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    Sparks, NV Multifamily Properties for Sale

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    Reno, NV Sun Valley, NV Spanish Springs, NV Virginia City, NV Verdi, NV Chilcoot, CA Washoe Valley, NV Dayton, NV
    Top-Floor End Unit Co-Op Home
    Updated: Feb 5
    Top-Floor End Unit Co-Op Home

    1940 4th Street, Sparks, NV 89431

    $133,000
    940 sqft
    55+ (age 50+ may qualify) top‑floor end unit in a co‑op community, with buyer approval required
    2‑bedroom, 1‑bath layout with primary downstairs and ceiling fan(s)
    New carpet and plantation shutters in the living and dining areas
    Kitchen appliances include dishwasher, disposal, electric cooktop, and refrigerator
    Detached garage plus a portable window A/C included; window/wall unit cooling
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    This listing looks promising.

    Here's a quick look at some key insights for

    1940 4th Street, Sparks, NV 89431

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $10K
      Annual

    • Price @ 7% Cap

      $149K
      Above asking

    • Property Type

      Residential Income
      Built 1960
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    Two-Home Residential Income Property
    Updated: Jun 10
    Two-Home Residential Income Property

    947 I Street, Sparks, NV 89431

    $695,000
    2,477 sqft 0.21 AC lot
    Investment with a 6.8% cap rate: two separate homes on one parcel
    Rear home is occupied by a long‑term month‑to‑month tenant, providing immediate rental income
    Front home is vacant and refreshed with new interior paint, a new stove, and a new dishwasher
    Front home includes a private fenced yard
    Utilities: public water and public sewer
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    Sparks Multifamily Investment Opportunity
    Sparks Multifamily Investment Opportunity

    1018 E Street lot: 1018, 1016, 1018-1/2 E Street, Sparks, NV 89431

    $699,900
    2,144 sqft 0.11 AC lot

    Three-unit property in Sparks, NV, near amenities and freeway.

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    Sparks Multifamily Investment Opportunity
    Sparks Multifamily Investment Opportunity

    1947 G Street, Sparks, NV 89431

    $625,000
    1,417 sqft 0.14 AC lot

    Two houses on one parcel, ideal for investors.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 4 Active listings in Sparks, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Reno Fourplex Investment Opportunity
    Reno Fourplex Investment Opportunity

    650 Denslowe Drive lot: A, B, C, D, Reno, NV 89512

    $740,000
    2,966 sqft 0.14 AC lot

    Four-unit property near UNR with immediate cash flow.

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    Multifamily Investment Near Midtown Reno
    Multifamily Investment Near Midtown Reno

    1761 Stewart St, Reno, NV 89502

    $1,075,000
    4,256 sqft

    Multifamily investment property featuring six spacious units near Midtown Reno.

    View details
    Multifamily Development Parcel with Two Homes
    Multifamily Development Parcel with Two Homes

    3325 Clear Acre Lane, Reno, NV 89512

    $1,432,000
    1.54 AC lot

    1.54-acre parcel with two existing houses, generating immediate rental income per remarks, with flexibility for future development.

    View details
    Turnkey Multifamily Investment Opportunity
    Turnkey Multifamily Investment Opportunity

    2151 Patton Drive, Reno, NV 89512

    $1,450,000
    6,816 sqft

    Fully occupied 8-unit property with strong income and recent upgrades.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land in Carson City, Nevada
    Land in Carson City, Nevada

    2387 Sneddon Way, Carson City, NV 89706

    $150,000

    Land available in Carson City, Nevada.

    View details
    Silver Springs Land For Sale
    Silver Springs Land For Sale

    3155 Quince Avenue, Silver Springs, NV 89429

    $65,000
    4.72 AC lot

    4.72 acre lot in Silver Springs, Nevada.

    View details
    Plumas County 5-Acre Residential Land
    Plumas County 5-Acre Residential Land

    350 Espinal DR, Portola, CA 96122

    $50,000
    5.06 AC lot

    5-acre residential land parcel in Plumas County, California.

    View details
    Mountain View Acreage in Berry Creek
    Mountain View Acreage in Berry Creek

    374 Jatko, Berry Creek, CA 95916

    $125,000
    6.79 AC lot

    6.79 acres of terraced land with mountain views.

    View details

    Off-Market Properties in Sparks, NV

    Consider similar Off-Market properties in Sparks, NV. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    401 Cyn Way
    MOBILE HOME PARK, TRAILER PARK

    401 Cyn Way, Sparks, NV 89434-9556

    Value Estimation by Request
    17.95 AC lot
    View details
    6560 Pyramid Way
    MOBILE HOME PARK, TRAILER PARK

    6560 Pyramid Way, Sparks, NV 89436-9645

    $5,310,000
    Estimated value
    7.26 AC lot
    View details
    105 Jacqueline Way
    MOBILE HOME PARK, TRAILER PARK

    105 Jacqueline Way, Sparks, NV 89431-0929

    $1,365,000
    Estimated value
    2.25 AC lot
    View details
    695 Greg St
    MOBILE HOME PARK, TRAILER PARK

    695 Greg St, Sparks, NV 89431-7156

    $5,400,000
    Estimated value
    1,512 sqft 6.60 AC lot
    View details
    501 El Rancho Dr
    MOBILE HOME PARK, TRAILER PARK

    501 El Rancho Dr, Sparks, NV 89431-4176

    Value Estimation by Request
    7.25 AC lot
    View details
    6550 Pyramid Way
    MOBILE HOME PARK, TRAILER PARK

    6550 Pyramid Way, Sparks, NV 89436-9635

    $500,000
    Estimated value
    14.82 AC lot
    View details
    2190 Prater Way
    MOBILE HOME PARK, TRAILER PARK

    2190 Prater Way, Sparks, NV 89431-6955

    Value Estimation by Request
    1,794 sqft 1.47 AC lot
    View details
    451 Cyn Way
    MOBILE HOME PARK, TRAILER PARK

    451 Cyn Way, Sparks, NV 89434-9605

    Value Estimation by Request
    38.00 AC lot
    View details
    2006 Prater Way
    MOBILE HOME PARK, TRAILER PARK

    2006 Prater Way, Sparks, NV 89431-6900

    $755,000
    Estimated value
    1,606 sqft 4.32 AC lot
    View details
    106 Victorian Ave
    MOBILE HOME PARK, TRAILER PARK

    106 Victorian Ave, Sparks, NV 89431-5444

    Value Estimation by Request
    5.11 AC lot
    View details
    2300 Prater Way
    MOBILE HOME PARK, TRAILER PARK

    2300 Prater Way, Sparks, NV 89431-6957

    $775,000
    Estimated value
    1,105 sqft 5.31 AC lot
    View details
    1019 Rock Blvd
    MOBILE HOME PARK, TRAILER PARK

    1019 Rock Blvd, Sparks, NV 89431-0931

    Value Estimation by Request
    0.54 AC lot
    View details
    230 Mellen Ave
    MOBILE HOME PARK, TRAILER PARK

    230 Mellen Ave, Sparks, NV 89431-4355

    Value Estimation by Request
    2.45 AC lot
    View details
    205 Nichols Blvd
    MOBILE HOME PARK, TRAILER PARK

    205 Nichols Blvd, Sparks, NV 89431-5445

    $795,000
    Estimated value
    3,623 sqft 4.64 AC lot
    View details
    314 Rock Blvd
    Multifamily properties

    314 Rock Blvd, Sparks, NV 89431

    Value Estimation by Request
    3,669 sqft 0.33 AC lot
    View details
    11440 Digital Ct
    Multifamily properties

    11440 Digital Ct, Sparks, NV 89441

    Value Estimation by Request
    564 sqft
    View details
    2011 H St
    Multifamily properties

    2011 H St, Sparks, NV 89431

    Value Estimation by Request
    0.14 AC lot
    View details
    11440 Digital Ct
    Multifamily properties

    11440 Digital Ct, Sparks, NV 89441

    Value Estimation by Request
    504 sqft
    View details
    512 Pyramid Way
    Multifamily properties

    512 Pyramid Way, Sparks, NV 89431

    Value Estimation by Request
    1,760 sqft
    View details
    542 7Th St
    Multifamily properties

    542 7Th St, Sparks, NV 89431

    Value Estimation by Request
    9,114 sqft 0.28 AC lot
    View details

    Sparks, NV Multifamily Properties Market Trends and Statistics

    Explore 25 multifamily properties for sale in Sparks, NV, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,978 square feet of properties for sale, with an estimated market value of $2,152,900.

    Sale prices for multifamily properties in Sparks, NV start at $133,000, averaging $538,225, and reaching up to $699,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Triplexes 1

    Demographics Overview

    Population 131K
    Population Growth (5Y) +9.0%
    Median Household Income $93,001
    College Educated 21.4%

    High-Yield Neighborhoods for Investment

    Identify Sparks submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    89431 $3M

    Taxes & Financing

    Tax Rate (average for all types) 3.04%
    Property Tax per SF $41.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washoe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washoe County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Sparks fall within the 100,000+ square foot range.

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