Active

$1,100,000

3271 Gypsum Rd, Reno, NV 89503

8beds

4baths

4,608sqft

$7,470/mo

Get pre-qualified

Quadruplex

Built in 1964

-- sqft lot

$-- Zestimate^®

$239/sqft

$-- HOA

What's special

Wood-burning fireplaceFunctional floor plan

One of three fourplex buildings available near the University of Nevada, Reno—an opportunity to purchase individually or explore a portfolio acquisition! This four-unit property features four 2-bedroom, 1-bathroom residences, all currently occupied by long-term tenants. Each unit offers a functional floor plan, a wood-burning fireplace, and an assigned 1-car garage for additional parking and storage. Conveniently located near UNR, shopping, dining, public transportation, and nearby amenities, this property offers an opportunity to expand your investment portfolio with established tenancy. See Associated Documents for additional information, including cash flow details for each unit. Contact the listing agent for information about the two additional fourplexes and potential purchase options.

19 days
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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Wall Furnace

Appliances

Included: Dishwasher, Electric Range
Laundry: Varies By Unit

Features

Flooring: Carpet, Vinyl
Windows: Aluminum Frames, Blinds, Metal Frames, Single Pane Windows, Vinyl Frames, Varies
Number of fireplaces: 4
Fireplace features: Free Standing, Wood Burning

Interior area

Total structure area: 4,608
Total interior livable area: 4,608 sqft

Property

Parking

Total spaces: 8
Parking features: Attached, Garage
Has attached garage: Yes

Features

Levels: Two
Stories: 2
Exterior features: Balcony
Pool features: None
Spa features: None
Fencing: None

Lot

Size: 0.4 Acres
Features: Cul-De-Sac

Details

Additional structures: None
Parcel number: 00327506
Zoning: MF30

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Brick Veneer
Foundation: Other
Roof: Composition,Shingle

Condition

Year built: 1964

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Sewer Available, Water Available

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Reno Foothills 1

Location

Region: Reno

Financial & listing details

Price per square foot: $239/sqft
Tax assessed value: $266,691
Annual tax amount: $2,735
Date on market: 9/23/2026
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: Water, Electricity

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/23/2026	Listed for sale	$1,100,000$239/sqft
Source: NNRMLS #260012260 Report a problem
6/13/2025	Listing removed	$1,150
Source: Zillow Rentals Report a problem
6/11/2025	Listed for rent	$1,150+5%
Source: Zillow Rentals Report a problem
6/3/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/21/2024	Listed for rent	$1,095+10.1%
Source: Zillow Rentals Report a problem
6/21/2017	Listing removed	$995
Source: Real Property Management Corazon - Property # 344708 Report a problem
6/6/2017	Listed for rent	$995+65.8%
Source: Real Property Management Corazon Report a problem
1/16/2015	Listing removed	$600
Source: New Dimensions Report a problem
1/7/2015	Listed for rent	$600
Source: New Dimensions Inc Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$2,735 +7.9%	$93,342 +4.7%
2025	$2,535 +8%	$89,118 +1.1%
2024	$2,348 +7.8%	$88,172 +6.7%
2023	$2,179 +8.1%	$82,622 +10.3%
2022	$2,017 +3%	$74,935 +16.9%
2021	$1,958 +5%	$64,103 +0.6%
2020	$1,864 -4.8%	$63,716
2019	$1,958 +5%	$63,716 +27.9%
2018	$1,864 +11.9%	$49,817 +1.8%
2017	$1,666	$48,932 +1%
2016	$1,666	$48,430 +5.3%
2015	$1,666 +98.1%	$45,992 +5.5%
2014	$841 -47.8%	$43,607 +2.1%
2013	$1,612	$42,711
2012	--	$42,711 -8.3%
2011	--	$46,600 -4.3%
2010	--	$48,709 -9%
2009	--	$53,539 -19.7%
2008	--	$66,663
2007	--	$66,663 +0.1%
2006	--	$66,622 +23%
2005	--	$54,163 +1.5%
2004	--	$53,374 -0.9%
2003	--	$53,869 +0.6%
2002	--	$53,564
2001	--	$53,564