$360,000
Active
550 J Street
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
1.0
Baths
·
900
Sq Ft
About This Property
Great Sparks Opportunity ~ 3 bedrooms, 1 bath, 1-car garage home with original hardwood flooring. This home is on a large lot and is centrally located! There is a large storage shed in the back as well.
Listed by Kathleen Knuf Felte — Opal Real Estate Advisors
Listing Details
Status
Active
MLS #
260011342
Days on Market
12
Price/Sq Ft
$400
Property History
Sep 01, 2026
Listed for sale
$360,000
Property Overview
Beds
3
Baths
1.0
Sq. Ft.
900
Lot Size
0.15 acres
Stories
1
Year Built
1951
Property Type
Single Family Residence
Subdivision
Green Brae Terrace 2
STR Jurisdiction
Washoe County
APN
033-062-29
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Attached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Level, Sprinklers In Front, Sprinklers In Rear
Construction
Asbestos
Roof
Composition, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air, Natural Gas
Cooling
Evaporative Cooling
Financial
Annual Tax
$591
Schools
Elementary School
Greenbrae
Middle School
Dilworth
High School
Sparks
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K
typically ~$142,500
~$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% ($72,000)
Home price
$360,000
Loan details
30-yr fixed, 6.5%
