$1,050,000
Active
312 16th Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
8
Beds
·
About This Property
4-plex with 3 townhome style apartments that are 2 bedrooms and 1.5 baths each. Standalone home on the same parcel is the 4th rentable unit with 2 bedrooms, 1 bathroom, a large basement area and a fully fenced backyard area. Small storage spaces are available. Parking is easy with a lot in front of the 3-plex and the home has it's own lot with alley way access. Walking distance to Historic Victorian avenue for entertainment and events. Fire department is 2 blocks away, easy freeway access makes this central location highly desirable.
Listed by Daniel Puz — New Dimensions, Inc.
Listing Details
Status
Active
MLS #
260010306
Days on Market
1
Property History
Aug 10, 2026
Listed for sale
$1,050,000
Property Overview
Beds
8
Lot Size
0.17 acres
Stories
2
Year Built
1935
Property Type
Quadruplex
Subdivision
Newtown Tract
STR Jurisdiction
Washoe County
APN
032-076-16
Parking
Total Parking
8
Parking Features
Alley Access, Common
Exterior & Lot
Exterior Features
None
Lot Features
Corner Lot
Construction
Frame, Wood Siding, Unknown
Roof
Composition, Pitched, Shingle
Foundation
Full Perimeter, Crawl Space
Pool & Spa
Pool
No
Utilities & Systems
Heating
Forced Air
Cooling
Varies By Unit
Financial
Annual Tax
$3,198
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% ($210,000)
Home price
$1,050,000
Loan details
30-yr fixed, 6.5%
