Residential · Single Family Residence

1069 Palmwood Drive, Sparks, NV 89434

Sparks, NV 89434 · Shadow Glen Estates 1

$450,000

MLS# 250052193

Active
3
Beds
2
Baths
1,321
Sq Ft
0.15 ac
Lot
1977
Built
2
Garage

About This Property

This tenant-occupied rental delivers cash flow from day one—no need to market or guess on rents. More investors are now targeting tenant-occupied homes like this one as an easier, faster way to grow their portfolio with clarity and income from the start. Leased at 2,175/month through July 1, 2026, with full analytics available. Features include 3 bedrooms, 2 bathrooms, 1,321 sqft, and a freshly painted exterior (2024). 4.9 Cap Rate on actual rents. Professionally maintained with annual inspections, responsive repairs, and routine filter replacements. Available individually or with 1544 Woodhaven Ln and 1218 Junction Dr as part of a nearby Sparks portfolio, for 1,295,000 for all three properties combined. Drive by only. Do not disturb tenants. Contact the listing agent for individual or portfolio financials. Showing available only with an accepted offer.

Property Details

TypeResidential
Bedrooms3
Bathrooms2
Living Area1,321 sq ft
Lot Size0.15 ac
Year Built1977
Garage2 Car Attached
Stories1
Fireplaces1
HeatingFireplace(s), Forced Air
CoolingCentral Air
RoofComposition, Shingle
LaundryIn Hall, In Unit
ParkingAttached, Garage, Garage Door Opener
StyleSingle Story
SubdivisionShadow Glen Estates 1
CountyWashoe
Parcel #036-295-09
ZoningSF-6
Taxes$1,736/yr
Price/Sq Ft$341/sq ft
Days on Market285
Listing Terms1031 Exchange, Cash, Conventional

Additional Features

Ceiling Fan(s)
Dishwasher Electric Range Washer
HardiPlank Wood Siding Crawl Space Composition Shingle
Electricity Connected Internet Available Natural Gas Connected Sewer Connected Water Connected Public Private Sewer Gas
Full
Carbon Monoxide Detector(s) Smoke Detector(s)

Schools

ElementaryJuniper
Middle SchoolMendive
High SchoolReed

Location

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Data last updated on Apr 7, 2026.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers.
Listing provided by: Jake Andronico · Address Income
$450,000 1069 Palmwood Drive, Sparks, NV 89434