$385,000
Active
505 N Gregory Way
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
1,232
Sq Ft
About This Property
Opportunity awaits in this single-story Sparks home offering 3 bedrooms, 2 bathrooms, and a 2-car garage. Situated on a fully fenced lot with both front and backyard space, a functional floor plan and a cozy wood-burning fireplace framed in brick. This home is ready for its next chapter, ideal for a buyer looking to bring their vision and updates!
Listed by Kylie Keenan — Dickson Realty - Caughlin
Listing Details
Status
Active
MLS #
260005966
Price/Sq Ft
$312
Property History
May 13, 2026
Listed for sale
$385,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,232
Lot Size
0.14 acres
Stories
1
Year Built
1963
Property Type
Single Family Residence
Subdivision
Vista Del Oro 5A
APN
028-152-04
Parking
Garage Spaces
2
Total Parking
2
Parking Features
Attached, Garage, Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Level
Construction
Asbestos
Roof
Composition, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Natural Gas
Financial
Annual Tax
$900
Schools
Elementary School
Juniper
Middle School
Mendive
High School
Reed
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% ($77,000)
Home price
$385,000
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
