Quadplex Property with Separate
414 F Street, Sparks, NV 89431
For Sale
$1,580,000
Commercial Sale, Sparks, NV
Property Size5,974 SF
Lot Size0.28 Acres
Price / SF$264.48
Days on Market93
Property Features for 414 F Street
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Window features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit washer/dryer
Building Details
Year built
Floors in Building
Flooring type
Roof type
Additional Structures
Listing Agency:
Sierra Nevada Properties-Reno
(775) 689-8228
Listed By:
Dalton Plummer · License NV S.203083
(775) 815-8441
Added: Aug 10
Changed: Oct 2
Last Checked: Nov 10 at 7:06AM
MLS# 260010353
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.
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Investment Insights
Based on property information with market context.
This residential income property combines a newer fourplex with townhome-style units and a separate duplex on one parcel, creating six total units across a practical configuration. The property measures 5,974 square feet on 0.28 acres and was built in 2018. Each unit includes an in-unit washer and dryer, while additional garage space provides separate functional utility. Flooring varies by unit. Heating is provided through forced air, natural gas, and electric systems, with wall or window cooling units. Assigned and alley parking are available.
The property is located at 414 F Street in Sparks, Nevada, near Legends Shopping Mall and major shopping, dining, and entertainment options. Public water and public sewer serve the property, with cable available. Shingle and composition roofing are reported, and the zoning is listed as Mud.
The property is located at 414 F Street in Sparks, Nevada, near Legends Shopping Mall and major shopping, dining, and entertainment options. Public water and public sewer serve the property, with cable available. Shingle and composition roofing are reported, and the zoning is listed as Mud.
Key Highlights
- Six‑unit configuration with a fourplex and separate duplex on one parcel
- 5,974 square feet on a 0.28‑acre parcel
- Fourplex built in 2018 with townhome‑style units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,281
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,485,620
$1.5M
Cap Rate 7%
$1,061,157
$1.1M
Cap Rate 9%
$825,344
$825.3K
Market Conditions
NOI Build-Up for 5,974 SF
Gross rent
$111.1K $18.60/SF
− Vacancy
−$5.0K −$0.84/SF
EGI
$106.1K $17.76/SF
− OpEx
−$31.8K −$5.33/SF
NOI
$74.3K $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%
$1,485,620
Cap Rate 7%
$1,061,157
Cap Rate 9%
$825,344
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.5K – $1.24M
NOI $74,281 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$949.7K
$831.0K – $1.11M
NOI $66,479 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $148,023 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Six-unit residential income property with townhome-style layouts, in-unit laundry, and separate garage space.
Where is this quadplex located?
The property is located at 414 F Street Sparks, NV.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Six‑unit configuration with a fourplex and separate duplex on one parcel; 5,974 square feet on a 0.28‑acre parcel; Fourplex built in 2018 with townhome‑style units
