$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

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% ($77,000)
Home price
$385,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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