Company Logo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo
429 10th Street, Sparks, NV 89431 Photo

28 Total Photos [Click to View All]

429 10th Street
Sparks, NV 89431
$1,150,000
| 4009 sqft | 0.16 Acreage

Five extremely well-maintained units in the heart of Victorian Square, one of Sparks's most vibrant and walkable neighborhoods. This property consists of two buildings on a single 0.16-acre parcel - a classic 1907 duplex and a 1982-built triplex - offering a strong unit mix and steady rental income at a 6% cap rate on actual rent and expenses. Excellent location and access to I-80. The Duplex - Originally built in 1907 with extensive updates, this charming single-story duplex has been thoughtfully updated while retaining its character. Unit A is a spacious 2-bed/1-bath at 1,081 square feet with in-unit laundry - the kind of generous layout tenants love and stay in. Unit B is a recently renovated studio with a new mini-split system, refinished shower and tub, new tile, bathroom fan, and fresh carpet - approximately $15K in improvements about a year ago. The roof is roughly five years old with new gutters. The Triplex - This two-story building houses three 2-bed/1.5-bath units, each with in-unit laundry. Unit 423 was fully renovated with new paint, flooring, carpet, mini-blinds, and LED lighting. The triplex received a new roof and driveway approximately one year ago, along with new exterior paint and gutters. $7,150 per Month Gross Scheduled Rent (Actual). 429A - 2bd/1ba $1,550 MTM (increase effective May 1). 429B - Studio $1,000 Expires June 2026. 421 - 2bd/1.5ba $1,500 MTM. 423 - 2bd/1.5ba $1,550 Expires Nov 2026. 425 - 2bd/1.5ba $1,550 Expires Apr 2027. Recent Capital Improvements: New roofs on both buildings, new rear driveway, new gutters, exterior repaint on triplex, full studio renovation with mini-split HVAC, paver walkway, artificial lawn with pavers and solar lighting, fencing reinforced with metal posts throughout including a new south-side fence, stump removal, and landscaping improvements. Sewer line replaced in 2014. An investor-ready property with recent capital improvements already completed, a solid rent roll, and room to grow rents on the MTM and shorter-term leases - all in a prime Sparks location steps from Victorian Square's restaurants, events, and entertainment. Full Offering Memorandum is available upon request.

Listed By / Presented By

Listed By

Agency Name: Marmot Properties, LLC
Agency Phone: 775-301-5289
Agent Name: Christopher Moton
Agent Phone: 775-870-7142

Presented By

Agency Title: Chase International Real Estate
Agency Phone: 775.588.6130

IDX logo

Contact a Chase Agent for More Information

Property Details

Property Type: Commercial - Investment
Cooling: Central Air, Electric, Wall/Window Unit(s)
Fenced: Yes
Heating: Forced Air, Natural Gas, Wall Furnace, Mini Split(s)
Lot Size: 0.16 Acres
Roof Type: Pitched, Composition, Shingle
Stories: 2.0
Taxes: $3,660
Year Built: 1982
MLS ID: 260004965

Feature Descriptions

Business Name: 429 10th St
Business Type: Other
Construction Type: Site/Stick-Built
Cooling Y/N: Yes
Exterior: Frame, Wood Siding
Fencing: Back Yard, Fenced, Wood
Flooring: Carpet, Luxury Vinyl, Tile, Varies
Foundation: Crawl Space
Heating Y/N: Yes
Laundry Features: In Unit, Varies By Unit
Lot Features: Landscaped, Level
OtherStructures: Shed(s)
Parcel #: 032-142-04
Parking: Off Street, On Site, Paved
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Units: 5
Utilities: Internet Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Water Rights Y/N: No
Window Features: Metal Frames, Vinyl Frames, Blinds, Double Pane Windows

Neighborhood Map

Driving Directions

Demographics

Contact Photo

We're Here to Help

Connect with our team of knowlegable local agents to guide your next move with style and grace.

Login to My Homefinder

Pixel