Two-Unit Duplex with Bonus
For Sale
$525,000
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$314.56
Days on Market55
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:
RE/MAX Connection
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Sep 12
Changed: Nov 5
Last Checked: Nov 4 at 12:46PM
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 RE/MAX Connection
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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 / Yr
$20,753
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
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
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 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 3.95%
Second Best
Apartment 5plus
$265.3K
$232.2K – $309.6K
NOI $18,573 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$590.8K
$516.9K – $689.2K
NOI $41,354 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
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 $525,000.
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
