Entity Owned Property summary
This exceptional 23-unit apartment complex, known as Sparks Studios, presents a compelling investment opportunity. Located at 2150 Victorian Ave, Sparks, NV 89431, this multifamily property boasts a total of 5,089 square feet situated on a 0.52-acre lot. Built in 1943 and extensively renovated in 2021, the property comprises two one-story buildings and offers a mix of studio and one-bedroom units ranging from 220 to 400 square feet. The property features on-site laundry facilities and ample… parking. Adding to its unique appeal are three rentable travel trailers, currently generating $1,300 each per month and operating with a waiting list, and five fully furnished units dedicated to short-term rentals, providing additional revenue streams. Recent renovations include a new roof, water heaters, electrical upgrades, gas and sewer line repairs, new flooring, paint, and kitchenettes. The property's strong financial performance is reflected in its $2,800,000 asking price, a $550.21 price per square foot, a 7.90% cap rate, and a net operating income (NOI) of $221,104. The property is zoned MUD and has a Washoe County APN of 032-023-06. Seller financing is available. Detailed financial information, including a rent roll, is available upon request. This property offers a blend of stable long-term rental income and the potential for increased revenue through short-term rentals and the unique travel trailer units. The convenient Sparks location near Victorian Square provides easy access to amenities and public transportation.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
3 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 5,089 SF
- Lot area
- 0.52 ac
- Year built
- 1943
- Stories
- 1
- APN
- 032-023-06
- Zoning
- MUD
- Assessed value · 2023
- $133,412
- Annual tax · 2023
- $4,682
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
These districts provide a mix of uses, including high-density residential. The district allows vertical and/or horizontal mixing of uses on sites. The regulations create mix of uses with an efficient and compact developm…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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