429 10th Street, Sparks, NV 89431
Local realty services provided by:ERA Realty Central
429 10th Street,Sparks, NV 89431
$1,150,000
- - Beds
- - Baths
- 4,009 sq. ft.
- Multi-family
- Active
Listed by: christopher moton
Office: marmot properties, llc.
MLS#:260007013
Source:NV_NNRMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$286.85
About this home
Five extremely well-maintained units in the heart of Victorian Square, one of Sparks's most vibrant and walkable neighborhoods. This property consists of two buildings on a single 0.16-acre parcel — a classic 1907 duplex and a 1982-built triplex — offering a strong unit mix and steady rental income at a 6% cap rate on actual rent and expenses. Excellent location and access to I-80. The Duplex — Originally built in 1907 with extensive updates, this charming single-story duplex has been thoughtfully updated while retaining its character. Unit A is a spacious 2-bed/1-bath at 1,081 square feet with in-unit laundry and tankless water heater — the kind of generous layout tenants love and stay in. Unit B is a recently renovated studio with a new mini-split system, refinished shower and tub, new tile, bathroom fan, and fresh carpet - approximately $15K in improvements about a year ago. The roof is roughly five years old with new gutters. The Triplex — This two-story building houses three 2-bed/1.5-bath units, each with in-unit laundry. Unit 423 was fully renovated with new paint, flooring, carpet, mini-blinds, and LED lighting. The triplex received a new roof and driveway approximately one year ago, along with new exterior paint and gutters. $7,150 per Month Gross Scheduled Rent (Actual). 429A - 2bd/1ba $1,550 MTM (increase effective May 1). 429B - Studio $1,000 Expires June 2026. 421 - 2bd/1.5ba $1,500 MTM. 423 - 2bd/1.5ba $1,550 Expires Nov 2026. 425 - 2bd/1.5ba $1,550 Expires Apr 2027. Recent Capital Improvements: New roofs on both buildings, new rear driveway, new gutters, exterior repaint on triplex, full studio renovation with mini-split HVAC, paver walkway, artificial lawn with pavers and solar lighting, fencing reinforced with metal posts throughout including a new south-side fence, stump removal, and landscaping improvements. Sewer line replaced in 2014. An investor-ready property with recent capital improvements already completed, a solid rent roll, and room to grow rents on the MTM and shorter-term leases — all in a prime Sparks location steps from Victorian Square's restaurants, events, and entertainment. Full Offering Memorandum is available upon request....
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Home facts
- Year built:1982
- Listing ID #:260007013
- Added:26 day(s) ago
- Updated:June 29, 2026 at 03:24 PM
Rooms and interior
- Flooring:Carpet, Ceramic Tile, Luxury Vinyl, Marble, Varies
- Kitchen Description:Dishwasher, Disposal, Electric Range, Gas Range, Microwave, Refrigerator
- Living area:4,009 sq. ft.
Heating and cooling
- Cooling:Central Air, Varies By Unit, Wall/Window Unit(s)
- Heating:Forced Air, Heating, Natural Gas, Varies By Unit, Wall Furnace
- Central air:Yes
Structure and exterior
- Year built:1982
- Building area:4,009 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Level
- Construction Materials:Frame, Wood Siding
- Levels:Two
Schools
- High school:Sparks
- Middle school:Sparks
- Elementary school:Mitchell
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$286.85
- Tax amount:$3,660
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Microwave, Oven, Refrigerator, Washer
- Laundry features:Dryer, In Unit, Varies By Unit, Washer
Parking
- Parking description:Alley Access, Common, Varies by Unit
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