NEW
$843,947
HouseEst. $4,765/mo
4 Beds
2 Baths
2,092 Sq. Ft.0.34 Acres
Built in 2007
1970 Zephyr Way
Sparks, NV, 89431
Gibbons Estates
Sparks Multi-Family Homes for Sale
Showing 7 active listings · Inventory snapshot November 13, 2026
Browse Sparks Multi-Family Homes for Sale
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- View 1970 Zephyr Way, Sparks, NV, 89431 — $843,947
NEWView 1980 Zephyr Way, Sparks, NV, 89431 — $884,900$884,900HouseEst. $4,997/mo4 Beds4 Baths2,363 Sq. Ft.0.37 AcresBuilt in 20071980 Zephyr WaySparks, NV, 89431Gibbons Estates
NEWPRICE REDUCED $25kView 627 C Street, Sparks, NV, 89431 — $525,000$525,000$25kHouseEst. $2,964/mo4 Beds2 Baths1,669 Sq. Ft.0.08 AcresBuilt in 1917627 C StreetSparks, NV, 89431O'Sullivan Addition
NEWPRICE REDUCED $55k★ SPOTLIGHTView 534 13th Street, Sparks, NV, 89431 — $480,000$480,000$55kHouseEst. $2,710/mo2 Beds2 Baths1,367 Sq. Ft.0.18 AcresBuilt in 1915534 13th StreetSparks, NV, 89431Prater Addition To Sparks
NEW★ SPOTLIGHTView 1746 A Street, Unit A,B,C, Sparks, NV, 89431 — $490,000$490,000HouseEst. $2,767/mo3 Beds3 Baths1,428 Sq. Ft.0.11 AcresBuilt in 19851746 A Street, Unit A,B,CSparks, NV, 89431Newtown Tract
NEWPRICE REDUCED $50kView 908 12th Street, Sparks, NV, 89431 — $675,000$675,000$50kHouseEst. $3,811/mo4 Beds3 Baths2,210 Sq. Ft.0.16 AcresBuilt in 1960908 12th StreetSparks, NV, 89431Prater Addition To Sparks
Sparks currently has 7 active multi-family homes for sale, with a median list price of $525,000. Sparks is one of the most active markets for small multi-family investment properties in Northern Nevada, driven by a strong rental demand base from warehouse and logistics workers, a growing tech corridor, and population growth that has kept vacancy rates tight across the Truckee Meadows. Duplexes through four-unit buildings represent the most common inventory type.
7Active Listings
$525,000Median List Price
Why Buy Multi-Family Homes for Sale in Sparks?
- Nevada levies no state income tax on rental income, giving Sparks multi-family investors a structural yield advantage over comparable properties in California, Oregon, or Washington.
- The Truckee Meadows rental market is anchored by major employers in warehousing, logistics, and technology — including the Tesla Gigafactory and a growing life-sciences cluster — providing a durable tenant base for income-property owners.
- Sparks duplexes and small apartment buildings often trade at cap rates that are difficult to find in coastal markets, with acquisition prices that allow positive leverage at current financing rates.
- Owner-occupant buyers can house-hack a Sparks duplex — living in one unit while the other covers most or all of the mortgage — and convert to full investment use later as the household grows.
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Sparks FAQ — 6 Answers
What Do Sparks Buyers Most Frequently Ask?
Most AskedWhat types of multi-family properties are available in Sparks?
The listings above are duplexes and triplexes — the residential two-to-four-unit properties an owner-occupant can buy with conventional or FHA financing. Sparks is a small multi-family market and inventory is often in the single digits at any given moment, so it is worth setting an alert rather than waiting for the right duplex to appear. Larger apartment buildings are listed as commercial property and financed differently; ask us directly if that is what you are after.
How much does a multi-family home in Sparks cost?
Pricing varies significantly by unit count, condition, and location within the city. Entry-level duplexes start below what comparable properties would fetch in Reno's more central neighborhoods, while larger buildings command prices that reflect the current income they generate. The live median above reflects active NNRMLS multi-family listings in Sparks today.
Can I use an FHA loan to buy a multi-family property in Sparks?
Yes — FHA loans allow owner-occupants to purchase properties up to four units, provided you intend to live in one of the units as your primary residence. FHA down payments are as low as 3.5% for qualified buyers, making house-hacking an accessible strategy in the Sparks market. Loan limits and qualifying income treatment of rental units vary, so confirm specifics with your lender.
What are the landlord-tenant laws I should know as a Sparks property owner?
Nevada is generally considered a landlord-friendly state — there is no statewide rent control, security deposit limits are twice the monthly rent, and the eviction process is faster than in neighboring California. Washoe County and the City of Sparks do not add local rent-control overlays. Review NRS Chapter 118A before closing to understand notice requirements and habitability standards.
Is Sparks a better multi-family market than Reno?
Sparks and Reno share the same rental demand pool and employer base, but Sparks multi-family properties often trade at a slight discount to comparable Reno assets due to perceived location preference among some buyers. That discount can represent a genuine value opportunity, particularly in established neighborhoods near the Sparks Marina and the Victorian Square corridor.
How do I evaluate the rental income on a Sparks multi-family property?
Request current leases, rent rolls, and at least 12 months of operating statements from the seller. Verify market rents against comparable active rentals in the same zip code. We underwrite every multi-family acquisition for our buyer clients using actual expenses, not pro-forma projections — contact us for a specific property analysis before you make an offer.
Updated November 13, 2026
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Set your alert in 30 seconds and we'll send matching Sparks listings the moment they hit the MLS — or call (775) 277-2120 to talk with a local specialist.
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