Sold for $750,000

$750,000

1940 Prater Way, Sparks, NV 89431

5beds

5baths

3,304sqft

MultiFamily

Built in 1950

-- sqft lot

$952,400 Zestimate^®

$227/sqft

$1,782 Estimated rent

Home value

$952,400

$838,000 - $1.09M

$1,782/mo

Zestimate^® history

Owner options

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$1,782/mo

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$1,782/mo

Rent Zestimate^®

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$4,349/mo

Est. payment

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$4,349/mo

Est. payment

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What's special

Nevada museum of art

Excellent lot in developing location in Sparks! Currently an old retail location with 3 duplexes located on it (half of one is damaged), all structures are in teardown condition. Included in the sale are plans for 30-unit apartment building, similar to the complex at 2238 Prater Way -- potential monthly rental income of the completed structure is $36,000! Don't wait -- this is an incredible investment opportunity. Nearby: West Wind El Rancho Drive-In Theatre, Nevada Museum of Art, shopping and dining on Prater Way, easy access to Eisenhower Hwy and 395 Fwy, short commute to Reno Tahoe Int'l Airport. Buyer to verify all information.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Other

Interior area

Total interior livable area: 3,304 sqft

Property

Features

Exterior features: Other, Cement / Concrete

Lot

Size: 0.74 Acres

Details

Parcel number: 03133005

Construction

Type & style

Home type: MultiFamily

Materials

masonry

Condition

Year built: 1950

Community & HOA

Location

Region: Sparks

Financial & listing details

Price per square foot: $227/sqft
Tax assessed value: $499,220
Annual tax amount: $5,904

Price history

Date	Event	Price
6/28/2024	Sold	$750,000-31.8%$227/sqft
Source: Public Record Report a problem
6/14/2022	Listing removed	--
Source: REX Real Estate Report a problem
12/17/2021	Listed for sale	$1,100,000+214.3%$333/sqft
Source: REX Real Estate Report a problem
8/2/2016	Sold	$350,000$106/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$5,904 +8.8%	$174,727 +3.1%
2025	$5,428 +7.9%	$169,530 +9.3%
2024	$5,029 +7.8%	$155,035 +5%
2023	$4,666 +7.9%	$147,596 +10.4%
2022	$4,326 +0.1%	$133,636 +14.3%
2021	$4,323 +1%	$116,954
2020	$4,279 -1%	--
2019	$4,323 +1%	$114,769 +1.2%
2018	$4,279 +1.4%	$113,454 +0.1%
2017	$4,220	$113,355 -0.4%
2016	$4,220	$113,852 +0.4%
2015	$4,220 +1%	$113,344 +1.4%
2014	$4,178	$111,726