3501 Gypsum Rd, Unit 3501/3503/3505/3507

16
Baths
4,224 Sq. Ft.
$258 / Sq. Ft.
4,224
Sq. Ft.
$258
per Sq. Ft.

Description

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,...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.
  1. Listed by Nathan Harris • Brokerage DRE #B.1001749 • Valley Realty & Management
    P: (626)-710-6181 nate@vramonline.com

Property Details for 3501 Gypsum Road, Unit 3501/3503/3505/3507

Zoning
MF30
Subdivision Name
Reno Foothills 1
Furnished
Unfurnished
LISTING UPDATED: 01/22/2026 02:55 PM

Property Details for 3501 Gypsum Road, Unit 3501/3503/3505/3507

StatusActive
MLS #260000662
Days on Compass21
Taxes$2,602 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1964
Lot Size0.27 AC / 11,730 SF
CountyWashoe County

Location

Listing Courtesy of Valley Realty & Management, Nathan Harris, License #B.1001749
Add your commute

Building Information for 3501 Gypsum Road, Unit 3501/3503/3505/3507

Stories2Residences4Year Built1964Building Size-Lot Size0.27 AC / 11,730 SF

Payment Calculator

$5,529 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,312

Property Taxes

$217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3501 Gypsum Road, Unit 3501/3503/3505/3507

Summary
Location and General Information
  • Directions: North Virginia-Talus-Gypsum
  • Latitude: 39.558951
  • Longitude: -119.829663
  • Cross Street: Talus Way
  • Address:Parcel Number: 003-234-18
  • Address:Cross Street: Talus Way
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $2,602
  • 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: $2,602
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF30
  • Tax Legal:Directions: North Virginia-Talus-Gypsum
  • AssociationCommunity:Number Of Buildings: 1.0
  • AssociationCommunity:Senior Community YN: No
Parking
  • Attached Garage YN: No
  • Parking Features: Carport
  • Parking Total: 4.0
  • Parking Information:Parking Total: 4.0
  • Parking Features:Carport: Yes
School Information
  • Elementary School: Elmcrest
  • High School: McQueen
  • Middle Or Junior School: Clayton
Property
Lot Information
  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Size Square Feet: 11730.0
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 4224.0
  • Lot:Lot Size Acres: 0.27
  • Lot:Lot Size Square Feet: 11730.0
  • Lot:Pool Private YN: No
  • Lot:Spa YN: No
Property and Assessments
  • Parcel Number: 003-234-18
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
  • Financial Data Source:Property Manager: Yes
Utilities
  • Sewer: True
  • Utilities: Electricity Available, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
  • Utilities:Cooling YN: No
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Internet Available: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Connected: Yes
  • Utilities:Water Available: Yes
  • Utilities:Water Connected: Yes
  • Utilities:Cellular Coverage: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: 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: 5
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Number Of Separate Gas Meters: 4
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:One Primary Water Meter YN: Yes
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Patio And Porch Features: Patio
  • Stories: 2
  • Construction Materials: Brick Veneer, Frame, Wood Siding
  • Exterior Features: Balcony
  • Fencing: Back Yard
  • Foundation Details: Crawl Space
  • Levels: Two
  • Other Structures: Other
  • Roof: Composition, Pitched, Shingle
  • Security Features: Smoke Detector(s)
  • Senior Community YN: No
  • Spa Features: None
  • Spa YN: No
  • Window Features: Blinds, Varies
  • Pool Private YN: No
  • Building:Number Of Units Total: 4.0
  • Building:Stories: 2.0
  • Building:Outdoor Living Spaces YN: Yes
  • Building:ADA Compliant YN: No
  • Building:Units Furnished: None
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Frame: Yes
  • Exterior Features:Balcony: Yes
  • Fencing:Back Yard: Yes
  • Foundation Details:Crawl Space: Yes
  • Levels:Two: Yes
  • Other Structures:Other: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Outdoor Living Spaces Features:Covered Patio: Yes
  • Outdoor Living Spaces Features:Uncovered Patio: Yes
  • Pool Features:None: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Security Features:Other: Yes
  • Spa Features:None: Yes
  • Sprinklers:Drip System: Yes
  • Window Features:Blinds: Yes
  • Window Features:Varies: Yes
Interior Features
  • Fireplaces Total: 4
  • Cooling YN: No
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Flooring: Carpet, Varies, Vinyl
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Units Vacant: 1
  • Number Of Units Mo Mo: 2
  • Number Of Units Leased: 3
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Disposal, Dryer, Electric Range, Refrigerator, Washer
  • Interior:Building Area Total: 4224.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: Yes
  • Interior:Fireplaces Total: 4.0
  • Fireplace Features:Wood Burning: Yes
  • Flooring:Carpet: Yes
  • Flooring:Varies: Yes
  • Flooring:Vinyl: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Insulation Details:Unknown: Yes
  • Interior Features:None: Yes
  • Appliances:Disposal: Yes
  • Appliances:Dryer: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Appliances:Washer: Yes
  • Laundry Features:Common Area: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $10,000
  • Income and Expenses:Income Info Withheld YN: Yes
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Total Annual Expenses: $10,000
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Units Furnished: None
  • Number Of Units Total: 4
  • Unit Details:Number Of Units Leased: 3
  • Unit Details:Number Of Units Month To Month: 2
  • Unit Details:Number Of Units Vacant: 1
Rental
Rent Information
  • Tenant Pays: Gas, Electricity
  • Pet Information:Pets Allowed YN: No
  • Tenant Pays:Electricity: Yes
  • Tenant Pays:Gas: Yes

Property History for 3501 Gypsum Road, Unit 3501/3503/3505/3507

DateEvent & SourcePriceAppreciation
Jan 20, 2026

Listed (Active)

NNRMLS #260000662

$1,090,000—
Jan 19, 2026

Temporarily Off Market

NNRMLS #260000662

$1,090,000—
Jan 19, 2026

Listed (Active)

NNRMLS #260000662

$1,090,000—
Jun 21, 2023

Withdrawn

NNRMLS #230006704

—
Jun 21, 2023

Listed (Active)

NNRMLS #230006704

$975,000—
DateEvent & SourcePrice
01/20/2026

Listed (Active)

NNRMLS #260000662

$1,090,000
01/19/2026

Temporarily Off Market

NNRMLS #260000662

$1,090,000
01/19/2026

Listed (Active)

NNRMLS #260000662

$1,090,000
06/21/2023

Withdrawn

NNRMLS #230006704

—
06/21/2023

Listed (Active)

NNRMLS #230006704

$975,000

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

Schools near 3501 Gypsum Road, Unit 3501/3503/3505/3507

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Elmcrest Elementary School
PublicK 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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3501 Gypsum Road, Unit 3501/3503/3505/3507 is a multi-family home for sale in Reno, NV 89503. This property was listed for sale on January 19, 2026 by Valley Realty & Management, it's currently listed at $1,090,000. 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. 3501 Gypsum Road, Unit 3501/3503/3505/3507 is a 32-bed, 16-bath, 4,224 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Valley Realty & Management, Nathan Harris, License #B.1001749

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.