$699,900
Active
1018 E Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4
Beds
·
About This Property
Great investment opportunity, 3 separate units, all units occupied. Well maintained, great location near schools, shopping, easy freeway access. All units have updates and are in good condition. Sale includes 1018 E Street, 1016 E Street on parcel listed above and 1018-1/2 E Street on additional parcel.
Listed by Brenda Aucutt — RE/MAX Professionals-Sparks
Listing Details
Status
Active
MLS #
260003782
Days on Market
64
Property History
Apr 02, 2026
Listed for sale
$699,900
Property Overview
Beds
4
Lot Size
0.11 acres
Stories
1
Year Built
1937
Property Type
MLF
Subdivision
Prater Addition To Sparks
STR Jurisdiction
Washoe County
APN
032-094-11
Parking
Total Parking
5
Parking Features
Assigned, None
Exterior & Lot
Exterior Features
None
Lot Features
Landscaped, Level, Sprinklers In Front
Construction
Unknown
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Pool & Spa
Pool
No
Utilities & Systems
Heating
Floor Furnace, Wall Furnace, Varies By Unit
Cooling
Electric, Wall/Window Unit(s), Varies By Unit
Financial
Annual Tax
$1,312
Schools
Elementary School
Mitchell
Middle School
Sparks
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% ($139,980)
Home price
$699,900
Loan details
30-yr fixed, 6.5%
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