$159,900 Active
1940 4th Street #51
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

Rare Opportunity in 55+ Co-Op Community! Don't miss this highly sought-after main floor unit in a well-maintained and affordable 55+ community. This warm and inviting 2-bedroom, 1-bath home offers 940 sq. ft. of comfortable living space and has been meticulously maintained and upgraded. Enjoy peaceful surroundings and lush, mature landscaping, There is a private patio—a rare feature in the community! Additional highlights include a newer furnace and hot water heater, air conditioning, and a private 1-car garage. Located just steps from the bus stop, with a convenient on-site laundry center, this home is perfect for easy, low-maintenance living. Impeccably maintained grounds create a tranquil, park-like setting. Schedule your private showing today—main floor units like this rarely become available!

Listed by Janet Oliver — Assist-2-Sell Buyers & Sellers

Listing Details

Status Active
MLS # 250053612
Days on Market 288
Price/Sq Ft $170

Property History

Jul 25, 2025
Listed for sale
$159,900
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 940
Stories 1
Year Built 1960
Property Type Condominium
APN 028-321-01
Parking
Garage Spaces 1
Total Parking 2
Parking Features Additional Parking, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Common Area, Level, Sprinklers In Front
Construction Brick, Masonite
Roof Composition, Pitched
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Wall/Window Unit(s)
Financial
Annual Tax $474
HOA Fee $450 / Monthly
HOA / Community Lynnwood Arms Co Op
Schools
Elementary School Greenbrae
Middle School Dilworth
High School Sparks
HOA & Community
Community Amenities Landscaping
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($31,980)
Home price
$159,900
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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