Duplex with Separate
For Sale
$480,000
534 13th Street, Sparks, NV 89431
Residential Income, Sparks, NV
Property Size1,367 SF
Lot Size0.18 Acres
Price / SF$351.13
Days on Market51
Property Features for 534 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
RV
Window features
Single Pane Window(s), Blinds, Double Pane Windows
Patio and Porch features
Patio
Exterior features
Rain Gutters
Fireplace
1
Appliances
Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
Subdivision
Prater Addition To Sparks
Lot features
Level, Sprinklers In Front
Elementary school
Mitchell
Middle school
Sparks
High school
Sparks
Standard status
Active
APN
032-084-13
Size
1,367 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
1092
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Fireplace(s), Pellet Stove, Wood, Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
private outdoor spaces
low-maintenance paver patios
storage space
off-street parking
alley access
Building Details
Year built
1915
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Vinyl, Carpet
Building materials
Brick Veneer, Frame, Vinyl Siding, Wood Siding
Roof type
Shingle, Composition
Additional Structures
Residence
Listing Agency:
LPT Realty, LLC
(775) 544-1328
Listed By:
Nick Briglia · License #S.196783
(775) 204-2290
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 24 at 7:06AM
MLS# 260011541
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 Sparks duplex comprises two separate one-bedroom, one-bath residences without shared walls. The property totals 1,367 square feet on a 0.18-acre parcel, and both homes have updated finishes and private outdoor areas. One residence is tenant-occupied; the other can be occupied or rented. Separate electric meters serve the homes, and the site includes fenced areas, paver patios, storage, and off-street parking.
Located at 534 13th Street, the property has alley access and is near Downtown Sparks, shopping, dining, parks, and freeway access. It is zoned MUD and was built in 1915. Public water and sewer serve the property.
Located at 534 13th Street, the property has alley access and is near Downtown Sparks, shopping, dining, parks, and freeway access. It is zoned MUD and was built in 1915. Public water and sewer serve the property.
Key Highlights
- Two separate 1‑bedroom, 1‑bath residences with no shared walls
- 1,367 square feet on a 0.18‑acre parcel
- One residence is tenant‑occupied; the other is available for occupancy or rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,997
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,940
$339.9K
Cap Rate 7%
$242,814
$242.8K
Cap Rate 9%
$188,856
$188.9K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$25.4K $18.60/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$24.3K $17.76/SF
− OpEx
−$7.3K −$5.33/SF
NOI
$17.0K $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%
$339,940
Cap Rate 7%
$242,814
Cap Rate 9%
$188,856
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.5K
NOI $15,212 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$483.9K
$423.4K – $564.5K
NOI $33,871 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,087
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom homes have private outdoor areas, separate electric meters, and off-street parking.
Where is this duplex located?
The property is located at 534 13th Street Sparks, NV.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bath residences with no shared walls; 1,367 square feet on a 0.18‑acre parcel; One residence is tenant‑occupied; the other is available for occupancy or rental
