1947 H Street, Sparks, NV 89431

Sparks
Local realty services provided by:Better Homes and Gardens Real Estate Drakulich Realty
1947 H Street,Sparks, NV 89431
$1,299,000
  • 10 Beds
  • 6 Baths
  • 4,392 sq. ft.
  • Multi-family
  • Active
Listed by: corry castaneda, christy indie
Office: chase international-damonte
MLS#:260001826
Source:NV_NNRMLS

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$295.77

About this home

Chase International is pleased to present this turnkey 6 unit multifamily investment near downtown Sparks. This fully leased, income producing rental property in the highly sought-after Reno market boasts a cap rate yield above 6.27 percent based on actuals. This six-unit multifamily property at 1947 & 1949 H Street in Sparks, Nevada features four spacious 2 bed / 1 bath units, and two 1 bed/ 1 bath units, presenting a rare opportunity to acquire a stabilized income asset with long-term redevelopment upside in a growing Northern Nevada submarket. Situated on two parcels totaling approximately 0.345 acres (±15,028 square feet), the property consists of ±4,392 square feet of existing residential improvements supported by municipal gas, electric, water, and sewer. The asset is currently generating 102,000K in gross annual income and 81,422K in net operating income, offering a self managed 6.27 percent cap rate based on actuals (not pro forma) at the 1,299,000K asking price and a 5.8...

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Home facts

  • Year built:1960
  • Listing ID #:260001826
  • Added:51 day(s) ago
  • Updated:April 10, 2026 at 03:15 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:6
  • Flooring:Carpet, Ceramic Tile
  • Kitchen Description:Dishwasher, ENERGY STAR Qualified Appliances, Electric Oven, Electric Range, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
  • Living area:4,392 sq. ft.

Heating and cooling

  • Cooling:Varies By Unit
  • Heating:Electric, Forced Air, Heating, Natural Gas, Varies By Unit, Wall Furnace

Structure and exterior

  • Year built:1960
  • Building area:4,392 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Landscaped, Level
  • Construction Materials:Asbestos, Stucco, Wood Siding
  • Levels:One

Schools

  • High school:Sparks
  • Middle school:Sparks
  • Elementary school:Smith

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$295.77
  • Tax amount:$2,753

Features and amenities

  • Appliances:Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Electric Oven, Electric Range, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Laundry features:Dryer, In Unit, Varies By Unit, Washer

Parking

  • Parking description:Alley Access, Varies by Unit
The information being provided by Northern Nevada Regional Mls Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Northern Nevada Regional Mls Inc.. Better Homes and Gardens Real Estate Drakulich Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Drakulich Realty, a broker participant of Northern Nevada Regional Mls Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Northern Nevada Regional Mls Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Northern Nevada Regional Mls Inc.. All rights reserved.

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