Two-Unit
For Sale
$365,000
Pending
526 7th St, Sparks, NV 89431
Two separate living spaces support flexible occupancy arrangements in a central Sparks setting.
Property Size1,330 SF
Days on Market50
Property Features for 526 7th St
General Information
Standard status
Pending
Size
1,330 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1907
Buildings
1
Listing Agency:
Keller Williams Group One Inc
Listed By:
Deni Wilson RE Team
(775) 240-3060
Source:
Renotahoenvlistings
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 16 at 8:20AM
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 Keller Williams Group One Inc
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Investment Insights
Based on property information with market context.
This duplex at 526 7th St in Sparks contains two separate living units within 1,330 square feet. The configuration provides distinct living spaces for occupants and can accommodate rental use, owner occupancy, or multigenerational living. Built in 1907, the property is being sold in its current AS-IS condition.
The property is positioned near shopping, dining, schools, parks, and major roadways, with access to the broader Reno-Sparks area. Its two-unit layout offers flexibility for buyers considering an income-producing property or a residence with an additional living unit.
The property is positioned near shopping, dining, schools, parks, and major roadways, with access to the broader Reno-Sparks area. Its two-unit layout offers flexibility for buyers considering an income-producing property or a residence with an additional living unit.
Key Highlights
- Two separate living units
- 1,330 square feet
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,537
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,740
$330.7K
Cap Rate 7%
$236,243
$236.2K
Cap Rate 9%
$183,744
$183.7K
Market Conditions
NOI Build-Up for 1,330 SF
Gross rent
$24.7K $18.60/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$23.6K $17.76/SF
− OpEx
−$7.1K −$5.33/SF
NOI
$16.5K $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%
$330,740
Cap Rate 7%
$236,243
Cap Rate 9%
$183,744
Alternative Uses
Best Use
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,537 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.7K
NOI $14,800 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$470.8K
$411.9K – $549.3K
NOI $32,955 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
812
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces support flexible occupancy arrangements in a central Sparks setting.
Where is this duplex located?
The property is located at 526 7th St Sparks, NV.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two separate living units; 1,330 square feet; Built in 1907
