$995,000
Active
401 6th Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
7
Beds
·
About This Property
Extensive remodel of a beautiful historic building located near Victorian Square. Current 7 percent plus cap rate for this property. All three upstairs 1 bed/1 bath units, and the large 4 bed / 2 bath downstairs unit have been fully remodeled. All four units are rented on month-to-month leases for maximum flexibility for new new owner, but tenants would like to stay long term. This property is an exceptional investment.
Listed by Brian Gonsalves — West River Real Estate
Listing Details
Status
Active
MLS #
260003489
Days on Market
71
Property History
Mar 26, 2026
Listed for sale
$995,000
Property Overview
Beds
7
Lot Size
0.14 acres
Stories
2
Year Built
1903
Property Type
MLF
Subdivision
O'Sullivan Addition
STR Jurisdiction
Washoe County
APN
033-246-04
Parking
Parking Features
Alley Access, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Landscaped
Construction
Frame, Wood Siding
Roof
Asphalt
Foundation
Crawl Space
Pool & Spa
Pool
No
Utilities & Systems
Heating
Electric
Cooling
Electric
Financial
Annual Tax
$2,125
Schools
Elementary School
Lincoln Park
Middle School
Dilworth
High School
Sparks
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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
