$530,000
SOLD NOV 24, 2025
-- Bed
-- Bath
1,264 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$419 Per Sq Ft

10% Below List Price

256 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Asbestos
  • Carpet
  • Landscaped
  • Property is Fully Fenced
  • Heating System Uses Natural Gas

About This Home

As of November 2025

2.25% VA ASSUMABLE LOAN AVAILABLE! 3 UNITS! For qualified buyers, this is a fantastic opportunity to lock in favorable financing. Contact listing agent for details. Outstanding investment opportunity in the heart of Sparks! This well-maintained, income-generating property includes a duplex and a separate 1-bedroom single-family residence, each with its own private fenced yard—perfect for tenant privacy and pet-friendly leasing. Priced at $555,000 with a cap rate over 6%, this property is an ideal option for first-time investors, house hackers, or seasoned buyers seeking a low-maintenance, cash-flowing asset. The property features multiple recent upgrades, including new fencing, updated railings, remodeled bathroom, and newer flooring/ carpet in some of the units. All units are tenant-occupied with long-term renters in place, providing immediate, stable income with room for future rent growth. Low vacancy history and desirable unit mix make this an easy addition to any rental portfolio.
Listing agent is related to seller.

Last Agent to Sell the Property

Joshua Skroch

RE/MAX Professionals-Reno License #S.12007 Listed on: 01/27/2025

RE/MAX Professionals-Reno

Last Buyer's Agent

Aaron Wood

RE/MAX Professionals-Reno License #S.190038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1947

Lot Details

  • 5,663 Sq Ft Lot
  • Property is Fully Fenced
  • Landscaped

Parking

  • 1 Parking Space

Home Design

  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Asbestos
  • Stucco

Interior Spaces

  • 1,264 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Blinds
  • Crawl Space

Kitchen

  • Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Schools

  • Smith Elementary School
  • Sparks Middle School
  • Sparks High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for all utilities
  • Assessor Parcel Number 031-261-02

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Sparks Community
  • Newtown Tract Subdivision

Amenities

  • No Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Net Operating Income $34,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,083

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Year Built: 1947
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Features: Landscaped, Other
  • Lot Size Acres: 0.13
  • Road Frontage Type: Public
  • Is Senior Community?: No
  • Co List Office Mls Id: 1934-o
  • Co List Office Phone: 775-345-3070
  • Subdivision Name: Newtown Tract
  • Directions: Prater/ Sullivan/ H Street
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: Mud
  • Building Stories5: 1
  • Lot Features Landscaped: Yes
  • Construction Materials Asbestos: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Fencing Full2: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Stucco: Yes
  • Construction Materials Frame: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Smith
  • Tax Legal High School2: Sparks
  • Lot Lot Size Acres4: 0.13
  • Lot Lot Size Square Feet4: 5662.8
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 1083.41
  • Incomeand Expenses Net Operating Income: 34972.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 2.0
  • Building Number Of Units Total5: 3.0
  • Special Information Onsite Management Y N: No
  • 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: No
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Sparks
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Sparks
  • Meter Information Number Of Separate Electric Meters: 2
  • Meter Information Number Of Separate Gas Meters: 2
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Oven, Gas Range, Refrigerator
  • Flooring: Carpet, Laminate
  • Number Of Buildings: 2
  • Owner Pays: All Utilities
  • Window Features: Blinds, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Flooring Laminate: Yes
  • Cooling Wall Window Unit(s): Yes
  • Interior Fireplace Y N3: No
  • Laundry Features None15: Yes
  • Interior Building Area Total3: 1264.0

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Asbestos, Frame, Stucco
  • Foundation Details: Crawl Space
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Varies by Unit
  • Total Parking Spaces: 1.0
  • Parking Information Parking Total4: 1.0

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Cellular Coverage
  • Laundry Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Internet Available: Yes
  • Heating Natural Gas: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Owner Pays All Utilities: Yes

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 031-261-02
  • Fencing: Full
  • Lot Size Sq Ft: 5662.8
  • Zoning: Mud

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 41400.0
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 1083.41

MLS Schools

  • Elementary School: Smith
  • HighSchool: Sparks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
Nov 17, 2025
Sold by
David Skroch Revocable Trust and Skroch David C
Bought by
Kelvin Oliques and Cabezas Leon Kiara
Seller's Agent
Joshua Skroch
RE/MAX Professionals-Reno
Buyer's Agent
Aaron Wood
RE/MAX Professionals-Reno
List Price
$589,000
Sold Price
$530,000
Premium/Discount to List
-$59,000
-10.02%
Views
108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-53.17%
Original Mortgage
$520,400
Outstanding Balance
$519,911
Interest Rate
6.3%
Mortgage Type
FHA
Estimated Equity
-$32,341

Purchase Details

Closed on
Jan 18, 2022
Sold by
Skroch David C
Bought by
David Skroch Revocable Trust

Purchase Details

Closed on
Sep 18, 2018
Sold by
Ben Jamison Properties Llc
Bought by
Skroch David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Sep 4, 2013
Sold by
Wood Is Good Llc
Bought by
Ben Jamison Properties Llc

Purchase Details

Closed on
May 24, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Wood Is Good Llc

Purchase Details

Closed on
Mar 14, 2011
Sold by
Dela Luz Jose Luiz
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 1, 2005
Sold by
Foreman Paul S and Foreman Susan
Bought by
Dela Luz Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.65%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 14, 2001
Sold by
Chun Raymond W S and Valin Tony R
Bought by
Foreman Paul S and Foreman Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.91%

Purchase Details

Closed on
May 5, 1998
Sold by
Valin Tony and Valin Tony R
Bought by
Valin Tony R and Living Trust Of Tony R Valin

Purchase Details

Closed on
Jul 15, 1997
Sold by
Nixon Marie
Bought by
Chun Raymond W S and Valin Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,350
Interest Rate
7.49%

Purchase Details

Closed on
Apr 2, 1997
Sold by
Irvin Sharon and Basta Sharon
Bought by
Nixon Marie

Purchase Details

Closed on
Mar 31, 1997
Sold by
Irvin Lawrence O
Bought by
Irvin Sharon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $530,000 First Centennial Title
Grant Deed -- None Listed On Document
Bargain Sale Deed $314,000 First Centennial Title Co
Bargain Sale Deed $82,000 None Available
Bargain Sale Deed $54,500 Ticor Title Reno
Trustee Deed $74,846 Accommodation
Bargain Sale Deed $250,000 First Centennial Title Co
Bargain Sale Deed $142,500 First Centennial Title Co
Interfamily Deed Transfer -- --
Deed $121,500 First American Title Co
Deed -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,400 FHA
Previous Owner $314,000 VA
Previous Owner $200,000 Balloon
Previous Owner $114,000 No Value Available
Previous Owner $109,350 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Sold $530,000 -4.5% $419 / Sq Ft
05/22/2025 05/22/25 Price Changed $555,000 -5.8% $439 / Sq Ft
01/27/2025 01/27/25 For Sale $589,000 -- $466 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

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
2026 $872 $64,476 $47,250 $17,226
2025 $1,083 $64,253 $47,250 $17,003
2024 $1,083 $60,957 $43,960 $16,997
2023 $1,003 $59,743 $44,625 $15,118
2022 $929 $47,298 $34,685 $12,613
2021 $875 $42,638 $30,310 $12,328
2020 $818 $42,463 $30,310 $12,153
2019 $779 $36,805 $25,235 $11,570
2018 $750 $29,672 $18,585 $11,087
2017 $717 $28,705 $17,850 $10,855
2016 $710 $25,534 $14,700 $10,834
2015 $202 $21,884 $11,130 $10,754
2014 $695 $19,553 $9,450 $10,103
2013 -- $17,780 $7,875 $9,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 250000966

Northern Nevada Regional MLS

APN: 031-261-02