1947 H Street, Sparks, NV 89431

Local realty services provided by:ERA Realty Central
1947 H Street,Sparks, NV 89431
$1,299,000
  • - Beds
  • - 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:1 day(s) ago
  • Updated:February 18, 2026 at 11:22 AM

Rooms and interior

  • 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

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
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