About This Home

This 7-bedroom, 3-bathroom residential multi family at 947 I Street in Sparks, NV is listed for $675,000 ($273 per sqft). Built in 1960, the home offers 2,477 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1960
  • 0.21 acre lot
  • Fireplace

Property Details

1 story
3 full
1960

Amenities

FireplaceA/C
Listing Description

Investment opportunity with a 6.8 percent cap rate. The property includes two separate homes on one parcel. The rear home is occupied by a long-term month-to-month tenant, providing immediate income. The front home is vacant, allowing the new owner to lease it at current market rent.The front home has been refreshed with new interior paint, a new stove, and a new dishwasher.

It is move-in ready and includes a private fenced yard. The rear home also has generous yard space.Conveniently located in Sparks with a long history of strong occupancy and consistent rental demand. A straightforward investment offering current income, room for rental growth, and separate outdoor space for each residence.

Monthly Cost Estimate

$3,610/mo

20% down · 6.5% · 30 years

Principal$488
Interest$2,925
Insurance$197

Estimates only. Actual payments may vary.

Location

947 I Street

Sparks, NV 89431

Prater Addition To Sparks

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

Vinyl

Construction

Brick Veneer Frame HardiPlank Type

Heating

Natural GasForced Air

Cooling

Electric

Appliances

DishwasherElectric RangeRefrigerator

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 947 I Street is listed at $675,000 ($273/sqft). The estimated monthly payment is $3,610 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1960, 0.21 acre lot, Fireplace. Interior Features: Ceiling Fan(s).

This property is listed by Kathryn Courtney.

KC

Kathryn Courtney

License S.168915

Agent at LPT Realty, LLC

Listed by LPT Realty, LLC · Broker phone: (775) 544-1328 · View on Broker Site · Broker website

MLS# 260008160· Source: Northern Nevada Regional MLS, Inc.· 145 days on PropertySimple

Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

947 I Street, Sparks, NV 89431

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