About 947 I Street
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.
Features of 947 I Street
| MLS® # | 260008160 |
|---|---|
| Price | $675,000 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Acres | 0.21 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Income |
| Status | Active Under Contract |
Community Information
| Address | 947 I Street |
|---|---|
| Area | 89431 |
| City | Sparks |
| County | Washoe |
| State | NV |
| Zip Code | 89431 |
Amenities
| Utilities | Water Meter Installed, Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Parking | Varies by Unit |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dishwasher, Electric Range, Refrigerator |
| Heating | Forced Air, Natural Gas |
| Cooling | Electric |
| Fireplace | Yes |
| Fireplaces | Wood Burning |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Other |
| Windows | Vinyl Frames, Double Pane Windows, Window Coverings |
| Roof | Composition |
| Construction | Brick Veneer, Frame, HardiPlank Type |
| Foundation | Crawl Space, Slab |
School Information
| Elementary | Mitchell |
|---|---|
| Middle | Dilworth |
| High | Sparks |
Additional Information
| Date Listed | June 25th, 2026 |
|---|---|
| Zoning | MUD |
| Short Sale | No |
| RE / Bank Owned | No |
| Horse Property | N |
Listing Details
| Office | LPT Realty, LLC |
|---|