$145,000 Active
1940 4th Street #51
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

Don't miss this rare opportunity to own a highly desirable main-floor condo in a well-maintained and affordable 50+ community. Offering approximately 940 square feet, this beautifully updated 2-bedroom, 1-bath home combines comfort, convenience, and low-maintenance living in an exceptional location. This desirable end-unit features a private patio, a rare find within the community, where you can enjoy your morning coffee surrounded by beautiful flowers and well-maintained landscaping. The peaceful outdoor setting adds to the charm and comfort of this inviting home. Inside, you'll find a bright and welcoming floor plan that has been meticulously cared for, along with numerous updates including a newer furnace, newer water heater, air conditioning wall unit, and tasteful improvements throughout. Residents enjoy immaculate park-like grounds with mature landscaping, creating a peaceful and welcoming atmosphere. Additional conveniences include on-site laundry facilities, a private one-car garage, and a bus stop conveniently located directly in front of the community, making transportation easy and accessible. Whether you're looking to downsize, simplify, or enjoy an active retirement lifestyle, this move-in ready home offers outstanding value in a sought after location. Main floor units with private outdoor space rarely become available. Schedule your private showing today.

Listed by Amber Donnelly — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 260007725
Price/Sq Ft $154

Property History

Jun 17, 2026
Listed for sale
$145,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 940
Stories 1
Year Built 1953
Property Type StockCooperative
Subdivision Green Brae Terrace 7
STR Jurisdiction Washoe County
APN 028-373-12
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Construction Asbestos
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Financial
Annual Tax $474
HOA Fee $450 / Monthly
HOA / Community Lynnwood Arms Co-Op
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
HOA & Community
Community Amenities Landscaping
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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% ($29,000)
Home price
$145,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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