$985,000
$75K PRICE DROP

1230 E St Unit 1230, 1232, 1234, 12 Sparks, NV 89431

Downtown Sparks Neighborhood

Estimated payment $5,663/month

Total Views 3,087
-- Bed
-- Bath
3,253 Sq Ft
$303 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Satellite Dish
  • Wood Siding
  • Refrigerated and Evaporative Cooling System
  • Partially Fenced Property
  • Carpet

About This Home

Fantastic investment opportunity in the heart of Sparks! Instant cash flow with a multiplex and single-family home generating income on one parcel. All four units have been tastefully updated in 2024 and are fully leased with stable, long-term tenants. The property includes a standalone 2 bed / 1 bath home in front, plus a triplex behind it consisting of two 1 bed / 1.5 bath units and one 2 bed / 1.5 bath unit. Each unit offers two designated parking spaces. All units feature granite countertops and underwent full kitchen and bathroom remodels in 2024. Each unit also includes updated flooring and fresh paint, offering a turnkey experience for both tenants and investors.

Located just blocks from downtown Sparks, this multifamily property is walkable to restaurants, the Sparks movie theater, and local events, including farmers markets and festivals at Victorian Square.

With room for rental growth, low vacancy risk, and desirable unit layouts, this is a great opportunity.

Listing Agent

Theresa Nelson

RE/MAX Gold License #S.180451 Listed on: 06/13/2025

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,677

Year Built

  • Built in 1980

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property
  • Fenced Front Yard

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 3,253 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Crawl Space
  • Fire and Smoke Detector
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces Included
  • Alley Access
  • Assigned Parking

Schools

  • Mitchell Elementary School
  • Sparks Middle School
  • Sparks High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter: 4
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for telephone, gas, electricity
  • The owner pays for water, trash collection, sewer
  • Assessor Parcel Number 03208409

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Vacancy Allowance $1,043
  • Net Operating Income $58,306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,677

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Features: Other
  • Lot Size Acres: 0.16
  • Is Senior Community?: No
  • Spa Features: None
  • Has Spa?: No
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: MUD
  • Building Stories5: 2
  • Cooling Evaporative Cooling: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Other Equipment Satellite Dish: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Fencing Front Yard: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Mitchell
  • Tax Legal High School2: Sparks
  • Lot Lot Size Acres4: 0.16
  • Lot Lot Size Square Feet4: 6969.6
  • Pet Information Pets Allowed Y N: Yes
  • Owner Pays Water3: Yes
  • Foundation Details Crawl Space2: Yes
  • Owner Pays Sewer2: Yes
  • Owner Pays Trash Collection: Yes
  • Tax Legal Tax Annual Amount3: 2677.0
  • Lot Spa Y N4: No
  • Incomeand Expenses Net Operating Income: 58306.0
  • Building Number Of Units Total5: 4.0
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: Yes
  • Tax Legal Middleor Junior School: Sparks
  • Building Accessibility Features Y N5: No
  • Levels Two: Yes
  • Incomeand Expenses Total Actual Rent: 67440.0
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Gas Meters: 4
  • Unit Details Number Of Units Leased: 4
  • Building Home Warranty Y N4: No
  • Meter Information Number Of Separate Water Meters: 4
  • Typeof Construction Site Stick- Built2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring: Carpet, Laminate
  • Other Equipment: Satellite Dish
  • Owner Pays: Water, Trash Collection, Sewer
  • Window Features: Double Pane Windows, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Flooring Laminate: Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 3253.0
  • Laundry Features In Unit: Yes
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 2
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: Wood Siding
  • Foundation Details: Slab, Crawl Space
  • Other Structures: None
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Alley Access, Assigned
  • Parking Features Assigned: Yes
  • Parking Features Alley Access: Yes
  • Unit1 Garage Attached Y N: No
  • Unit1 Parking Capacity Per Unit: 2.0
  • Unit2 Garage Attached Y N2: No
  • Unit2 Parking Capacity Per Unit2: 2.0
  • Unit3 Garage Attached Y N3: No
  • Unit3 Parking Capacity Per Unit3: 2.0
  • Unit4 Garage Attached Y N4: No
  • Unit4 Parking Capacity Per Unit4: 2.0

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Water Available, Water Connected, Cellular Coverage
  • Water Source: Public
  • Laundry Features: In Unit
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Natural Gas Connected: Yes

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 03208409
  • Fencing: Front Yard, Partial
  • Lot Size Sq Ft: 6969.6
  • Zoning: MUD

Rental Info

  • Tenant Pays: Telephone, Gas, Electricity

Multi Family

  • Gross Scheduled Income: 67440.0
  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 4
  • Total Actual Rent: 67440.0
  • Income And Expenses Vacancy Allowance: 1043
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Income And Expenses Vacancy Allowance: 1043

Tax Info

  • Tax Annual Amount: 2677.0

MLS Schools

  • Elementary School: Mitchell
  • HighSchool: Sparks

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $985,000 -7.1% $303 / Sq Ft
06/13/2025 06/13/25 For Sale $1,060,000 -- $326 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250051447

Northern Nevada Regional MLS

Nevada Washoe County Sparks 89431 Downtown Sparks

1230 E St Unit 1230, 1232, 1234, 12, Sparks, NV

This home is located at 1230 E St Unit 1230, 1232, 1234, 12, Sparks, NV 89431 and is currently priced at $985,000, approximately $302 per square foot. This property was built in 1980. 1230 E St Unit 1230, 1232, 1234, 12 is a home located in Washoe County with nearby schools including Robert Mitchell Elementary School, Sparks Middle School, and Sparks High School.

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Northern Nevada Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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Theresa Nelson
Listing Agent
Theresa Nelson
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RE/MAX Gold
(775) 310-7429