737 16th St Sparks, NV 89431
Downtown Sparks NeighborhoodEstimated payment $4,654/month
Highlights
- Popular Property
- Double Pane Windows
- Patio
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- 3-minute walk to Deer Park
About This Home
Fully permitted triplex with a newer roof, exterior paint, and interior renovations!
Featuring a standalone 2-bed, 2-bath house in the back built in 1988 with 1,002 sq. ft., a private backyard, ample parking, in-unit laundry, and a storage shed.
On the same lot, there's a permitted duplex in the front of the parcel — each unit offering 2 bedrooms, 1 bath, and 1,037 sq. ft. apiece, also with ample parking and in-unit laundry.
Two units have been recently renovated with new flooring, paint, countertops, and more.
The top duplex unit has been recently painted and is currently rented at 1,700/month.
With achievable market rents of 2,000 for the standalone house, 1,700 for the top duplex unit, and 1,700 for the bottom duplex unit, the property pencils at a 6 cap at the asking price.
Recent upgrades include a newer roof, fresh exterior paint, interior paint, and ongoing interior improvements — making this a turnkey opportunity with strong cash flow and long-term equity growth, in a very desirable rental area.
Only 25 minutes from the Tesla Gigafactory and Semi Truck factory!
Reach out to listing agent for full cash flow analysis breakdown.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,227
Year Built
- Built in 1938
Lot Details
- 6,098 Sq Ft Lot
- Partially Fenced Property
- Xeriscape Landscape
- Level Lot
Home Design
- Slab Foundation
- Shingle Roof
- Asphalt Roof
- Wood Siding
- HardiePlank Type
- Stick Built Home
Interior Spaces
- 3,074 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Blinds
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Luxury Vinyl Tile
- Vinyl
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces Included
- Common or Shared Parking
- Alley Access
Outdoor Features
- Patio
- Shed
- Rain Gutters
Schools
- Mitchell Elementary School
- Sparks Middle School
- Sparks High School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Separate Meters
- Master Meter
- Natural Gas Connected
- Individual Gas Meter
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 031-351-08
Community Details
Overview
- 2 Buildings
- 3 Units
- Sparks Community
- Newtown Tract Subdivision
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Vacancy Allowance $1,944
- Net Operating Income $49,300
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,227 | $87,978 | $47,250 | $40,728 |
| 2024 | $2,227 | $85,230 | $43,960 | $41,270 |
| 2023 | $2,064 | $82,515 | $44,625 | $37,890 |
| 2022 | $1,913 | $66,540 | $34,685 | $31,855 |
| 2021 | $1,800 | $61,983 | $30,310 | $31,673 |
| 2020 | $1,706 | $62,050 | $30,310 | $31,740 |
| 2019 | $1,641 | $55,934 | $25,235 | $30,699 |
| 2018 | $1,561 | $48,547 | $18,585 | $29,962 |
| 2017 | $1,477 | $47,666 | $17,850 | $29,816 |
| 2016 | $1,438 | $44,973 | $14,700 | $30,273 |
| 2015 | $1,435 | $41,554 | $11,130 | $30,424 |
| 2014 | $1,392 | $38,463 | $9,450 | $29,013 |
| 2013 | -- | $36,592 | $7,875 | $28,717 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/23/2025 08/23/25 | For Sale | $820,000 | +23.3% | $267 / Sq Ft |
| 08/28/2024 08/28/24 | Sold | $665,000 | -4.3% | $216 / Sq Ft |
| 07/28/2024 07/28/24 | Pending | -- | -- | -- |
| 06/13/2024 06/13/24 | For Sale | $695,000 | 0.0% | $226 / Sq Ft |
| 05/16/2024 05/16/24 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | Price Changed | $695,000 | -4.1% | $226 / Sq Ft |
| 07/31/2023 07/31/23 | For Sale | $725,000 | 0.0% | $236 / Sq Ft |
| 08/15/2017 08/15/17 | Rented | $1,100 | -99.9% | -- |
| 08/15/2017 08/15/17 | Under Contract | -- | -- | -- |
| 07/26/2017 07/26/17 | For Rent | $1,100,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $665,000 | First American Title | |
| Quit Claim Deed | -- | First American Title | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Bargain Sale Deed | $595,000 | First Centennial Reno | |
| Interfamily Deed Transfer | -- | Toiyabe Title | |
| Bargain Sale Deed | $295,000 | Reliant Title | |
| Bargain Sale Deed | $285,000 | Ticor Title Of Nevada Inc | |
| Bargain Sale Deed | $221,000 | Stewart Title Northern Nevad |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $498,750 | New Conventional | |
| Previous Owner | $446,250 | New Conventional | |
| Previous Owner | $221,250 | New Conventional | |
| Previous Owner | $199,500 | Credit Line Revolving | |
| Previous Owner | $198,900 | No Value Available |
Source: Northern Nevada Regional MLS
MLS Number: 250054980
APN: 031-351-08
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