$555,000

Estimated payment $3,183/month

Total Views 1,990
-- Bed
-- Bath
1,600 Sq Ft
$347 Price per Sq Ft

Highlights

  • Additional Residence on Property
  • Covered patio or porch
  • Brick Veneer
  • Deck
  • Double Pane Windows
  • Mini Split Air Conditioners

About This Home

Excellent investment opportunity to own fully leased 3-unit property in Sparks with great Cap Rate. Units consist of (1) 2bed/1bath, (1) 1bed/1bath, and a studio. Both front units have been beautifully updated with new waterproof flooring, paint, appliances, ceiling fans, washer/dryers. Unit B also has full new kitchen and bath, and an approx 144 sq ft were added. Studio unit has alley way access. All 3 units have separate newly fenced back yards for extra privacy. ***Photos are of after completion of work and prior to tenants moving in.

Listing Agent

Sherman Hickey

eXp Realty License #S.182338 Listed on: 06/06/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,087

Year Built

  • Built in 1927

Lot Details

  • 6,970 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot

Home Design

  • Brick Veneer
  • Brick Foundation
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Board and Batten Siding
  • Stick Built Home

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Awning
  • Drapes & Rods
  • Blinds
  • Crawl Space

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Carport
  • 2 Parking Spaces Included
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered patio or porch
  • Outdoor Storage

Additional Homes

  • Additional Residence on Property

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Master Meter
  • Natural Gas Connected
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 032-083-11

Community Details

Overview

  • 3 Units
  • Sparks Community
  • Prater Addition To Sparks Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,087

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Year Built: 1927
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Co List Office Mls Id: 1673-o
  • Co List Office Phone: 888-788-5494
  • Subdivision Name: Prater Addition To Sparks
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Luxury Vinyl
  • Owner Pays: All Utilities
  • Interior Amenities: Ceiling Fan(s)
  • Window Features: Blinds, Double Pane Windows, Drapes

Exterior Features

  • Exterior Features: Awning(s)
  • Roof: Composition, Shingle
  • Stories: 1
  • Construction Type: Board & Batten Siding, Brick Veneer
  • Foundation Details: Brick/Mortar, Raised, Slab, Crawl Space
  • Other Structures: Residence, Second Residence, Storage
  • Patio And Porch Features: Patio, Deck

Garage/Parking

  • Parking Features: Assigned, Carport, Varies by Unit

Utilities

  • Utilities: Cable Available, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected, Underground Utilities, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Unit, Washer Hookup, Varies By Unit
  • Cooling: Central Air, Varies By Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 032-083-11
  • Fencing: Back Yard, Full
  • Lot Size Sq Ft: 6969.6
  • Zoning: MUD

Rental Info

  • Tenant Pays: None

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3

Tax Info

  • Tax Annual Amount: 1087.05

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,087 $70,266 $41,720 $28,546
2024 $1,087 $65,880 $38,710 $27,171
2023 $1,056 $64,351 $39,305 $25,046
2022 $1,026 $53,327 $32,865 $20,462
2021 $997 $45,270 $25,375 $19,895
2020 $970 $45,798 $26,250 $19,548
2019 $942 $41,040 $22,470 $18,570
2018 $915 $33,045 $15,190 $17,855
2017 $888 $31,558 $14,000 $17,558
2016 $862 $28,574 $11,200 $17,374
2015 $860 $25,284 $8,050 $17,234
2014 $835 $23,372 $7,000 $16,372
2013 -- $22,302 $6,160 $16,142
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $555,000 +37.0% $347 / Sq Ft
12/11/2024 12/11/24 Sold $405,000 0.0% $253 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/20/2024 10/20/24 Price Changed $404,900 -3.6% $253 / Sq Ft
09/20/2024 09/20/24 Price Changed $419,900 -6.7% $262 / Sq Ft
09/05/2024 09/05/24 Price Changed $449,900 -4.3% $281 / Sq Ft
08/05/2024 08/05/24 Price Changed $469,900 -3.7% $294 / Sq Ft
07/18/2024 07/18/24 For Sale $488,000 +510.0% $305 / Sq Ft
04/20/2012 04/20/12 Sold $80,000 -30.4% $52 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
03/03/2011 03/03/11 For Sale $114,900 -- $74 / Sq Ft
Source: Northern Nevada Regional MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $405,000 Core Title Group
Bargain Sale Deed $405,000 Core Title Group
Personal Reps Deed $80,000 Western Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $232,000 New Conventional
Closed $232,000 New Conventional
Previous Owner $77,972 FHA
Previous Owner $66,000 Unknown
Source: Public Records

Source: Northern Nevada Regional MLS

MLS Number: 250051066

Northern Nevada Regional MLS

APN: 032-083-11