$125,000 Active
1940 4th Street #53
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

Ground-floor, end unit, 2 bedroom, 1 bath co-op in a charming 55+ community. Set on beautifully maintained grounds with mature trees, this home offers a peaceful, low-maintenance lifestyle with a natural sense of ease and comfort. The functional layout flows effortlessly, filled with natural light and designed for everyday living. Enjoy the convenience of a detached garage with storage cabinetry, along with a unit exit to the alley—ideal for easy grocery unloading and everyday accessibility. Located near a senior center, shopping, and local amenities, everything you need is within close reach. The monthly fee covers nearly all essentials, including property taxes, water, sewer, trash, exterior building, grounds maintenance, and laundry facilities, making for a simple, streamlined lifestyle. Cash purchase only. Owner-occupied only. No pets or rentals permitted.

Listed by Pamela Stayden — Compass

Listing Details

Status Active
MLS # 260008248
Price/Sq Ft $133

Property History

Jun 26, 2026
Listed for sale
$125,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 940
Stories 2
Year Built 1960
Property Type Condominium
STR Jurisdiction Washoe County
APN 028-321-01
Parking
Garage Spaces 1
Total Parking 1
Parking Features Additional Parking, Alley Access, Detached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Common Area, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction Asbestos, Brick
Roof Asphalt, Pitched
Foundation Slab
Utilities & Systems
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Financial
HOA Fee $500 / Monthly
HOA / Community Lynwood Arms Cooperative Association
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
HOA & Community
Community Amenities Landscaping, Parking
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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% ($25,000)
Home price
$125,000
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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