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1230 E Street , 1230, 1232, 123

Sparks, NV 89431
  • $985,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 250051447
$985,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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 / 1.5 bath unit. Each unit offers two designated parking spaces. All units feature granite countertops and underwent full kitchen and bathroom remodels in 2024. Each unit also includes updated flooring and fresh paint, offering a turnkey experience for both tenants and investors. Located just blocks from downtown Sparks, this multifamily property is walkable to restaurants, the Sparks movie theater, and local events, including farmers markets and festivals at Victorian Square. With room for rental growth, low vacancy risk, and desirable unit layouts, this is a great opportunity.

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Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-07-12T00:19:46.697.
www.vaulethomes.com/homes/164873781
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1230 E Street , 1230, 1232, 123 Sparks, NV 89431

  • Price: $985,000
  • Status: Active
  • On Site: 28 Days
  • MLS #: 250051447
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1980
Built
Neighborhood:
89431
County:
Washoe
Area:
89431
Elementary School:
Mitchell
Middle School:
Sparks
High School:
Sparks
Property Description
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 / 1.5 bath unit. Each unit offers two designated parking spaces. All units feature granite countertops and underwent full kitchen and bathroom remodels in 2024. Each unit also includes updated flooring and fresh paint, offering a turnkey experience for both tenants and investors. Located just blocks from downtown Sparks, this multifamily property is walkable to restaurants, the Sparks movie theater, and local events, including farmers markets and festivals at Victorian Square. With room for rental growth, low vacancy risk, and desirable unit layouts, this is a great opportunity.
Exterior Features

Attached Garage YN No Construction Materials Wood Siding Exterior Features None Foundation Details SlabCrawl Space Parking Features Alley AccessAssigned Patio And Porch Features [] Pool Features None Roof CompositionPitchedShingle Spa Features None Window Features Double Pane WindowsVinyl Frames

Interior Features

Accessibility Features [] Appliances DishwasherDryerRefrigeratorWasher Building Area Total 3253 Common Walls [] Cooling Evaporative Cooling Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring CarpetLaminate Heating Natural Gas Heating YN Yes Interior Features [] Laundry Features In Unit Levels Two Unit1 Baths Total 1 Unit2 Baths Total 1 Unit3 Baths Total 1 Unit4 Baths Total 1 Units Furnished None

Property Features

Association Amenities [] Association Fee Includes [] Buyer Financing [] Covenants Conditions Restrictions YN No Fencing Front YardPartial Green Energy Generation [] Green Water Conservation [] Listing Terms 1031 ExchangeCashConventional Lot Features Other Other Equipment Satellite Dish Other Structures None Owner Pays WaterTrash CollectionSewer Property Sub Type Triplex Road Frontage Type [] Road Responsibility [] Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions [] Tax Annual Amount 2677 Tenant Pays TelephoneGasElectricity Unit Type Type [] Unit1 Actual Rent 1275 Unit1 Unit Type 1 Bedroom Unit2 Actual Rent 1275 Unit2 Unit Type 1 Bedroom Unit3 Actual Rent 1395 Unit3 Unit Type 2 Bedroom Unit4 Actual Rent 1675 Unit4 Unit Type 2 Bedroom Utilities Cable AvailableElectricity AvailableElectricity ConnectedInternet AvailableNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableWater AvailableWater ConnectedCellular Coverage Water Source Public Waterfront Features [] Zoning MUD

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of RE/MAX Gold: .

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-07-12T00:19:46.697.
 
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Reno NV, 89502