Nicely remodeled pair of homes on single parcel offers investors or live/work owners a variety of opportunities. Zoned for Sparks's versatile mixed-use district. Main unit sits on Pyramid Highway and is passed by approximately 25,000 vehicles per day. Great signage already in place. Attractive home/office with beautiful lathe and plaster, antique wood floors in good condition, remodeled bathroom and kitchen, fresh paint, and good storage in unfinished basement., Parking area in rear with access from Pyramid. Rear unit has separate alley access, a garage, nice remodel, a mini-split unit for cooling, and current tenants. Rent for 1-bedroom unit is based on existing lease. Lease expires June 30, 2023. Both units are on same water meter, but are individually metered for gas and electricity. Rent for 2-bedroom unit is pro forma rent assuming commercial use, but could be a residential use if desired. Walking distance to shopping and entertainment of Victorian Square and close to freeway access and job centers. Pro forma cap rate of 6.9% based upon actual rent of $1,200 per month for 437 1/2 Pyramid and estimated pro forma rent of $2,200 per month for 437 Pyramid. Assuming 6% vacancy, $6,161 annual expenses (including 5% maintenance reserve of annual gross rent), for a NOI of $32,190 per year. Buyers are encouraged to reach their own assumptions on income and expenses for property.
Closed
$470,000
437 Pyramid Way, Sparks, NV 89431
--beds
0baths
1,712sqft
Duplex
Built in 1905
-- sqft lot
$552,800 Zestimate®
$275/sqft
$1,453 Estimated rent
Home value
$552,800
$486,000 - $625,000
$1,453/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: May 13, 2025 at 02:11pm
Listed by:
Kenneth Lund BS.144762 775-870-6332,
Ferrari-Lund Real Estate South,
Alicia Lund BS.144930 775-870-6332,
Ferrari-Lund Real Estate South
Bought with:
Christian Reviglio, S.198026
Ferrari-Lund Real Estate Reno
Source: NNRMLS,MLS#: 230003638
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Forced Air, Natural Gas, Varies by Unit
Cooling
- Central Air, Electric, Refrigerated, Wall/Window Unit(s), Varies by Unit
Appliances
- Included: Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
- Laundry: In Garage, Washer Hookup, Varies By Unit
Features
- Smart Thermostat
- Flooring: Carpet, Ceramic Tile, Wood
- Windows: Blinds, Double Pane Windows, Metal Frames, Single Pane Windows, Storm Window(s), Vinyl Frames, Wood Frames, Varies
Interior area
- Total structure area: 1,712
- Total interior livable area: 1,712 sqft
Property
Parking
- Total spaces: 6
- Parking features: Alley Access, Assigned, Attached, Garage, Garage Door Opener, Varies by Unit, None
- Has attached garage: Yes
Features
- Stories: 1
- Fencing: Back Yard,Partial
Lot
- Size: 5,227 sqft
- Features: Landscaped, Sprinklers In Front
Details
- Parcel number: 03215403
- Zoning: MUD-MR
- Other equipment: Satellite Dish, Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Frame, Stucco
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Sparks
- Subdivision: Prater Addition To Sparks
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2023 | Sold | $470,000-1.9%$275/sqft |
Source:  NNRMLS #230003638 Report a problem | ||
| 4/28/2023 | Pending sale | $479,000$280/sqft |
Source: NNRMLS #230003638 Report a problem | ||
| 4/20/2023 | Listed for sale | $479,000+1.9%$280/sqft |
Source: NNRMLS #230003638 Report a problem | ||
| 1/10/2023 | Listing removed | -- |
Source: NNRMLS #220004813 Report a problem | ||
| 11/30/2022 | Listed for sale | $470,000$275/sqft |
Source: NNRMLS #220004813 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,127 +7.1% | $59,531 +6% |
| 2024 | $1,052 +8.7% | $56,137 +2.2% |
| 2023 | $968 +8.1% | $54,903 +20.7% |
Find assessor info on the county website
Neighborhood: 89431
Nearby schools
GreatSchools rating
- 4/10Robert Mitchell Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Sparks Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10Sparks High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Mitchell
- Middle: Sparks
- High: Sparks
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$552,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$552,800
- Nevada
- Washoe County
- Sparks
- 89431
- 437 Pyramid Way