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  • $520,000

    409 6th St, Sparks, NV 89431

    --beds
    0baths
    1,920sqft
    Multi Family
    Built in 1980
    -- sqft lot
    $582,900 Zestimate®
    $271/sqft
    $1,902 Estimated rent

    Home value

    $582,900

    $554,000 - $618,000

    $1,902/mo

    Zestimate® history
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    What's special

    Don't miss this opportunity, first time on the market in nearly 30 years! Here is your chance to own an amazing investment property in the heart of Sparks! Walking distance to Victorian Square and all the events that happen in Sparks, walking distance to the new amphitheater, and the Casinos! This location cannot be beat! there are 2 units, each are 960 sq ft, (+ or -) with 2 bedrooms and 1 bath each. They have their own laundry hookups as well., These units are large with an open feel "great room" set up for the primary living areas, the floorplan makes these units feel much bigger than their size would indicate. The kitchens are large and open with an eat in breakfast nook and lots of cabinet space. The bedrooms are impressively sized and don't feel crowded at all. The single bath is ideally located between the bedrooms. There is off street parking in the detached garage with alley access. The units can use some cosmetic TLC and the tenants are month to month long term residents, the current rent is below market for the area and there is room for increase to market rates even in its current condition. There is a TON of upside income available for the owner who wants to add some cosmetic updating and turn them into a VRBO/Airbnb. The income potential is unlimited with the proximity to Victorian Square and the surrounding casinos. You could make your whole year with Hot August Nights; Street Vibrations and the Nugget Rib cook off! This is a steal to the right buyer with the foresight to see what this duplex could truly be. The neighborhood is nicely maintained, and the properties are well kept. Don't wait on this unit, Duplex and multi-Family properties are rare and this unit, with its location and income potential is rarer still!

    Zillow last checked:

    Listing updated:

    Listed by:

    John Ruddy BS.145794 303-718-6017,

    Coldwell Banker Select Reno

    Bought with:

    Lolis Vazquez, S.38647

    Reno Sparks Realty, LLC

    Source: NNRMLS,MLS#: 240002109MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced Air, Natural Gas, Varies by Unit
    Cooling
    • Varies by Unit
    Appliances
    • Included: Oven, Dishwasher, Disposal, Gas Range, Refrigerator
    • Laundry: In Kitchen, Washer Hookup, Varies By Unit
    Features
    • Flooring: Laminate, Varies, Vinyl, Wood
    • Windows: Double Pane Windows, Metal Frames, Varies
    Interior area
    • Total structure area: 1,920
    • Total interior livable area: 1,920 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Alley Access, Garage
    Features
    • Stories: 1
    • Fencing: Partial
    Lot
    • Size: 6,098 sqft
    • Features: Landscaped
    Details
    • Parcel number: 03324603
    • Zoning: MUD
    • Other equipment: Varies by Unit

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame
    • Foundation: Slab
    • Roof: Composition,Pitched,Shingle
    Condition
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed, Varies By Unit

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Sparks

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional

    Price history

    DateEventPrice
    6/21/2024Sold$520,000-9.6%$271/sqft
    Source: NNRMLS #240002109 Report a problem
    5/8/2024Pending sale$575,000$299/sqft
    Source: NNRMLS #240002109 Report a problem
    3/29/2024Price change$575,000-1.7%$299/sqft
    Source: NNRMLS #240002109 Report a problem
    3/1/2024Listed for sale$585,000+339.8%$305/sqft
    Source: NNRMLS #240002109 Report a problem
    9/28/2018Listing removed$995$1/sqft
    Source: Coldwell Banker Select Real Estate Report a problem
    9/15/2018Listed for rent$995$1/sqft
    Source: Coldwell Banker Select Real Estate Report a problem
    3/29/1996Sold$133,000$69/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$1,860 +7.9%$71,104 -2.4%
    2025$1,724 +2.9%$72,848 +1.8%
    2024$1,675 +2.9%$71,572 +3.6%
    2023$1,628 +8%$69,111 +17.4%
    2022$1,508 +3%$58,888 +13.1%
    2021$1,464 +3.2%$52,088 +5%
    2020$1,419 -3.1%$49,623
    2019$1,464 +3.2%$49,623 +17.9%
    2018$1,419 +8.6%$42,092 +2.4%
    2017$1,307 $41,113 +4.8%
    2016$1,307 $39,248 +6.3%
    2015$1,307 +3.5%$36,932 +6.2%
    2014$1,262 $34,778 +3.3%
    2013$1,262 $33,676
    2012-- $33,676 +0.6%
    2011-- $33,475 +1.2%
    2010-- $33,064 -29.5%
    2009-- $46,929 -15.7%
    2008-- $55,638
    2007-- $55,638 +10.8%
    2006-- $50,207 +24.9%
    2005-- $40,201 -6.2%
    2004-- $42,842 -1%
    2003-- $43,284 +0.6%
    2002-- $43,011 +0.5%
    2001-- $42,797

    Find assessor info on the county website

    Neighborhood: 89431

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $582,900
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    Estimated market value
    $582,900