Description
Investment opportunity with a 6.8 percent cap rate. The property includes two separate homes on one parcel. The rear home is occupied by a long-term month-to-month tenant, providing immediate income. The front home is vacant, allowing the new owner to lease it at current market rent.The front home has been refreshed with new interior paint, a new stove, and a new dishwasher. It is move-in ready and includes a private fenced yard. The rear home also has generous yard space.Conveniently located in Sparks with a long history of strong occupancy and consistent rental demand. A straightforward investment offering current income, room for rental growth, and separate outdoor space for each residence.
Details
| MLS # | 260008160 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract-show |
| Year | 1960 |
| Days On Site | 85 |
| Listing Provided By | LPT Realty, LLC | Kathryn Courtney |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,477 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | MUD |
| Acreage | 0.21 |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Electric |
| Cooling Yes / No | Yes |
| Window Features | Double Pane Windows, Vinyl Frames, Window Coverings |
| Interior Features | Ceiling Fan(s) |
| Appliances | Dishwasher, Electric Range, Refrigerator |
| Fireplace Features | Wood Burning |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Roof | Composition |
|---|---|
| Exterior Features | None |
| Security Features | Smoke Detector(s) |
| Lot Features | Other |
| Construction Materials | Brick Veneer, Frame, Hardi Plank Type |
| Foundation Details | Slab, Crawl Space |
| Fencing | None |
Parking
| Parking Features | Varies by Unit |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected, Water Meter Installed |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 2403 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Sparks |
| Zip Code | 89431 |
| Area | Washoe |
| Community Name | Prater Addition To Sparks |
| School District | Sparks |
| Elementary School | Mitchell |
| High School | Sparks |
| Listing VS Median (in Prater Addition To Sparks) | |
Price: $675,000 low | high Med: $359,000 sqft: 2,477 low | high Med: 1,032 $ / sqft: $273 low | high Med: $348 On site: 85 low | high Med: 21 | |
Market Activity 89431
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Sparks |
| Zip Code | 89431 |
| Area | Washoe |
| Community Name | Prater Addition To Sparks |
| School District | Sparks |
| Elementary School | Mitchell |
| High School | Sparks |
| Listing VS Median (in Prater Addition To Sparks) | |
Price: $675,000 low | high Med: $359,000 sqft: 2,477 low | high Med: 1,032 $ / sqft: $273 low | high Med: $348 On site: 85 low | high Med: 21 | |
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Listing Updated: September 3, 2026 at 4:24:50 PM PDT