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$1,100,000
260007013 MLS
Five extremely well-maintained units in the heart of Victorian Square, one of Sparks's most vibrant and walkable neighborhoods. This property consists of two buildings on a single 0.16-acre parcel — a classic 1907 duplex and a 1982-built triplex — offering a strong unit mix and steady rental income at a 6% cap rate on actual rent and expenses. Excellent location and access to I-80. The Duplex — Originally built in 1907 with extensive updates, this charming single-story duplex has been thoughtfully updated while retaining its character. Unit A is a spacious 2-bed/1-bath at 1,081 square feet with in-unit laundry and tankless water heater — the kind of generous layout tenants love and stay in. Unit B is a recently renovated studio with a new mini-split system, refinished shower and tub, new tile, bathroom fan, and fresh carpet - approximately $15K in improvements about a year ago. The roof is roughly five years old with new gutters. The Triplex — This two-story building houses three 2-bed/1.5-bath units, each with in-unit laundry. Unit 423 was fully renovated with new paint, flooring, carpet, mini-blinds, and LED lighting. The triplex received a new roof and driveway approximately one year ago, along with new exterior paint and gutters. $7,150 per Month Gross Scheduled Rent (Actual). 429A - 2bd/1ba $1,550 MTM (increase effective May 1). 429B - Studio $1,000 Expires June 2026. 421 - 2bd/1.5ba $1,500 MTM. 423 - 2bd/1.5ba $1,550 Expires Nov 2026. 425 - 2bd/1.5ba $1,550 Expires Apr 2027. Recent Capital Improvements: New roofs on both buildings, new rear driveway, new gutters, exterior repaint on triplex, full studio renovation with mini-split HVAC, paver walkway, artificial lawn with pavers and solar lighting, fencing reinforced with metal posts throughout including a new south-side fence, stump removal, and landscaping improvements. Sewer line replaced in 2014. An investor-ready property with recent capital improvements already completed, a solid rent roll, and room to grow rents on the MTM and shorter-term leases — all in a prime Sparks location steps from Victorian Square's restaurants, events, and entertainment. Full Offering Memorandum is available upon request.

429 10th St, Sparks

$475,000
3 Beds 2 Baths 260001482 MLS
Charming Sparks Duplex Near Victorian Square - Excellent investment opportunity in the heart of Sparks! This well-maintained duplex, built in 1950, offers two units with strong income potential. The recently remodeled 2-bedroom unit features beautifully refinished wood floors, a cozy tiled fireplace, an updated tiled tub surround, new interior doors, vinyl windows, and stylish modern upgrades throughout. The 1-bedroom, 1-bath unit is tenant occupied with a long-term renter and includes a rare 900 plus sq ft basement, providing valuable extra storage and added flexibility. Recent improvements include a new roof, offering peace of mind for years to come. Ideally located just minutes from Victoria Square, shopping, restaurants, schools, and convenient access to Tesla pickup routes. Don't miss this turnkey duplex in a prime Sparks location, perfect for investors or owner-occupants looking to offset their mortgage with rental income!

1224 F St, Sparks

$548,000
250052217 MLS
Turnkey Remodeled Duplex - 2 Detached Homes on One Lot in Sparks This fully remodeled duplex features two detached homes on a single lot, ideally located within walking distance of Victoria Square in Sparks. The front home is a spacious 3-bedroom, 1-bath residence offering numerous upgrades including new windows, new stucco siding, a completely renovated kitchen and bathroom, new LVP flooring, fresh paint, and a brand-new heat pump HVAC system. Enjoy private front and backyard spaces perfect for outdoor living. The rear home is a charming 1-bedroom, 1-bath unit with an updated kitchen, newer appliances, new windows, new light fixtures, fresh interior paint, an evaporative cooler, and its own private front yard. Both homes offer private off-street parking and are fully rented with term leases in place, providing immediate cash flow. With strong rental demand and an estimated CAP rate of 5.7%, this property is a turnkey, income-producing asset in a desirable location.

985 10th St, Sparks

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Data last updated on 06/28/2017.

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