Two-Unit Duplex with Bonus
New
For Sale
$550,000
627 C St, Sparks, NV 89431
Both units include in-unit laundry, stainless steel appliances, and window AC units.
Property Size1,669 SF
Price / SF$329.54
Days on Market4
Property Features for 627 C St
General Information
Standard status
Active
Size
1,669 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1917
Buildings
1
Listing Agency:
Chase International - Zc
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Sep 12
Changed: Sep 15
Last Checked: Sep 15 at 7:34AM
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 Chase International - Zc
Investment Insights
Based on property information with market context.
This 1,669-square-foot duplex, built in 1917, contains two residential units with a 2-bedroom, 1-bath layout downstairs and a 1-bedroom, 1-bath layout upstairs. Each unit includes a washer and dryer, stainless steel appliances, and window AC units. The property also has bonus unpermitted living space that may accommodate rental, short-term rental, owner-occupant, or multigenerational use, subject to applicable requirements.
Located at 627 C St, the property is within one block of Victorian Avenue and its event activity. The surrounding area includes 39 North events, Hot August Nights, The Best in West Rib Cook Off, concerts, restaurants, and casino gaming establishments, providing walkable access to those destinations.
Located at 627 C St, the property is within one block of Victorian Avenue and its event activity. The surrounding area includes 39 North events, Hot August Nights, The Best in West Rib Cook Off, concerts, restaurants, and casino gaming establishments, providing walkable access to those destinations.
Key Highlights
- Two‑unit duplex with 1,669 square feet of property size
- Downstairs unit has 2 bedrooms and 1 bath; upstairs unit has 1 bedroom and 1 bath
- Bonus unpermitted living space
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
$20,753
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
3.77%
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%
$415,060
$415.1K
Cap Rate 7%
$296,471
$296.5K
Cap Rate 9%
$230,589
$230.6K
Market Conditions
NOI Build-Up for 1,669 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
$31.0K $18.60/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$29.6K $17.76/SF
− OpEx
−$8.9K −$5.33/SF
NOI
$20.8K $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%
$415,060
Cap Rate 7%
$296,471
Cap Rate 9%
$230,589
Alternative Uses
Best Use
Multifamily LT 5
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$265.3K
$232.2K – $309.6K
NOI $18,573 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$590.8K
$516.9K – $689.2K
NOI $41,354 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
919
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
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 - Both units include in-unit laundry, stainless steel appliances, and window AC units.
Where is this duplex located?
The property is located at 627 C St Sparks, NV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,669 square feet of property size; Downstairs unit has 2 bedrooms and 1 bath; upstairs unit has 1 bedroom and 1 bath; Bonus unpermitted living space
