$1,350 Active
241 5th 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
·
990 Sq Ft

About This Property

Available Now! Charming single-story home in the heart of Sparks, this inviting 2-bedroom, 1-bathroom residence offers comfortable living in a highly convenient location with easy access to the freeway, Pyramid Way, and nearby bus lines for simple commuting. Just minutes from vibrant Downtown Sparks, you can enjoy year-round community events, entertainment, and local attractions, while also being a short drive from shopping centers, restaurants, parks, and schools, putting everything you need close to home. Washer and dryer hookups and a refrigerator are available for tenant use; sorry, no pets allowed. Tenant Responsibilities & Fees Utilities: Tenants are responsible for all utilities. Garbage and Sewer: 89 Power and Water: tenants are responsible Rent: 1,350 Security Deposit: 1,595 One Time Administrative Fee: 195 *Do not disturb the current tenants* Join the waitlist to be notified when this home becomes available. All residents are enrolled in the Resident Benefits Package (RBP) for 55.00/month which includes liability insurance, credit building to help boost the resident's credit score with timely rent payments, up to 1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application. Owners typically accept applicants with a 650+ credit score and a combined monthly income of at least 3x rent.

Listed by David Martin — Dickson Realty - Sparks

Listing Details

Status Active
MLS # 260002673
Days on Market 61
Price/Sq Ft $1

Property History

Mar 11, 2026
Listed for sale
$1,350
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 990
Lot Size 0.18 acres
Stories 1
Property Type Single Family Residence
Subdivision O'Sullivan Addition
APN 033-307-05
Exterior & Lot
Exterior Features None
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Refrigerated
Schools
Elementary School Lincoln Park
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 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% ($270)
Home price
$1,350
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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