Duplex With Separate Living
For Sale
$365,000
Pending
526 7th Street, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size1,330 SF
Lot Size0.14 Acres
Days on Market52
Property Features for 526 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Alley
Window features
Double Pane Windows
Appliances
Dryer, Electric Oven, Electric Range, Washer
Subdivision
O'Sullivan Addition
Lot features
Level, Sprinklers In Front, Sprinklers In Rear
Elementary school
Lincoln Park
Middle school
Dilworth
High school
Sparks
Directions
Pyramid to F Street to 7th Street
Standard status
Pending
APN
033-242-12
Size
1,330 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
975
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Wall Furnace, Natural Gas
Water source
Public
Building Details
Year built
1907
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick Veneer, Frame, Masonite
Roof type
Shingle, Composition
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Isabel Concha-Foley · License #S.189583
(775) 790-1387
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 16 at 8:06PM
MLS# 260011037
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 duplex at 526 7th Street contains two separate living units within 1,330 square feet. The property is being offered in its current AS-IS condition. Interior features include laminate flooring, forced-air and wall-furnace heating with natural gas, plus electric range, electric oven, washer, and dryer. Construction includes brick veneer, frame, and Masonite components, with a shingle and composition roof.
The property occupies 0.14 acres in Sparks, with alley parking and access to public water and public sewer. Cable is available. Built in 1907, the duplex is near shopping, dining, schools, parks, major roadways, and other Reno-Sparks area amenities. MUD zoning is identified for the property.
The property occupies 0.14 acres in Sparks, with alley parking and access to public water and public sewer. Cable is available. Built in 1907, the duplex is near shopping, dining, schools, parks, major roadways, and other Reno-Sparks area amenities. MUD zoning is identified for the property.
Key Highlights
- Two separate living units within a 1,330‑square‑foot duplex
- 0.14‑acre property in Sparks, NV
- MUD zoning
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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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 independent residences support flexible occupancy and rental use in Sparks.
Where is this duplex located?
The property is located at 526 7th Street 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 within a 1,330‑square‑foot duplex; 0.14‑acre property in Sparks, NV; MUD zoning
