Duplex With Separate Living
New
For Sale
$365,000
526 7th Street, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size1,330 SF
Lot Size0.14 Acres
Price / SF$274.44
Days on Market3
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, Bedroom 1, Bathroom 2
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
Active
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
Natural Gas, Forced Air, Wall Furnace
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
Composition, Shingle
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Isabel Concha-Foley · License #S.189583
(775) 790-1387
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 6:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,537
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
