1230 E St Unit 1230, 1232, 1234, 12 Sparks, NV 89431
Downtown Sparks NeighborhoodEstimated payment $6,145/month
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,677
Year Built
- Built in 1922
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 all utilities
- 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 $48,420
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | For Sale | $1,060,000 | -- | $326 / Sq Ft |
Source: Northern Nevada Regional MLS
MLS Number: 250051447
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.