$995,000

234 18th St Sparks, NV 89431

Downtown Sparks Neighborhood

Estimated payment $5,404/month

-- Bed
-- Bath
3,575 Sq Ft
$278 Price per Sq Ft

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Laundry Room
  • 1 Car Attached Garage
  • Brick Veneer
  • 4-minute walk to Deer Park

About This Home

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. Two 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 !

Listing Agent

Felisa Cusimano-Martin

Dickson Realty - Sparks License #S.67423 Listed on: 11/20/2025

Dickson Realty - Sparks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,976

Year Built

  • Built in 1960

Lot Details

  • 5,968 Sq Ft Lot
  • Dog Run
  • Partially Fenced Property
  • Landscaped

Home Design

  • Quadruplex
  • Brick Veneer
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 3,575 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Parking

  • 1 Car Attached Garage
  • 1 Parking Space Included
  • Alley Access
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Schools

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

Utilities

  • No Cooling
  • Wall Furnace
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, trash collection, sewer, exterior maintenance
  • Assessor Parcel Number 032-121-01

Community Details

Overview

  • 4 Units
  • Sparks Community
  • Newtown Tract Subdivision
  • On-Site Maintenance
  • The community has rules related to covenants, conditions, and restrictions

Pet Policy

  • Pets Allowed

Building Details

  • 2 Leased Units
  • 2 Vacant Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Trash Expense $1,134
  • Net Operating Income $30,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,976

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Year Built: 1960
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Lot Features: Landscaped
  • Lot Size Acres: 0.14
  • Is Senior Community?: No
  • Spa Features: None
  • Has Spa?: No
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 1240-o
  • Co List Office Phone: 775-685-8800
  • Subdivision Name: Newtown Tract
  • Has Cooling?: No
  • Has Fireplace?: No
  • Tax Legal Zoning4: MUD
  • Building Stories5: 1
  • Lot Features Landscaped: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Heater Electric5: Yes
  • Appliances Dishwasher: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Mitchell
  • Tax Legal High School2: Sparks
  • Lot Lot Size Acres4: 0.137
  • Lot Lot Size Square Feet4: 5967.72
  • Appliances Electric Range: Yes
  • 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: 1976.46
  • Lot Spa Y N4: No
  • Appliances Electric Oven: Yes
  • Incomeand Expenses Net Operating Income: 30622.69
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • 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: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Sparks
  • Pet Information Pets Comments: pet deposit required
  • Building Accessibility Features Y N5: No
  • Levels One: Yes
  • Tax Legal Community Name5: Sparks
  • Incomeand Expenses Total Actual Rent: 54512.83
  • Incomeand Expenses Trash Expense: 1133.88
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Gas Meters: 4
  • Unit Details Number Of Units Leased: 2
  • Unit Details Number Of Units Vacant: 2
  • Typeof Construction Site Stick- Built2: Yes
  • Construction Materials Brick Veneer: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Flooring: Vinyl, Wood
  • Number Of Buildings: 1
  • Owner Pays: Water, Trash Collection, Sewer, Exterior Maintenance
  • Window Features: Double Pane Windows
  • Window Features Double Pane Windows: Yes
  • Flooring Wood: Yes
  • Flooring Vinyl: Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 3575.0
  • Laundry Features Common Area2: Yes
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished

Exterior Features

  • Exterior Features: Dog Run, Rain Gutters
  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: Brick Veneer
  • Foundation Details: Crawl Space
  • Other Structures: None
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Exterior Features Dog Run: Yes
  • Owner Pays Exterior Maintenance: Yes
  • Exterior Features Rain Gutters: Yes
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: Yes
  • Parking Features: Alley Access, Assigned, Attached, Garage
  • Total Parking Spaces: 4.0
  • Parking Features Attached: Yes
  • Parking Features Garage: Yes
  • Parking Information Parking Total4: 4.0
  • Parking Features Assigned: Yes
  • Parking Features Alley Access: Yes
  • Unit1 Garage Attached Y N: Yes
  • Unit1 Garage Spaces3: 1.0
  • Unit1 Parking Capacity Per Unit: 1.0
  • Unit2 Garage Attached Y N2: Yes
  • Unit2 Garage Spaces6: 1.0
  • Unit2 Parking Capacity Per Unit2: 1.0
  • Unit3 Garage Attached Y N3: Yes
  • Unit3 Garage Spaces7: 1.0
  • Unit3 Parking Capacity Per Unit3: 1.0
  • Unit4 Garage Attached Y N4: Yes
  • Unit4 Parking Capacity Per Unit4: 1.0

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Water Meter Installed
  • Water Source: Public
  • Laundry Features: Common Area
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Water Meter Installed: Yes
  • Water Source Public: Yes
  • Heating Electric4: Yes
  • Heating Wall Furnace: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: No
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes

Fee Information

  • Trash Expense: 1133.88

Schools

  • Middle Or Junior School: Sparks

Lot Info

  • Parcel Number: 032-121-01
  • Fencing: Partial
  • Lot Size Sq Ft: 5967.72
  • Zoning: MUD

Rental Info

  • Tenant Pays: Other, Electricity

Multi Family

  • Gross Scheduled Income: 78432.0
  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 2
  • Number Of Units Vacant: 2
  • Total Actual Rent: 54512.83
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 1976.46

MLS Schools

  • Elementary School: Mitchell
  • HighSchool: Sparks

Map

Range of Values:

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Value Increase
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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 List to Sale Price per Sq Ft
11/20/2025 11/20/25 For Sale $995,000 -- $278 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250058430

Northern Nevada Regional MLS
Nevada Washoe County Sparks 89431 Downtown Sparks

234 18th St, Sparks, NV

For Sale

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Nearby Homes
Felisa Cusimano-Martin
Listing Agent
Felisa Cusimano-Martin
Section Image
Dickson Realty - Sparks
(775) 349-4717