# 3271 Gypsum Road, Reno, NV 89503 > **TL;DR:** 8bd/4ba multi-family, $1,100,000 ($239/sqft), built 1964, 4,608 sqft. > Fireplace. Est. $5,883/mo. Listed 38 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,100,000 | | Price/sqft | $239 | | Bedrooms | 8 | | Bathrooms | 4 full | | Square Feet | 4,608 | | Year Built | 1964 | | Lot Size | 17,424 sqft (0.40 acres) | | Stories | 2 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 38 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,562 | | Estimated Insurance | $321 | | **Total** | **$5,883** | ## Nearby Schools - **Elementary:** Elmcrest - **Middle:** Clayton - **High:** McQueen ## Key Amenities - Fireplace ## Property Highlights - Built in 1964 - 0.40 acre lot - 2 stories - 8 parking spaces - Fireplace ## Description ### Agent 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. ## Location - **Address:** 3271 Gypsum Road, Reno, NV 89503 - **County:** Washoe - **Neighborhood:** Reno Foothills 1 - **Coordinates:** 39.556909, -119.830713 - **Google Maps:** https://www.google.com/maps?q=39.556909,-119.830713 ## Listing Agent - **Name:** Felisa Cusimano-Martin · **License:** S.67423 - **Brokerage:** Dickson Realty Inc - **Broker Phone:** (775) 746-7000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3271-Gypsum-Rd_Reno_NV_89503_M14221-66762?f=listhub&s=NNRMLS&m=260012260&c=propsimple) ## Photos ![3271 Gypsum Road - Photo 1](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f1465908516r.jpg) ![3271 Gypsum Road - Photo 2](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f2874459484r.jpg) ![3271 Gypsum Road - Photo 3](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f430267405r.jpg) ![3271 Gypsum Road - Photo 4](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f2436525116r.jpg) ![3271 Gypsum Road - Photo 5](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f2647848640r.jpg) ![3271 Gypsum Road - Photo 6](http://lh.rdcpix.com/88b1a21d01c75039577e406ac24e8c73l-f998510803r.jpg) --- **MLS#:** 260012260 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/3271-gypsum-road-reno-nv-89503-129b43edb7d6402b9e507f7d8d3c933f) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/3271-gypsum-road-reno-nv-89503-129b43edb7d6402b9e507f7d8d3c933f#listing", "url": "https://staging.propertysimple.ai/listing/3271-gypsum-road-reno-nv-89503-129b43edb7d6402b9e507f7d8d3c933f", "name": "3271 Gypsum Road, Reno, NV 89503", "description": "FOURPLEX INVESTMENT OPPORTUNITY NEAR UNR! Excellent investment opportunity near the University of Nevada, Reno! 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