Great Investment Opportunity!!! 2240 18th St in Sparks offers exactly what an investor is looking for. A four unit building that has been very well maintained inside and out. Renovations have been completed on every single unit. Every unit is tenant occupied with leases going into 2024. If you are looking for a property that you don't have to sink a lot of money into then this is it! ALL units had a new HVAC system installed in 2018. Full exterior paint was done in 2017., Parking lot sealing was done in May of 2022. All trees around the property were trimmed May of 2023. The water heater in unit 1 was replaced in March 2022. Both downstairs units have fully fenced in backyards. 8 parking spots. Located across the street from Risley Elementary School.
Closed
$930,000
2240 18th St, Sparks, NV 89431
--beds
0baths
3,498sqft
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$266/sqft
$1,977 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,977/mo
Zestimate® history
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New hvac system
Zillow last checked:
Listing updated:
Listed by:
Randy Brus BS.145297 775-229-5773,
BHG Drakulich Realty
Bought with:
David Bardelli, S.181853
Sierra Sotheby's Intl. Realty
Source: NNRMLS,MLS#: 230011671
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Forced Air, Natural Gas
Cooling
- Central Air, Electric, Refrigerated
Appliances
- Included: Oven, Dishwasher, Disposal, Gas Range, Refrigerator
- Laundry: None
Features
- Flooring: Laminate
- Windows: Blinds, Double Pane Windows, Single Pane Windows, Varies
Interior area
- Total structure area: 3,498
- Total interior livable area: 3,498 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
Features
- Stories: 2
- Patio & porch: Patio, Deck
- Fencing: Back Yard,Full
Lot
- Size: 6,969 sqft
- Features: Landscaped
Details
- Parcel number: 02725105
- Zoning: Mf4
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Crawl Space
- Roof: Composition,Flat,Membrane,Pitched,Shingle
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Sparks
- Subdivision: Meadowvale 5
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/4/2024 | Sold | $930,000-6.5%$266/sqft |
Source:  NNRMLS #230011671 Report a problem | ||
| 11/10/2023 | Pending sale | $995,000$284/sqft |
Source: NNRMLS #230011671 Report a problem | ||
| 10/5/2023 | Listed for sale | $995,000+362.8%$284/sqft |
Source: NNRMLS #230011671 Report a problem | ||
| 6/7/2013 | Listing removed | $575 |
Source: Keller Realty, Inc. Report a problem | ||
| 6/4/2013 | Listed for rent | $575-3.4% |
Source: Keller Realty, Inc. Report a problem | ||
| 3/25/2012 | Listing removed | $595 |
Source: Keller Realty Report a problem | ||
| 3/9/2012 | Listed for rent | $595 |
Source: Keller Realty Report a problem | ||
| 1/30/1998 | Sold | $215,000+13.8%$61/sqft |
Source: Public Record Report a problem | ||
| 8/30/1995 | Sold | $189,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,780 +7.5% | $100,468 +3.7% |
| 2025 | $2,586 +3% | $96,858 +4% |
| 2024 | $2,512 +3% | $93,110 +3.4% |
| 2023 | $2,439 +3% | $90,064 +23.8% |
| 2022 | $2,369 +6.3% | $72,731 +1.2% |
| 2021 | $2,229 +3% | $71,890 +9.4% |
| 2020 | $2,164 -2.9% | $65,713 |
| 2019 | $2,229 +3% | $65,713 +4.1% |
| 2018 | $2,164 +8.7% | $63,122 -0.4% |
| 2017 | $1,991 | $63,400 +5.3% |
| 2016 | $1,991 | $60,185 +6.1% |
| 2015 | $1,991 +3.1% | $56,726 +5.4% |
| 2014 | $1,930 | $53,845 +4.8% |
| 2013 | $1,930 | $51,389 |
| 2012 | -- | $51,389 -0.9% |
| 2011 | -- | $51,848 -1.8% |
| 2010 | -- | $52,785 -24.5% |
| 2009 | -- | $69,898 -12.2% |
| 2008 | -- | $79,581 |
| 2007 | -- | $79,581 +6% |
| 2006 | -- | $75,085 +34.1% |
| 2005 | -- | $55,987 +1.5% |
| 2004 | -- | $55,166 -1.1% |
| 2003 | -- | $55,768 +0.7% |
| 2002 | -- | $55,397 |
| 2001 | -- | $55,397 |
Find assessor info on the county website
Neighborhood: 89431
Nearby schools
GreatSchools rating
- 4/10Alice Maxwell Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Sparks Middle SchoolGrades: 6-8Distance: 0.1 mi
- 2/10Sparks High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Maxwell
- Middle: Sparks
- High: Sparks
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Nevada
- Washoe County
- Sparks
- 89431
- 2240 18th St
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