3271 Gypsum Road

Exterior
Family Room
Kitchen
Bathroom
Bedroom 1
Bedroom 2
Active
$1,100,000
8 beds4 baths4,608 sqft
3271 Gypsum Rd, Reno, NV 89503
Est: $6,100/moGet pre-approved
Multi FamilyProperty Type
0.40 acresLot Size
1964Year Built
$239/sq ftPrice per sq ft
8 carsParking Spaces

Description

Investor opportunity near the University of Nevada, Reno! This four-unit property features four 2-bedroom, 1-bathroom residences, all currently tenant occupied with long-term tenants in place. Each unit offers a functional floor plan with a wood-burning fireplace and an assigned 1-car garage, providing valuable additional parking and storage. Located in the UNR university housing area with convenient access to campus, shopping, dining, public transportation, and nearby amenities, this property offers...Investor opportunity near the University of Nevada, Reno! This four-unit property features four 2-bedroom, 1-bathroom residences, all currently tenant occupied with long-term tenants in place. Each unit offers a functional floor plan with a wood-burning fireplace and an assigned 1-car garage, providing valuable additional parking and storage. Located in the UNR university housing area with convenient access to campus, shopping, dining, public transportation, and nearby amenities, this property offers an opportunity to add a multi-unit investment to your portfolio with existing tenancy already established. See Associated Documents for additional information, including the cash flow details for each individual unit.
5 days on Market
Last updated: 09/28/2026 12:31 PM • Source: NNRMLS, MLS#: 260012260

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Location

Listing Courtesy of Dickson Realty - Sparks, Felisa Cusimano-Martin, License #S.67423
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$6,100 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,872

Property Taxes

$228

HOA Dues

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Property Information for 3271 Gypsum Road

Property Details
  • Taxes: $2,735 / year
  • MLS Type: Residential Income / Quadruplex
  • County: Washoe County
  • Zoning: MF30
  • Subdivision Name: Reno Foothills 1
  • Furnished: Unfurnished
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1964
  • Lot Size: 0.40 AC / 17,337 SF
Summary
Location and General Information
  • Latitude: 39.556909
  • Longitude: -119.830713
  • Address:Parcel Number: 003-275-06
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Fee: $0
  • Tax Legal:Neighborhood: North Virginia - Socrates
  • Tax Legal:Elementary School: Elmcrest
  • Tax Legal:Middle Or Junior School: Clayton
  • Tax Legal:High School: McQueen
  • Tax Legal:Tax Annual Amount: $2,735
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Utilities Assessment to Assume YN: No
  • Tax Legal:Zoning: MF30
  • AssociationCommunity:Number Of Buildings: 1.0
  • AssociationCommunity:Senior Community YN: No
Parking
  • Attached Garage YN: Yes
  • Parking Features: Attached, Garage
  • Parking Total: 8.0
  • Parking Information:Parking Total: 8.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
School Information
  • Elementary School: Elmcrest
  • High School: McQueen
  • Middle Or Junior School: Clayton
Property
Lot Information
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Square Feet: 17337.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 4608.0
  • Lot:Lot Size Acres: 0.4
  • Lot:Lot Size Square Feet: 17337.0
  • Lot:Pool Private YN: No
  • Lot:Spa YN: No
  • Lot Features:Cul-De-Sac: Yes
Property and Assessments
  • Parcel Number: 003-275-06
  • Possession: Subject To Tenant Rights
  • Property Type: Residential Income
  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Property Type Label: Residential Income
  • Possession:Subject To Tenant Rights: Yes
  • Financial Data Source:Property Manager: Yes
Utilities
  • Sewer: True
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Electric: True
  • Utilities:Cooling YN: No
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Electric: Yes
  • Water Source:Public: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Number Of Separate Electric Meters: 4
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Number Of Separate Gas Meters: 4
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Number Of Separate Water Meters: 4
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Stories: 2
  • Construction Materials: Brick Veneer, Wood Siding
  • Exterior Features: Balcony
  • Fencing: None
  • Foundation Details: Other
  • Levels: Two
  • Other Structures: None
  • Roof: Composition, Shingle
  • Security Features: Smoke Detector(s)
  • Senior Community YN: No
  • Spa Features: None
  • Spa YN: No
  • Window Features: Aluminum Frames, Blinds, Metal Frames, Single Pane Windows, Vinyl Frames, Varies
  • Building:Number Of Units Total: 4.0
  • Building:Stories: 2.0
  • Building:Outdoor Living Spaces YN: No
  • Building:ADA Compliant YN: No
  • Building:Units Furnished: None
  • Construction Materials:Brick Veneer: Yes
  • Exterior Features:Balcony: Yes
  • Fencing:None: Yes
  • Foundation Details:Other: Yes
  • Levels:Two: Yes
  • Other Structures:None: Yes
  • Pool Features:None: Yes
  • Roof:Composition: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Spa Features:None: Yes
  • Sprinklers:None: Yes
  • Window Features:Aluminum Frames: Yes
  • Window Features:Blinds: Yes
  • Window Features:Metal Frames: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Varies: Yes
  • Window Features:Vinyl Frames: Yes
Interior Features
  • Fireplaces Total: 4
  • Cooling YN: No
  • Fireplace Features: Free Standing, Wood Burning
  • Fireplace YN: Yes
  • Flooring: Carpet, Vinyl
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Laundry Features: Varies By Unit
  • Number Of Separate Water Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Units Vacant: 0
  • Number Of Units Mo Mo: 2
  • Number Of Units Leased: 2
  • Bathrooms Total Integer: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Notational: 4.0
  • Interior:Building Area Total: 4608.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: Yes
  • Interior:Fireplaces Total: 4.0
  • Fireplace Features:Free Standing: Yes
  • Fireplace Features:Wood Burning: Yes
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Heating:Wall Furnace: Yes
  • Insulation Details:Unknown: Yes
  • Interior Features:None: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Laundry Features:Varies By Unit: Yes
Multi Family
Income & Expenses
  • Net Operating Income: $46,109
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Net Operating Income: $46,109
  • Income and Expenses:Total Actual Rent: $45,357
Multi Family Information
  • Units Furnished: None
  • Number Of Units Total: 4
  • Unit Details:Number Of Units Leased: 2
  • Unit Details:Number Of Units Month To Month: 2
  • Unit Details:Number Of Units Vacant: 0
Rental
Rent Information
  • Tenant Pays: Water, Electricity
  • Pet Information:Pets Allowed YN: No
  • Tenant Pays:Electricity: Yes
  • Tenant Pays:Water: Yes

Property History for 3271 Gypsum Road

DateEvent & SourcePriceAppreciation
Sep 23, 2026

Listed (Active)

NNRMLS #260012260

$1,100,000—
DateEvent & SourcePrice
09/23/2026

Listed (Active)

NNRMLS #260012260

$1,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3271 Gypsum Road

Taxable ValueLand$49,000Additions$44,342Total$93,342
Tax Record2025$2,040 ($170 / month)
Home Facts
Baths4Total Finished SqFt4,608 SqFtAbove Grade Finished SqFt4,608 SqFtStories2Lot Size17,337 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964Year Renovated1964ZoningMF30CountyWASHOEAPN003-275-06

Schools near 3271 Gypsum Road

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Elmcrest Elementary School
Public - PK to 5
Archie Clayton Middle School
Public - 6 to 8
Robert Mc Queen High School
Public - 9 to 12
Coral Academy Charter School Elementary
Charter - K to 4
Rating
School
Distance
Elmcrest Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Robert Mc Queen High School
Public9 to 12

Coral Academy Charter School Elementary
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3271 Gypsum Road, Reno, NV 89503

3271 Gypsum Road is a multi-family home for sale in Reno, NV 89503. This property was listed for sale on September 23, 2026 by Dickson Realty - Sparks, it's currently listed at $1,100,000. This listing's school district is Washoe County School District. Nearby schools include Elmcrest Elementary School, Archie Clayton Middle School and Robert Mc Queen High School. 3271 Gypsum Road is a 8-bed, 4-bath, 4,608 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dickson Realty - Sparks, Felisa Cusimano-Martin, License #S.67423

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.