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.
Sold for $750,000
$750,000
1940 Prater Way, Sparks, NV 89431
5beds
5baths
3,304sqft
MultiFamily
Built in 1950
-- sqft lot
$941,700 Zestimate®
$227/sqft
$2,093 Estimated rent
Home value
$941,700
$819,000 - $1.08M
$2,093/mo
Zestimate® history
Owner options
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$2,093/mo
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$2,093/mo
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$4,281/mo
Est. payment
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$4,281/mo
Est. payment
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List your homeWhat's special
Nevada museum of art
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 & neighborhood
Location
- Region: Sparks
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 |
Find assessor info on the county website
Neighborhood: 89431
Nearby schools
GreatSchools rating
- 5/10Kate M Smith Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 2/10Sparks Middle SchoolGrades: 6-8Distance: 1 mi
- 2/10Sparks High SchoolGrades: 9-12Distance: 0.6 mi
Get a cash offer in 3 minutes
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Estimated market value
$941,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$941,700
- Nevada
- Washoe County
- Sparks
- 89431
- 1940 Prater Way
Nearby cities
Nearby zip codes
Other Sparks Topics
