1947 H Street, Sparks, NV 89431

Sparks
Local realty services provided by:ERA Realty Central
1947 H Street,Sparks, NV 89431
$1,140,000
  • 10 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: corry castaneda, christy indie
Office: chase international-damonte
MLS#:260001826
Source:NV_NNRMLS

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Price summary

  • Price:$1,140,000

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:85 day(s) ago
  • Updated:May 14, 2026 at 09:52 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

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
  • 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:$1,140,000
  • 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
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