$580,000 Active
1522 F Street #A and B
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·

About This Property

1522 A and B F Street Sparks offer a unique investment profile with two detached dwellings on a single parcel, each with its own entrance, living space, and rental stream. Both units are separately livable and generate consistent monthly income. 1522 A, the front home, is a well kept single story 3-bedroom, 2 bath 1052 Sq ft unit with functional layout and steady rental history. It is currently rented through April 2027 at a monthly rent of $2050. The rear home, 1522 B, is a detached 2 bedroom/1 bath 644 sqft unit with private access, strong tenant demand, and solid cash flow. The current lease ends in July 2026. It is currently rented at $1300 with upside. Zillow's rent estimate is $1665. The layout provides flexibility for investors seeking stable returns, or for buyers who may eventually want to live in one unit while renting the other. The detached configuration reduces noise transfer and increases tenant satisfaction, while the central Sparks location, with easy access to Victorian Square, shopping, transit, and freeway access keeps vacancy rates low. This is a clean, functional, income producing property with strong rental history and long-term upside. Photos are when the units were vacant.

Listed by Robert Sweifach — Reno Country Properties

Listing Details

Status Active
MLS # 260008039

Property History

Jun 23, 2026
Listed for sale
$580,000
Property Overview
Beds 4
Lot Size 0.14 acres
Stories 1
Year Built 1937
Property Type Duplex
Subdivision Newtown Tract
STR Jurisdiction Washoe County
APN 031-352-13
Parking
Total Parking 4
Parking Features Alley Access, Detached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level
Construction Brick, Brick Veneer, Vinyl Siding
Roof Shingle
Foundation Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $1,402
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$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% ($116,000)
Home price
$580,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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