This well-maintained townhome-style fourplex offers an excellent investment opportunity, with each unit featuring 2 bedrooms and 1.5 bathrooms designed for functional living. Three of the four units have been updated, showcasing new flooring, two units with luxury vinyl plank (LVP) flooring throughout, some with granite countertops, and newer appliances, adding modern appeal and durability. The property included low-maintenance xeriscape landscaping and private balconies and patios for each unit, providing outdoor space without added upkeep. Major capital improvements have already been completed, including brand-new electrical panels for each unit and a new roof installed in 2024, offering peace of mind and reduced future expenses. Each unit includes one assigned covered parking space and an assigned storage room. Residents also enjoy access to a community laundry room equipped with a washer and dryer. Close to downtown, University and public transportation.
Active
$1,090,000
3501 Gypsum Rd, Reno, NV 89503
8beds
4baths
4,224sqft
Est.:
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$258/sqft
$-- HOA
What's special
Low-maintenance xeriscape landscapingNew flooringNewer appliancesGranite countertops
- 66 days |
- 766 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2026 at 10:02am
Listed by:
Nathan Harris B.1001749 626-710-6181,
Valley Realty & Management
Source: NNRMLS,MLS#: 260000662
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Oven, Disposal, Dryer, Electric Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Flooring: Carpet, Varies, Vinyl
- Windows: Blinds, Varies
- Number of fireplaces: 4
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,224
- Total interior livable area: 4,224 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: Back Yard
Lot
- Size: 0.27 Acres
Details
- Additional structures: Other
- Parcel number: 00323418
- Zoning: MF30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick Veneer, Frame
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Reno Foothills 1
Location
- Region: Reno
Financial & listing details
- Price per square foot: $258/sqft
- Tax assessed value: $262,156
- Annual tax amount: $2,601
- Date on market: 1/20/2026
- Cumulative days on market: 67 days
- Listing terms: Cash,Conventional
- Tenant pays: Gas, Electricity
Estimated market value
Not available
Estimated sales range
Not available
$2,162/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/20/2026 | Listed for sale | $1,090,000+11.8%$258/sqft |
Source:  NNRMLS #260000662 Report a problem | ||
| 7/13/2023 | Listing removed | -- |
Source: NNRMLS #230006704 Report a problem | ||
| 6/21/2023 | Listed for sale | $975,000+819.8%$231/sqft |
Source: NNRMLS #230006704 Report a problem | ||
| 6/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/15/2023 | Price change | $1,495-2% |
Source: Zillow Rentals Report a problem | ||
| 4/14/2023 | Listed for rent | $1,525+90.6% |
Source: Zillow Rentals Report a problem | ||
| 7/12/2017 | Sold | $106,000-73%$25/sqft |
Source: Public Record Report a problem | ||
| 1/12/2016 | Listing removed | $800 |
Source: New Dimensions Inc Report a problem | ||
| 12/15/2015 | Listed for rent | $800 |
Source: New Dimensions Report a problem | ||
| 8/25/2015 | Listing removed | $800 |
Source: New Dimensions Report a problem | ||
| 8/12/2015 | Listed for rent | $800 |
Source: New Dimensions Report a problem | ||
| 5/23/2008 | Sold | $392,500+42.7%$93/sqft |
Source: Public Record Report a problem | ||
| 7/30/2001 | Sold | $275,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,527 +9.9% | $91,755 +1% |
| 2024 | $2,298 +3% | $90,882 +7.9% |
| 2023 | $2,231 +7.9% | $84,215 +10.1% |
| 2022 | $2,068 +6.3% | $76,505 +12.8% |
| 2021 | $1,945 +5.1% | $67,853 +4.1% |
| 2020 | $1,851 -4.8% | $65,161 |
| 2019 | $1,945 +5.1% | $65,161 +27.1% |
| 2018 | $1,851 +11.6% | $51,256 +1.7% |
| 2017 | $1,658 | $50,416 +1.2% |
| 2016 | $1,658 | $49,820 +4.1% |
| 2015 | $1,658 +3.2% | $47,847 +9.9% |
| 2014 | $1,607 | $43,520 +1.5% |
| 2013 | $1,607 | $42,872 |
| 2012 | -- | $42,872 -7.4% |
| 2011 | -- | $46,322 -4.4% |
| 2010 | -- | $48,433 -9.6% |
| 2009 | -- | $53,560 -19.4% |
| 2008 | -- | $66,412 |
| 2007 | -- | $66,412 -0.2% |
| 2006 | -- | $66,556 +13.9% |
| 2005 | -- | $58,416 +0.6% |
| 2004 | -- | $58,052 -0.9% |
| 2003 | -- | $58,572 +0.5% |
| 2002 | -- | $58,252 |
| 2001 | -- | $58,252 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,021/mo
Principal & interest
$5621
Property taxes
$400
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Climate risks
Neighborhood: North Virginia
Nearby schools
GreatSchools rating
- 4/10Elmcrest Elementary SchoolGrades: K-5Distance: 1.9 mi
- 5/10Archie Clayton Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Robert Mc Queen High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: McQueen
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 89503
- Nevada
- Washoe County
- Reno
- 89503
- North Virginia
- 3501 Gypsum Rd
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