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    Sparks, NV Residential Income Properties for Sale

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    55+ Co-op Apartment with Garage
    Updated: Apr 7
    55+ Co-op Apartment with Garage

    1945 4th Street, Sparks, NV 89431

    $116,000
    940 sqft
    2‑bedroom, 1‑bath apartment with a 1‑car garage and ceiling fan(s
    55+ co‑op community with access to common areas and convenient on‑site parking
    Appliances include refrigerator, dishwasher, disposal, electric cooktop, and electric oven/range
    Wall/window A/C options plus wall furnace heating
    Exterior includes rain gutters; roof is composition shingle
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    This listing looks promising.

    Here's a quick look at some key insights for

    1945 4th Street, Sparks, NV 89431

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $10K
      Annual

    • Price @ 7% Cap

      $149K
      Above asking

    • Property Type

      Residential Income
      Built 1960
    View Property Analytics
    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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    Main-Floor Condo with Private Patio
    Main-Floor Condo with Private Patio

    1940 4th Street, Sparks, NV 89431

    $145,000
    940 sqft

    Updated end-unit in a well-maintained 50+ community with a private patio, garage, and on-site laundry.

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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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Five-Unit Income Property
    Five-Unit Income Property

    429 10th Street, Sparks, NV 89431

    $1,150,000
    4,009 sqft 0.16 AC lot

    Five well-maintained units across a 1907 duplex and a 1982 triplex, with in-unit laundry and recent roof and exterior updates.

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    55+ Corner Unit with Detached Garage
    55+ Corner Unit with Detached Garage

    1940 4th Street, Sparks, NV 89431

    $129,000
    841 sqft

    Move-in ready corner unit featuring double-pane vinyl windows, updated kitchen and bathroom, plus a detached garage.

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    First-Floor Senior Condo
    First-Floor Senior Condo

    1940 4th Street, Sparks, NV 89431

    $159,900
    940 sqft 0.02 AC lot

    Remodeled 2-bedroom, 1-bath first-floor condo with a private patio in a pet-free senior community.

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    Inviting Corner Unit in Sparks
    Inviting Corner Unit in Sparks

    1945 4th Street, Sparks, NV 89431

    $118,000
    945 sqft

    Relaxed 55+ community living with modern conveniences.

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    Updated 55+ Co-Op Bottom Unit
    Updated 55+ Co-Op Bottom Unit

    1945 4th Street, Sparks, NV 89431

    $148,000
    940 sqft

    Bottom-level 55+ co-op unit with remodeled kitchen, refreshed dual-access bath, recessed lighting, and newer electrical panel.

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    55+ Multi-Family Condo Unit
    55+ Multi-Family Condo Unit

    1945 4th Street, Sparks, NV 89431

    $120,000
    940 sqft

    Upstairs 2-bedroom, 1-bath unit with a single-car garage in a 55+ community with courtyard and utilities included.

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    Top-Floor End Unit Co-Op Home
    Top-Floor End Unit Co-Op Home

    1940 4th Street, Sparks, NV 89431

    $133,000
    940 sqft

    Top-floor end unit in a 55+ co-op community with new carpet, plantation shutters, and a detached garage.

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    55+ Co-Op Residential Income Home
    55+ Co-Op Residential Income Home

    1945 4th Street, Sparks, NV 89431

    $135,000
    940 sqft

    Move-in ready 55-and-over co-op residence with newer windows and included furniture.

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    Retail Store and Residential Rental
    Retail Store and Residential Rental

    1921 Victorian Avenue, Sparks, NV 89431

    $749,999
    2,440 sqft 0.14 AC lot

    Parcel near Victorian Avenue and Kietzke Lane offers a vacant retail storefront in front and a two-story residence in back.

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    55+ Community Ground-Floor Unit
    55+ Community Ground-Floor Unit

    1945 4th Street, Sparks, NV 89431

    $135,000
    940 sqft 3.51 AC lot

    Ground-level 2-bedroom unit with a single-car garage and courtyard access in a well-maintained 55+ community.

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    First-Floor 55+ Co-Op Unit
    First-Floor 55+ Co-Op Unit

    1945 4th Street, Sparks, NV 89431

    $90,000
    940 sqft

    First-floor co-op unit in a 55-and-up community with courtyard setting and a nearby garage for one vehicle or storage.

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    Based on your search, we've compiled 47 Potential Opportunities for your consideration. Besides 15 Active listings in Sparks, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 24 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.

    Residential Income Duplex with Two Houses
    Residential Income Duplex with Two Houses

    3325 Clear Acre Lane, Reno, NV 89512

    $1,432,000
    1,601 sqft 1.54 AC lot

    Two existing houses on a 1.54-acre residential income site in Reno, zoned SF3.

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    End-of-Subdivision Residential Land Lot
    End-of-Subdivision Residential Land Lot

    5428 Lupin Drive, Sun Valley, NV 89433

    $239,999
    0.37 AC lot

    Level, utility-ready lot with partial fencing and a remodeled manufactured home, offered as-is for flexible residential or storage use.

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    Residential Lot with Mobile Home
    Residential Lot with Mobile Home

    565 Llewellyn Road, Sun Valley, NV 89433

    $150,000
    0.35 AC lot

    Residential lot on a cul-de-sac with an included single wide mobile home sold strictly as-is.

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    33-Unit Apartment Complex
    33-Unit Apartment Complex

    1752 E 4th St, Reno, NV 89512

    Contact for pricing

    Apartment complex with 33 efficiency and studio units, originally built as an auto camp, offering convenient public transit access nearby.

    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.

    Sparks Land with City Views
    Sparks Land with City Views

    5530 High Rock Way, Sparks, NV 89431

    $274,000
    0.51 AC lot

    Residential lot with city and mountain views near downtown Sparks.

    View details
    Sparks Land with Panoramic Views
    Sparks Land with Panoramic Views

    Martini Road lot: 0 Martini Road, Sparks, NV 89436

    $294,000
    1.09 AC lot

    1.09-acre lot in Sparks, NV, perfect for building a home.

    View details
    Sparks, NV Vacant Land
    Sparks, NV Vacant Land

    1472 Giannotti Drive, Sparks, NV 89436

    $185,000
    0.30 AC lot

    Vacant parcel in established neighborhood with city views.

    View details
    MidTown Multifamily Development Site
    MidTown Multifamily Development Site

    30 W Taylor St, Reno, NV 89509

    $195,000

    Land available for multifamily development in MidTown.

    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

    Sparks, NV Residential Income Properties Market Trends and Statistics

    Explore 39 residential income properties for sale in Sparks, NV, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 21,316 square feet of properties for sale, with an estimated market value of $4,723,799.

    Sale prices for residential income properties in Sparks, NV start at $90,000, averaging $314,919, and reaching up to $1,150,000 — 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

    Multifamily properties 7
    Duplexes 2
    Single family properties 2
    Triplexes 2
    Apartment buildings 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 $1.4M

    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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    Most Searched ZIP Codes in Sparks, NV

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