590 Pyramid Way & F St., Sparks, NV 89431-5057 — Sale in Sparks, NV

  • Price: $2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sparks, NV 89431

Photos

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Description

With close proximity to major thoroughfares and walking distance of the bustling downtown Sparks core, residents can conveniently access Victorian Square entertainment and restaurant venues as well as Sparks many renowned events, such as the Rib Cook Off and Hot August Nights. The Sparks Marina and The Outlets at Legends are just a few minutes away. Proximity to I-80 and U.S. 395 ensures seamless connectivity to surrounding areas, including the University of Nevada, Tahoe-Reno Industrial Center, Lake Tahoe, Fernley, Carson City, and beyond. KW Commercial is pleased to offer this 108-unit multifamily-entitled development site nestled in the heart of Sparks, NV. The property includes entitled land for the development of two, four-story, buildings, with 124 parking spaces in a secured garage. 3 AC-FT of water rights and sewer fee credits are included. An extensive due diligence file is available and a fully engineered, permit ready plan set are included. The MUD zoning and prime location offers a unique opportunity for the planned multi-family development, mixed-use retail or office. Listing Type: FOR SALE

Market Context

This multifamily in Sparks, NV is listed for sale at $1,975,000. Compare it against other multifamily listings for sale in Sparks, NV — view the full market.

As of Q2 2026, the Reno multifamily market showed a 6.2% vacancy rate, and rents up 4.2% year over year. Source: Cushman & Wakefield Q2 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Reno multifamily market tightening or softening?
Vacancy is around 6.2%, with asking rents rising year over year (Q2 2026).

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