Active under contract-show

$995,000

401 6th St, Sparks, NV 89431

7beds

5baths

3,500sqft

$6,554/mo

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Multi Family

Built in 1903

-- sqft lot

$-- Zestimate^®

$284/sqft

$-- HOA

What's special

Extensive remodel of a beautiful historic building located near Victorian Square. Current 7 percent plus cap rate for this property. All three upstairs 1 bed/1 bath units, and the large 4 bed / 2 bath downstairs unit have been fully remodeled. All four units are rented on month-to-month leases for maximum flexibility for new new owner, but tenants would like to stay long term. This property is an exceptional investment.

151 days

65

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5

Heating

Electric

Cooling

Electric

Appliances

Included: Oven, Gas Range, Refrigerator
Laundry: In Unit

Features

Flooring: Varies, Wood
Windows: Varies
Has fireplace: No

Interior area

Total structure area: 3,500
Total interior livable area: 3,500 sqft

Property

Parking

Parking features: Alley Access, Garage

Features

Levels: Two
Stories: 2
Exterior features: None
Pool features: None
Spa features: None
Fencing: Front Yard

Lot

Size: 6,098 Square Feet
Features: Landscaped

Details

Additional structures: Other
Parcel number: 03324604
Zoning: MUD

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Crawl Space
Roof: Asphalt

Condition

Year built: 1903

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Water Available

Community & HOA

Community

Subdivision: O'Sullivan Addition

Location

Region: Sparks

Financial & listing details

Price per square foot: $284/sqft
Tax assessed value: $260,126
Annual tax amount: $2,125
Date on market: 3/26/2026
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: Electricity

Estimated market value

Not available

Estimated sales range

Not available

$3,964/mo

Price history

Date	Event	Price
7/24/2026	Contingent	$995,000$284/sqft
Source: NNRMLS #260003489 Report a problem
3/26/2026	Listed for sale	$995,000+4.7%$284/sqft
Source: NNRMLS #260003489 Report a problem
7/30/2024	Listing removed	--
Source: NNRMLS #230012829 Report a problem
7/23/2024	Price change	$950,000-4.5%$271/sqft
Source: NNRMLS #230012829 Report a problem
6/3/2024	Price change	$995,000-5.2%$284/sqft
Source: NNRMLS #230012829 Report a problem
5/15/2024	Price change	$1,050,000-4.5%$300/sqft
Source: NNRMLS #230012829 Report a problem
4/8/2024	Price change	$1,100,000-8.3%$314/sqft
Source: NNRMLS #230012829 Report a problem
11/29/2023	Listed for sale	$1,200,000$343/sqft
Source: NNRMLS #230012829 Report a problem
11/16/2023	Pending sale	$1,200,000$343/sqft
Source: NNRMLS #230012829 Report a problem
11/4/2023	Listed for sale	$1,200,000+128.6%$343/sqft
Source: NNRMLS #230012829 Report a problem
6/28/2023	Sold	$525,000-19.1%$150/sqft
Source: Public Record Report a problem
4/28/2023	Pending sale	$649,000$185/sqft
Source: NNRMLS #220015929 Report a problem
11/4/2022	Listed for sale	$649,000+255.6%$185/sqft
Source: NNRMLS #220015929 Report a problem
4/26/1996	Sold	$182,500$52/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$2,126 +7.9%	$91,044 +0.5%
2025	$1,969 +3%	$90,589 +3.6%
2024	$1,913 +7.8%	$87,425 +5.3%
2023	$1,774 +8.1%	$83,013 +24.2%
2022	$1,642 +6.5%	$66,820 +5.2%
2021	$1,542 +5%	$63,545 +13.2%
2020	$1,469 -4.8%	$56,133
2019	$1,542 +5%	$56,133 +7.4%
2018	$1,469 +11.8%	$52,289 +2.2%
2017	$1,313	$51,177 +10.4%
2016	$1,313	$46,344 +11.5%
2015	$1,313 +3.3%	$41,554 +12.9%
2014	$1,272	$36,810 +8.5%
2013	$1,272	$33,938
2012	--	$33,938 +1.3%
2011	--	$33,489 -3.2%
2010	--	$34,593 -30.7%
2009	--	$49,924 -14.1%
2008	--	$58,129
2007	--	$58,129 +9.4%
2006	--	$53,116 +51.5%
2005	--	$35,051 +8.2%
2004	--	$32,390 -0.8%
2003	--	$32,635 +0.5%
2002	--	$32,484 +4%
2001	--	$31,237