$429,000 Active
1010 12th Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Great Opportunity for a developer to build in the heart of Sparks. This community is growing rapidly and is in need of entry level homes. The location IS CLOSE TO freeway, shopping and schools. MUD zoning allows for many uses including multi family, office and other uses. Drawings for "12 on 12th" Townhomes is in the concept phase. This project would be 12 3-bedroom, 2.5 bath and 2 car garage townhomes. All utilities to property. Buyer and Buyers agent to verify any and all information. Possible assumable first mortgage of 230 K. Owners would be open to a joint venture.

Listed by Peter Bosco — New Dimensions, Inc.

Listing Details

Status Active
MLS # 260010950

Property History

Aug 23, 2026
Listed for sale
$429,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2026 $290,000 Richard MenchelHaute Properties NV Peter BoscoNew Dimensions, Inc.

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Lot Size 0.61 acres
Property Type Land
Subdivision Prater Addition To Sparks
STR Jurisdiction Washoe County
APN 031-092-07
Exterior & Lot
Lot Features Level, Corners Marked
View Mountain(s)
Financial
Annual Tax $2,815
Schools
Elementary School Mitchell
Middle School Sparks
High School Sparks
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($85,800)
Home price
$429,000
Loan details
30-yr fixed, 6.5%
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