Investment opportunity with a solid six percent cap rate. The property includes two separate homes on one parcel. The rear home is occupied by a long-term month-to-month tenant, providing immediate income. The front home is vacant, allowing the new owner to lease it at current market rent.The front home has been refreshed with new interior paint, a new stove, and a new dishwasher. It is move-in ready and includes a private fenced yard. The rear home also has generous yard space.Conveniently located in Sparks with a long history of strong occupancy and consistent rental demand. A straightforward investment offering current income, room for rental growth, and separate outdoor space for each residence.
Property Details
Price:
$740,000
MLS #:
260008160
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Subtype:
Income
Subdivision:
Prater Addition To Sparks
Listed Date:
Jun 25, 2026
Total Sq Ft:
2,477
Lot Size:
9,191 sqft / 0.21 acres (approx)
Year Built:
1960
Units:
2
See this Listing
Schools
Elementary School:
Mitchell
Middle School:
Dilworth
High School:
Sparks
Interior
Appliances
Dishwasher, Electric Range, Refrigerator
Cooling
Electric
Fireplaces Total
1
Flooring
Luxury Vinyl
Heating
Forced Air, Natural Gas
Interior Features
Ceiling Fan(s)
Laundry Features
In Hall, Washer Hookup
Levels
One
Exterior
Construction Materials
Brick Veneer, Frame, HardiPlank Type
Exterior Features
None
Fencing
None
Lot Features
Other
Other Structures
None
Parking Features
Varies by Unit
Roof
Composition
Security Features
Smoke Detector(s)
Spa Features
None
Stories
1
Window Features
Double Pane Windows, Vinyl Frames, Window Coverings
Financial
Taxes
$2,404
Map
Community
- Address947 I Street Sparks NV
- SubdivisionPrater Addition To Sparks
- CitySparks
- CountyWashoe
- Zip Code89431
Market Summary
Current real estate data for Multi Family in Sparks as of Jul 04, 2026
6
Multi Family Listed
67
Avg DOM
$723,261
Avg List Price
Property Summary
- Located in the Prater Addition To Sparks subdivision, 947 I Street Sparks NV is a Multi Family for sale in Sparks, NV, 89431. It is listed for $740,000
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Courtesy of LPT Realty, LLC. 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. 947 I Street
Sparks, NV