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$675,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 7 Total Beds
See This Home
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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.

Full Property Details for 947 I St

General

  • Price: $675,000
  • Taxes: $2,403
  • Status: Under Contract
  • Type: Multi-Family
  • Source: 2502
  • MLS ID: 260008160
  • Updated: 9/3/2026
  • Added to Site: 108 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Laundry: In Hall, Washer Hookup

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: None

Parking

  • Parking Features: Varies by Unit

Location

  • County: Washoe
  • Subdivision: Prater Addition To Sparks

School Information

  • Elementary School: Mitchell
  • Middle School: Dilworth
  • High School: Sparks

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Connected, Water Connected, Water Meter Installed
  • # Water Meters: 2
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Exterior Const.: Brick Veneer, Frame, HardiPlank Type
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames, Window Coverings
  • Stories/Levels: 1
  • Building Size: 2477
  • Year Built: 1960

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 9,191
  • Lot Features: Other
  • Zoning: MUD
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $2,403.65
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water, Gas, Electricity

Disclosures and Reports

  • APN: 031-232-37

Listed by LPT Realty, LLC, Kathryn Courtney (775) 225-6961

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Listing agent

— 947 I St —

  • Kathryn Courtney

    LPT Realty, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 947 I St

School District:Washoe County School District
NameGradesDistance
Robert Mitchell Elementary School
1216 Prater Way, Sparks, NV 89431
K-50.3 mi
Sparks Middle School
2275 18th Street, Sparks, NV 89431
6-81 mi
Sparks High School
820 15th Street, Sparks, NV 89431
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 947 I St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/10/2026
Price Reduced
$675,000
-2.88%
MLS
7/16/2026
Price Reduced
$695,000
-4.14%
MLS
7/07/2026
Price Reduced
$725,000
-2.03%
MLS
6/25/2026
Listed
$740,000
119.78%
MLS
10/04/2018
Sold
$336,700
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 947 I St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,189
-51%
$71,115
-1%
2025
$2,404
-11%
$71,638
5%
2024
$2,704
98%
$67,915
2%
2023
$1,367
8%
$66,313
21%
2022
$1,266
8%
$54,998
18%
2021
$1,173
—
$46,498
-2%
2021
$1,173
11%
$47,322
12%
2019
$1,053
5%
$42,427
24%
2018
$1,000
3%
$34,267
3%
2017
$970
3%
$33,163
9%
2016
$945
—
$30,471
13%
2015
$942
3%
$26,958
7%
2014
$911
—
$25,247
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by LPT Realty, LLC, Kathryn Courtney (775) 225-6961

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947 I Street, Sparks, NV 89431 (MLS# 260008160) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 947 I Street is currently listed for $675,000 and was received on June 25, 2026. Want to learn more about 947 I Street? Do you have questions about finding other Multi-Family real estate for sale in Sparks? You can browse all Sparks real estate or contact a Coldwell Banker agent to request more information.

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