$149,000 Active
1940 4th Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.0 Baths
·
940 Sq Ft

About This Property

There's something refreshing about a place that keeps life simple. At 1940 4th Street #27, it's about ease, a home that fits your lifestyle without overcomplicating it. You walk in, and everything just makes sense. The space flows, the light settles in naturally, and the day feels a little lighter because of it. This 2-bedroom, 1-bath home offers 940 square feet in a co-op community, giving you a low-maintenance way to own while keeping things practical and efficient. It's the kind of setup where life feels streamlined, less upkeep, more time for what actually matters. And then there's the added functionality, a private garage equipped with a new garage door opener and durable metal cabinetry, giving you the kind of storage and organization that makes everyday life easier. Everything has its place, and it shows. Mornings here are straightforward, coffee, a quiet moment, and you're out the door with everything within reach. Evenings are just as effortless, a place to unwind, reset, and recharge without the noise of the outside world. It's not trying to be anything it's not. It's functional, comfortable, and exactly what you need it to be. And sometimes... that's exactly what makes it the right move.

Listed by Brittany Smith — Real Broker LLC

Listing Details

Status Active
MLS # 260004867
Days on Market 20
Price/Sq Ft $159

Property History

Apr 22, 2026
Listed for sale
$149,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 940
Stories 1
Year Built 1960
Property Type Condominium
APN 028-321-01
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City
Construction Asbestos, Brick
Roof Asphalt, Pitched
Foundation Slab
Utilities & Systems
Heating Natural Gas, Wall Furnace
Cooling Attic Fan, Wall/Window Unit(s)
Financial
Annual Tax $488
HOA Fee $450 / Monthly
HOA / Community Lynwood Arms Cooperative Association - 775.331.787
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
HOA & Community
Community Amenities Landscaping, Management
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($29,800)
Home price
$149,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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