$400,000 Active
709 M Street
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
·
850 Sq Ft
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About This Property

This very well maintained home is well located in Sparks and within walking distance to Burgess & Longford Parks as well as shopping and restaurants. The owner has made many improvements over the years and it shows! The kitchen was remodeled in 2023 with new cabinets, counters & beautiful tile backsplash and floating shelves. The living room is the center of the home and the large brick fireplace was updated with stone/tile mantle and accents plus there is recessed lighting and a ceiling fan. Each bedroom has ceiling fans and there's LVP flooring throughout (3 yrs old). Newer water heater, microwave, brand new dishwasher and garage door. It includes all kitchen appliances plus a freezer in the laundry room and garage refrigerator. You will enjoy fabulous mature pines trees, lots of roses, 1 apple and 1 pear tree, a large backyard patio for entertaining as well as a storage shed. Other updates include: front screen door, back door to patio with window, new sewer line from house to street (3 yrs), brand new city sidewalks and newly paved street! House trim was just repainted. The long driveway allows for additional parking and the 376 sf garage is oversized! Garage has some shelving and a built in cabinet. This is SUPER CLEAN and priced to sell!

Listed by Karen Melarkey — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260011777
Days on Market 2
Price/Sq Ft $471

Property History

Sep 11, 2026
Listed for sale
$400,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 850
Lot Size 0.14 acres
Stories 1
Year Built 1953
Property Type Single Family Residence
Subdivision Green Brae Terrace Addition 5
STR Jurisdiction Washoe County
APN 033-011-03
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Rear
Construction Brick Veneer
Roof Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $604
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($80,000)
Home price
$400,000
Loan details
30-yr fixed, 6.5%
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