$499,900 Active Under Contract
1224 F Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·

About This Property

Charming Sparks Duplex Near Victorian Square - Excellent investment opportunity in the heart of Sparks! This well-maintained duplex, built in 1950, offers two units with strong income potential. The recently remodeled 2-bedroom unit features beautifully refinished wood floors, a cozy tiled fireplace, an updated tiled tub surround, new interior doors, vinyl windows, and stylish modern upgrades throughout. The 1-bedroom, 1-bath unit is tenant occupied with a long-term renter and includes a rare 900 plus sq ft basement, providing valuable extra storage and added flexibility. Recent improvements include a new roof, offering peace of mind for years to come. Ideally located just minutes from Victoria Square, shopping, restaurants, schools, and convenient access to Tesla pickup routes. Don't miss this turnkey duplex in a prime Sparks location, perfect for investors or owner-occupants looking to offset their mortgage with rental income!

Listed by Miranda Vaulet — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260001482
Days on Market 116

Property History

Feb 09, 2026
Listed for sale
$499,900
Current
Pending
$499,900
Property Overview
Beds 3
Lot Size 0.04 acres
Stories 1
Year Built 1950
Property Type Duplex
Subdivision Prater Addition To Sparks
STR Jurisdiction Washoe County
APN 032-081-01
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Brick
Roof Composition, Pitched
Foundation Concrete Perimeter
Pool & Spa
Pool No
Utilities & Systems
Heating Fireplace(s), Floor Furnace, Forced Air
Financial
Annual Tax $791
Schools
Elementary School Mitchell
Middle School Sparks
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 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% ($99,980)
Home price
$499,900
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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