$674,900 Active Under Contract
1242 Alfalfa Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
3,180 Sq Ft

About This Property

Rare Opportunity!! Check Out This Huge Next Gen Home! (2 homes) The Main Home Features: Bright & Airy Open-Concept Home with Tile Roof, Stucco & Brick Exterior, Stainless Steel Appliances, Gas Stove, Open Kitchen, Large Pantry, Huge Island, Soft-Close Cabinets, Breakfast Bar, Formal Dining, & Open Living Space, plus a Covered Patio, on a corner lot. Guest Home: Is a private first-floor suite with its own entrance, kitchenette, bedroom, and living space. It offers a private covered patio. It is perfect for aging parents, returning college students, or long-term guests. Upgrades List: First Floor Tile instead of Carpet $12,000. 2 Paved Sidewalks and turf in the backyard $8,000. + $4,000. Also, Multi-Gen Unit with private fence, embedded electric stove, duo LG Washer & Dryer, and the board up entrance door so it is quieter and provides more privacy in the multi-gen unit as a rental. Come see this wonderful Next Gen Home!

Listed by Lee Trefethen — Coldwell Banker Select Reno

Listing Details

Status Active Under Contract
MLS # 260006385
Days on Market 15
Price/Sq Ft $212

Property History

May 20, 2026
Listed for sale
$674,900
Current
Pending
$674,900
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,180
Lot Size 0.15 acres
Stories 2
Year Built 2022
Property Type Single Family Residence
Subdivision Kiley Ranch North Village 37C
STR Jurisdiction Washoe County
APN 510-775-01
Parking
Garage Spaces 3
Total Parking 5
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Multiple Entry Flat or Ramped
Lot Features Artificial Turf, Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Brick, Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,391
HOA Fee $101 / Quarterly
HOA / Community Kiley Ranch North LMA
Schools
Elementary School John Bohach
Middle School Sky Ranch
High School Spanish Springs
HOA & Community
Community Amenities None
📊

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% ($134,980)
Home price
$674,900
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Murat Gocmen.

Or call directly: (530) 317-0373