Refine Search
Sort by
$565,000
4 Beds 4 Baths 260008039 MLS
1522 A and B F Street Sparks offer a unique investment profile with two detached dwellings on a single parcel, each with its own entrance, living space, and rental stream. Both units are separately livable and generate consistent monthly income. 1522 A, the front home, is a well kept single story 3-bedroom, 2 bath 1052 Sq ft unit with functional layout and steady rental history. It is currently rented through April 2027 at a monthly rent of $2050. The rear home, 1522 B, is a detached 2 bedroom/1 bath 644 sqft unit with private access, strong tenant demand, and solid cash flow. The current lease ends in July 2026. It is currently rented at $1300 with upside. Zillow's rent estimate is $1665. The layout provides flexibility for investors seeking stable returns, or for buyers who may eventually want to live in one unit while renting the other. The detached configuration reduces noise transfer and increases tenant satisfaction, while the central Sparks location, with easy access to Victorian Square, shopping, transit, and freeway access keeps vacancy rates low. This is a clean, functional, income producing property with strong rental history and long-term upside. Photos are when the units were vacant.

1522 F St Unit A and B, Sparks

$1,140,000
10 Beds 6 Baths 260001826 MLS
Chase International is pleased to present this turnkey 6 unit multifamily investment near downtown Sparks. This fully leased, income producing rental property in the highly sought-after Reno market boasts a cap rate yield above 6.27 percent based on actuals. This six-unit multifamily property at 1947 & 1949 H Street in Sparks, Nevada features four spacious 2 bed / 1 bath units, and two 1 bed/ 1 bath units, presenting a rare opportunity to acquire a stabilized income asset with long-term redevelopment upside in a growing Northern Nevada submarket. Situated on two parcels totaling approximately 0.345 acres (±15,028 square feet), the property consists of ±4,392 square feet of existing residential improvements supported by municipal gas, electric, water, and sewer. The asset is currently generating 102,000K in gross annual income and 81,422K in net operating income, offering a self managed 6.27 percent cap rate based on actuals (not pro forma) at the 1,299,000K asking price and a 5.8 percent cap rate based on 3rd party property management fees at 6 percent of gross rental income. The property is 100 percent leased with the Landlord paying trash, water, and sewer. Tenants are responsible for gas and electricity through NV Energy, billed via individually metered service. Most appliances are newer. Five of the six units include dishwashers, and four feature built-in microwave ovens. Every unit has its own in-unit washer and dryer. The property has full landscaping sprinklers and drip irrigation systems installed. Together, 1947 & 1949 H Street offers a compelling blend of current income and future upside and is an ideal 1031 exchange replacement property. The combination of stabilized operations, development flexibility, and location within one of Northern Nevada's most active growth markets positions this offering as an attractive opportunity for private investors, multifamily operators, and developers seeking both near-term returns and long-term appreciation potential.

1947 H St, Sparks

$350,000
4 Beds 2 Baths 250057551 MLS
Buy this home with a payment of under 1,900 per month! The seller's assumable FHA loan at 2.875 percent offers an incredible opportunity to beat today's interest rates and lock in a low monthly payment that includes taxes, insurance, and PMI all under 1,900. Located near I-80, Downtown Sparks, and Victorian Square, this single-story home spans 1,975 sq. ft. on a spacious lot with a solid cinderblock, 480 sq. ft. detached garage—perfect for two vehicles, storage, or workshop space. Inside, you'll find 4 bedrooms, 2 full baths, new carpeting, and updated bathrooms including an improved primary suite. With its MUD zoning, this property presents exceptional flexibility—live in it, run a small business, or explore the potential to add additional units. Whether you're an investor, an owner-occupant looking for a low-rate loan, or a buyer ready to put in some sweat equity, 848 Rock Blvd offers both immediate savings and long-term upside.

848 Rock Blvd, Sparks

$893,150
250058430 MLS
BACK ON MARKET AT NO FAULT OF SELLER. Investor Alert! This 4-unit charming brick multifamily property is an exceptional opportunity to secure a strong, income-producing asset. All four units feature 2 bedrooms and 1 bathroom, 1 car garage per unit offering highly desirable layouts for long-term tenants. Three units are currently rented with 1-year leases already in place, providing immediate and stable cash flow. The property includes a community coin-operated washer and dryer for tenant convenience, adding additional income potential. Each unit has been upgraded with Airport Authority windows, and the roof has also been updated, offering peace of mind and reduced future maintenance costs, conveniently located near, highway, dining, bus lines and Sparks community entertainment, small area for dogs to play. Cashflow documents and financials are available upon request. Don't miss your chance to add this well-maintained, turnkey investment to your portfolio or occupy 1 unit and rent the rest qualifying for owner occupancy lending !

234 18th St, Sparks

broker reciprocity logo

© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed