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Explore Similar Apartments Within 2 Miles of Spanish Springs, NV

  • /17

    $525,000

    • 1,680 Sq Ft

    1154 H St, Sparks, NV 89431

    Fantastic Investment Opportunity - Two Updated Homes on One Lot!Don't miss this unique investment opportunity in the heart of Sparks! This property features two separate 2-bedroom, 1-bath homes with open concept layouts, laundry and storage rooms, private patio/yards and dedicated carports with extra parking AND RV Parking—perfect for owner-occupants, investors, or multi-generational

    Tess Best Dickson Realty - Caughlin

    1154 H St, Sparks, NV 89431
  • /32

    $569,000

    • 1,738 Sq Ft

    985 10th St, Sparks, NV 89431

    Turnkey Remodeled Duplex - 2 Detached Homes on One Lot in SparksThis fully remodeled duplex features two detached homes on a single lot, ideally located within walking distance of Victoria Square in Sparks. The front home is a spacious 3-bedroom, 1-bath residence offering numerous upgrades including new windows, new stucco siding, a completely renovated kitchen and bathroom, new LVP

    Brent Vaulet RE/MAX Professionals-Reno

    985 10th St, Sparks, NV 89431
  • /24

    $1,695,000

    • 2,712 Sq Ft

    3325 Clear Acre Ln, Reno, NV 89512

    3325 Clearacre Lane presents a rare opportunity to get paid while you plan for a higher use on a strategically located 1.5-acre parcel. With two existing houses providing immediate income, this property offers flexibility and cash flow as you explore future development options. Positioned at the gateway to Sun Valley, the site boasts massive daily traffic counts and high visibility—ideal for

    Tim Lambdin NextHome Yourpickettfence Group

    3325 Clear Acre Ln, Reno, NV 89512
  • /12

    $985,000

    • 3,253 Sq Ft

    1230 E St Unit 1230, 1232, 1234, 12, Sparks, NV 89431

    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 /

    Theresa Nelson RE/MAX Gold

    1230 E St Unit 1230, 1232, 1234, 12, Sparks, NV 89431
  • /25

    $555,000

    • 1,600 Sq Ft

    1330 E St, Sparks, NV 89431

    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

    Sherman Hickey eXp Realty

    1330 E St, Sparks, NV 89431
  • /13

    $550,000

    • 1,766 Sq Ft

    1830 C St, Sparks, NV 89431

    Central Sparks Triplex on big lot, MUD zoned, could support more units. Alley access, stable rents. So close to downtown Sparks, all events are within 5 minutes. 3 bedroom rents for $1600, 2 bedroom rents for $1300, 1 bedroom rent is $1000. Always rented. Some TLC needed on exterior, interiors rehabbed in 2021. Landlord covers utilities, figured into APOD at 6.8% CAP Rate. 8 plex across street,

    Tim Lambdin NextHome Yourpickettfence Group

    1830 C St, Sparks, NV 89431
  • /3

    $725,000

    • 2,466 Sq Ft

    1150 El Rancho Dr, Sparks, NV 89431

    Investment opportunity in Sparks; one building, three units. Each unit includes two bedrooms, one bath, laundry, and a one car garage. All units are currently occupied.

    Michelle Sturge Chase International-Damonte

    1150 El Rancho Dr, Sparks, NV 89431
  • /26

    $795,000

    • 2,858 Sq Ft

    565 Denslowe Dr, Reno, NV 89512

    Investment Options near the University of Nevada! Investors can use property either for Short Term Rental (STR) or Long Term Rental (LTR). Currently used as an STR, this remodeled fourplex is conveniently located within walking distance to the University's campus. Some of the remodeled features include ceramic tile flooring, updated bathrooms, kitchens, as well as newer water heaters and

    Rory Hickok Dickson Realty - Caughlin

    565 Denslowe Dr, Reno, NV 89512
  • /7

    $790,000

    • 2,966 Sq Ft

    670 Denslowe Dr, Reno, NV 89512

    Well priced 4-Unit Investment property with a long-time proven track record of generating stable income for the owner. The close proximity to The University of Nevada historically keeps vacancy low. 100% tenant occupied and generating $53,400 in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase

    Chris McCain DL Realty

    670 Denslowe Dr, Reno, NV 89512
  • /15

    $520,000

    • 1,440 Sq Ft

    1365 E 11th St, Reno, NV 89512

    Centrally Located Duplex in the Heart of Reno - Excellent Income OpportunityWell-maintained duplex ideally situated in a prime central Reno location. Each unit features 2 bedrooms, 1 full bathroom, a private entrance, an attached one-car garage, and fenced back yards—perfect for privacy and outdoor living.This is an excellent opportunity for owner-occupants or investors: live in

    Milan Navarro Ferrari-Lund R.E. Sparks

    1365 E 11th St, Reno, NV 89512
  • /10

    $895,000

    • 2,944 Sq Ft

    2090 Patton Dr, Reno, NV 89512

    Fantastic high income producing 4-plex in excellent condition and close to UNR! 100% occupied with excellent tenants. Each unit has 2 full bedrooms, 1 spacious bathroom, refrigerators, full size washer & dryer and owner provides high speed internet for all units. R30 Insulation in the floors, walls, ceilings and attic. No common walls between units for privacy. Plenty of light in the spacious

    John Arnold Dickson Realty - Damonte Ranch

    2090 Patton Dr, Reno, NV 89512
  • /6

    $725,000

    • 2,640 Sq Ft

    2580 E St, Sparks, NV 89431

    Excellent opportunity to invest in a fully occupied 4 plex generating great income. Each unit is a large 660+ sqft 1 bed, 1 bath and in good condition with value add possibilities! This asset offers single story living, on-site parking and recent renovations to some units including updated kitchen and bathroom countertops and new cabinets. One of the units is on a month to month lease in case a

    Angela Beard RE/MAX Gold

    2580 E St, Sparks, NV 89431
  • /27

    $799,000

    • 2,165 Sq Ft

    650 Elko Ave, Reno, NV 89512

    Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it

    Angela Beard RE/MAX Gold

    650 Elko Ave, Reno, NV 89512
  • /13

    $499,999

    • 2,114 Sq Ft

    1229 & 1231 F St, Sparks, NV 89431

    Spacious duplex located in the highly desirable Victorian Square area of Sparks. Just steps from shopping, dining, entertainment, and the Nugget Amphitheater, this property is perfect for both investors and owner-occupants alike. Both units include in-unit laundry and private yard space, ideal for outdoor enjoyment. Centrally located with easy access to I-80, this property offers strong rental

    Chris Moton Marmot Properties, LLC

    1229 & 1231 F St, Sparks, NV 89431
  • /26

    $665,000

    • 3,124 Sq Ft

    1811 H St, Sparks, NV 89431

    Fantastic Investment Opportunity! Live & Earn! This is your chance to own a turnkey income-generating property! Live in one unit while renting out the other, or rent both for maximum cash flow. Both homes have bee recently updated and are professionally managed, ensuring a hassle-free investment. Key Features: Two Updated Homes on One Lot Fully Separated Utilities – No Shared

    Isaac Conde Clark Real Estate & Inv.

    1811 H St, Sparks, NV 89431
  • /27

    $439,900

    • 1,000 Sq Ft

    803 10th St, Sparks, NV 89431

    Duplex in Sparks with new roof, new exterior paint, and new sewer line, ready for new owner or investor., Option to live in one and rent the other unit or buy it as a stabilized investment. Two storage units on-site each renting for $135 per month.

    Maya Mendoza RE/MAX Professionals-Reno

    803 10th St, Sparks, NV 89431
  • /28

    $555,000

    • 1,264 Sq Ft

    2011 H St, Sparks, NV 89431

    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

    Joshua Skroch RE/MAX Professionals-Reno

    2011 H St, Sparks, NV 89431
  • /29

    $2,450,000

    • 2,291 Sq Ft

    3415 Clear Acre Ln, Reno, NV 89512

    Why Buy One House when you can Buy 4 Houses On One Parcel and Still have Extra Space? This is your opportunity to have 4 houses on 1.94 acres of land--On One Parcel! Hello...This is Definitely Unique. Check out the zoning SF3 which might allow for another dwelling if approved by City/County etc. entities but Buyer must verify. This property is close proximity to Interstate 395 & I-80 access &

    Nanette Fink-Eaton Real Estate in Nevada

    3415 Clear Acre Ln, Reno, NV 89512
  • /16

    $1,050,000

    • 3,340 Sq Ft

    462 Laurel St, Reno, NV 89512

    Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex

    Victoria Palladino Dickson Realty - Caughlin

    462 Laurel St, Reno, NV 89512
  • /27

    $399,000

    • 1,483 Sq Ft

    632 Quincy St, Reno, NV 89512

    Investor Alert! Flipper! 2 homes on 1 lot. Front home has been under construction by owner. No further work will be completed by Owner. Front unit has newer roof, new kitchen cabinets, granite slab counter tops, recessed lighting, ceiling fans, microwave installed, bath/shower unit is there ready for installation. Both units being sold in its current condition with NO repairs. No assignment

    Felisa Cusimano-Martin Dickson Realty - Sparks

    632 Quincy St, Reno, NV 89512
  • /5

    $895,000

    • 7,500 Sq Ft

    1950 Carolyn Way, Reno, NV 89506

    This listing includes one parcel with ALL of the following: one stick built home with a detached in-law suite, three manufactured homes on eight-point foundations, two RV spaces with 5th wheels, AND a coin-op laundry. Gross rents are $9650 per month. These long-term tenants are wonderful; please do disturb. Proof of funds are required to view this property and listing agent must attend showings.

    Jeffrey Loftin Dickson Realty - Downtown

    1950 Carolyn Way, Reno, NV 89506
  • /17

    $324,900

    • 2,380 Sq Ft

    400 4th St, Sparks, NV 89431

    This triplex consists of three units that are detached. Unit one is 1,262 square feet, unit two is 818 square feet and, unit three is 300 square feet. This property is near the Sparks town hall and a nice park. Show today! All figures and measurements are only approximate. Buyer is to verify schools, measurements, and utilities.

    Jim Hastings office Hastings Brokerage, Ltd.

    400 4th St, Sparks, NV 89431

Why Live in Spanish Springs

Spanish Springs, NV, has evolved from a railroad pit stop and mining settlement to one of the fastest-growing exurbs of Reno-Sparks. Housing developments now cover the area where Sky Ranch Airport once stood, featuring a mix of palatial residences and ranch-style homes along winding roads off Pyramid Way. With over 17,000 residents, including many healthcare professionals and homebuilders, Spanish Springs accommodates a large retiree community. The northern periphery, developed from the 2000s to 2020s, includes million-dollar homes in Pebble Creek, while the southern edge offers more affordable options. The housing stock ranges from pastel-colored ranch-style homes to split-levels and postmodern residences, with newer developments like Blackstone Estates showcasing postmodern and New Traditional aesthetics. Pyramid Way connects Spanish Springs to retail hubs, including WinCo Foods and Sparks Crossing shopping center. Dining options include a pub and a Thai eatery at the intersection of Pyramid Way and La Posada Drive. Nature enthusiasts can explore Pyramid Lake, Griffith Canyon, and nearby golf courses and regional parks. Spanish Springs High School is highly rated for athletics, and the community falls under the jurisdiction of the Sparks Police Department. While specific crime data is not available, the area contends with natural hazards like earthquakes and wildfires. Spanish Springs is 9 miles from downtown Sparks and 12 miles from downtown Reno, with local healthcare facilities including an emergency room and the Northern Nevada Medical Center nearby.

Home Trends in Spanish Springs, NV

Housing Trends

Median Sale Price
$635,219
Median Single Family Sale Price
$678,127
Average Price Per Sq Ft
$302
Number of Homes for Sale
91
Last 12 months Home Sales
146
Months of Supply
7.50
Median List Price
$698,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%
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