$159,900 Active
1940 4th Street #49
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

Welcome home to this beautifully remodeled, move-in ready 2-bedroom, 1-bath, first floor condo in a desirable senior community in the heart of Sparks, NV. Offering approximately 940 square feet of thoughtfully updated living space, this charming home combines comfort, convenience, and low-maintenance living. The inviting interior features cozy comfort in a functional floor plan designed for everyday living. Step outside the backdoor from the kitchen onto your own patio-an ideal place to relax and enjoy your morning coffee or unwind in the evening. The community is beautifully landscaped with mature greenery, creating a peaceful and welcoming atmosphere. Centrally located, you'll enjoy quick access to shopping, dining, medical facilities, parks, and all the amenities Sparks has to offer. Whether you're looking to downsize or enjoy a carefree lifestyle in a well-maintained senior community, this exceptional condo is ready to welcome you home. Don't miss this opportunity. Some community notes: Property taxes are included and paid by the HOA. This is a pet free community. The units have to be occupied by the owner and can not be rented out. All condos in this community are transferred directly by the HOA and there is no need for escrow.

Listed by Jennifer Scott — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260008999
Price/Sq Ft $170

Property History

Jul 15, 2026
Listed for sale
$159,900
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 940
Lot Size 0.02 acres
Stories 1
Year Built 1960
Property Type StockCooperative
STR Jurisdiction Washoe County
APN 028-321-02
Parking
Garage Spaces 1
Total Parking 1
Parking Features Detached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Common Area, Greenbelt, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Park/Greenbelt
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Wall Furnace
Cooling Wall/Window Unit(s)
Financial
HOA Fee $500 / Monthly
HOA / Community Lynnwood Arms Co-Op
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
HOA & Community
Community Amenities Landscaping
📊

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% ($31,980)
Home price
$159,900
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message