors are also present in both residences.
The property is in Sparks, Nevada, near shopping, dining, and area amenities. Both units have long-term tenants in place.
The property is in Sparks, Nevada, near shopping, dining, and area amenities. Both units have long-term tenants in place.
Key Highlights
- Two 2‑bedroom, 2‑bath units, both occupied by long‑term tenants
- 2,363 square feet total
- Approximately 1,230‑square‑foot unit with a 2‑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
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 include in-unit laundry, central heating and air, and private outdoor areas.
Where is this duplex located?
The property is located at 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, both occupied by long‑term tenants; 2,363 square feet total; Approximately 1,230‑square‑foot unit with a 2‑car garage
