About This Home

This 8-bedroom, 4-bathroom multi-family at 3271 Gypsum Road in Reno, NV is listed for $1,100,000 ($239 per sqft). Built in 1964, the home offers 4,608 sqft of living space on a 0.40 acres lot.

Key Features

  • Built in 1964
  • 0.40 acre lot
  • 2 stories
  • 8 parking spaces
  • Fireplace

Property Details

2 stories
4 full
8 spaces
1964

Amenities

Fireplace
Listing Description

FOURPLEX INVESTMENT OPPORTUNITY NEAR UNR! Excellent investment opportunity near the University of Nevada, Reno! This well-located fourplex features four spacious 2-bedroom, 1-bathroom residences, each offering an oversized living room with a wood-burning fireplace, a functional galley kitchen with a dining nook, generously sized bedrooms, an assigned one-car garage, and additional private storage.

All units seperatly metered, there is a fifth meter for water/power for the Laundry room. For added tenant convenience, the property offers an on-site coin-operated washer and dryer. All four units are currently occupied by long-term tenants, providing an established rental history and income potential.

Ideally situated near UNR, shopping, dining, public transportation, and everyday amenities, this property presents an excellent opportunity for investors looking to expand their real estate portfolio. ADDITIONAL INVESTMENT OPPORTUNITY! Two additional fourplexes are available for purchase, offering the potential to acquire up to 12 units as part of a bundled investment.

See Associated Documents for additional property information, including individual unit cash flow details. Contact the listing agent for details on the two additional fourplexes and potential package purchase options.

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

3271 Gypsum Road

Reno, NV 89503

Reno Foothills 1

Features & Amenities

Exterior Features

Balcony

Property Details

Flooring

CarpetVinyl

Construction

Brick Veneer Wood Siding

Parking

Garage

Heating

Wall Furnace

Appliances

DishwasherElectric Range

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 3271 Gypsum Road is listed at $1,100,000 ($239/sqft). The estimated monthly payment is $5,883 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.40 acre lot, 2 stories, 8 parking spaces, Fireplace. Exterior Features: Balcony.

This property is listed by Felisa Cusimano-Martin.

FC

Felisa Cusimano-Martin

License S.67423

Agent at Dickson Realty Inc

Listed by Dickson Realty Inc · Broker phone: (775) 746-7000 · View on Broker Site · Broker website

MLS# 260012260· Source: Northern Nevada Regional MLS, Inc.· 35 days on PropertySimple

Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3271 Gypsum Road, Reno, NV 89503

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