This duplex is priced to sell based on actual in-place income rather than pro forma projections, with both units currently rented below market. Offered at nearly 200k below any other duplex in the area, this is a rare opportunity to acquire a turnkey investment with built-in upside from day one. The property is already producing steady income, with one unit operating near market and the second offering a clear value-add path. Simple cosmetic updates can unlock higher rents without the need for major renovation, allowing a new owner to increase returns while maintaining stable cash flow. Property Highlights: Turnkey two-unit investment in a high-demand rental area Below-market rents with immediate upside potential RUBS reimbursement system in place Opportunity to increase rents as-is or through light cosmetic improvements Strong long-term hold with both cash flow and appreciation potential Whether you plan to hold for reliable income, implement light upgrades to maximize yield, or both, this property presents an exceptional value compared to other duplex offerings in the market and a unique chance to secure a high-performing investment at a significant discount.
Property Details
Price:
$525,000
MLS #:
260000836
Status:
Active
Beds:
2
Baths:
1
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Newtown Tract
Listed Date:
Jan 23, 2026
Total Sq Ft:
900
Lot Size:
6,011 sqft / 0.14 acres (approx)
Year Built:
1963
Units:
2
See this Listing
Schools
Elementary School:
Smith
Middle School:
Sparks
High School:
Sparks
Interior
Appliances
Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
Cooling
Central Air
Flooring
Carpet, Laminate, Luxury Vinyl
Heating
Natural Gas
Laundry Features
In Unit
Levels
One
Exterior
Construction Materials
Frame, Wood Siding
Exterior Features
None
Fencing
Partial
Lot Features
Landscaped, Level
Other Structures
Storage
Parking Features
Common, RV Access/Parking, None
Parking Spots
8
Parking Total
8
Roof
Composition, Shingle
Security Features
Security Gate, Smoke Detector(s)
Spa Features
None
Stories
1
Window Features
Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
Financial
Taxes
$1,439
Map
Community
- Address1720 H Street Sparks NV
- SubdivisionNewtown Tract
- CitySparks
- CountyWashoe
- Zip Code89431
Market Summary
Current real estate data for Multi Family in Sparks as of May 19, 2026
5
Multi Family Listed
85
Avg DOM
$668,960
Avg List Price
Property Summary
- Located in the Newtown Tract subdivision, 1720 H Street Sparks NV is a Multi Family for sale in Sparks, NV, 89431. It is listed for $525,000
Similar Listings Nearby
Courtesy of Sierra Sotheby’s International. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Northern Nevada Regional MLS. All rights reserved. 1720 H Street
Sparks, NV
