Active

$1,090,000

3501 Gypsum Rd, Reno, NV 89503

--beds

0baths

4,224sqft

Est.:

Quadruplex

Built in 1964

-- sqft lot

$-- Zestimate^®

$258/sqft

$-- HOA

What's special

Low-maintenance xeriscape landscapingNew flooringNewer appliancesGranite countertops

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.

20 days

875

32

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

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: 22 days
Listing terms: Cash,Conventional
Tenant pays: Gas, Electricity

Estimated market value

Not available

Estimated sales range

Not available

$1,434/mo

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