Sold
Last Sold Price
8 beds5,016 sqft
3575 Gypsum Rd, Reno, NV 89503
Multi FamilyProperty Type
0.24 acresLot Size
1979Year Built
$214/sq ftPrice per sq ft
7 carsParking Spaces

Description

Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers.Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers.
Listing closed: 12/29/2022 04:00 PM • Source: NNRMLS, MLS#: 220014304

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Recent comparable sales

Median sold price

$850,000

Avg days on market

155

Sale-to-list ratio

90.8%

Reno, NV

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Location

Listing Courtesy of 1st Option Realty, Elena Satmari, License #13990

Sold By 1st Option Realty, Elena Satmari, License #13990

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$6,059 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,739

Property Taxes

$321

HOA Dues

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Property Information for 3575 Gypsum Road

Property Details
  • Taxes: $3,846 / year
  • MLS Type: Multi-Family / Apartment Building (up to 8 Units)
  • Zoning Actual: MF30
  • Total Parking Capacity: 7
Building Information
  • Stories: 2
  • Year Built: 1979
  • Lot Size: 0.24 AC / 10,454 SF
Summary
Location and General Information
  • Area: Reno-Old Northwest
  • Zip: 89503-1220
  • Geo Latitude: 39.559516
  • Geo Longitude: -119.829599
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 3575 Gypsum Rd
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89503
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 3575 Gypsum Rd.
  • County: Washoe
  • Xstreet/Directions: Talus Way
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $3,845.82
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Designated Parking
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1979.0
  • Acreage: 0.24
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 00323415
  • Complex Name: None
  • Gross Square Footage: 5016.0
Property and Assessments
  • Cap Rate: 6.00%
  • Documents On File: Financial Statements, Inventory, Rental/Leases
  • ADA Compliant: No
  • Construction: Wood Frame
  • Assessment $: $.00
  • Associated Document Count: 0
  • LVT Date: 09-26-2022
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas
  • Water Heater: Electric
  • Windows: Metal Frame
  • Facility Features: Master Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Tenant Pays Utilities
  • Common Features: Alley Access, Fire Escape
  • Unit Features: Blinds/Shades, Smoke Detector
  • Appliances: Oven/Range, Refrigerator
  • Laundry: Common
  • Flooring: Varies by Unit
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Wood Siding
  • Roof: Pitched
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Internet Available
  • Landscaped: Partially Landscaped
  • Sprinklers: None
  • Fenced: None
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 6
  • 1 Bedroom - SqFt/Unit: 650
  • 1 Bedroom - Avg Rent/Unit: 995
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 900
  • 2 Bedroom - Avg Rent/Unit: 1295
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 1
  • # Units: 7
  • Stories: 2 Story
Income & Expenses
  • Income Info w/h: Yes
  • Annual Expenses: $27,309.00
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $94,400.00
  • Net Operating Income: $70,091.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 95
  • DOMLS: 95
  • Cumulative DOM: 95
  • Cumulative DOMLS: 95
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Elena Satmari
  • Contact Phone: 805-801-1969
Rental
Rent Information
  • Annual Vacancy: $1,800.00
  • Current Lease: Month to Month

Property History for 3575 Gypsum Road

DateEvent & SourcePriceAppreciation
Dec 29, 2022

Sold

NNRMLS #220014304

$1,075,000—
Dec 22, 2022

Sold (Public Record)

Public Record #1503569362

$1,075,000

-3.6% / yr

Nov 21, 2022

Pending

NNRMLS #220014304

—
DateEvent & SourcePrice
12/29/2022

Sold

NNRMLS #220014304

$1,075,000
12/22/2022

Sold (Public Record)

Public Record #1503569362

$1,075,000

-3.6% / yr

11/21/2022

Pending

NNRMLS #220014304

—

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

Public Records for 3575 Gypsum Road

Taxable ValueLand$62,125Additions$60,375Total$122,500
Tax Record2025$3,389 ($282 / month)
Home Facts
Baths8Total Finished SqFt5,016 SqFtAbove Grade Finished SqFt5,016 SqFtStories2Lot Size10,627 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1979ZoningMF30CountyWASHOEAPN003-234-15

Schools near 3575 Gypsum Road

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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.

Reno
Reno
A highly dynamic urban hub completely surrounded by breathtaking natural beauty. Beautifully positioned at the base of the majestic Sierra Nevada mountains, Reno has completely transformed into a highly sought after hub of culture and innovation. From an incredible arts scene to world class...

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3575 Gypsum Road, Reno, NV 89503
$1,075,000
8
5,016
10,454
$560,000
–
8
5,280
10,575
$254,000
8
4
3,075
10,890
–
–
6
3,392
13,468
$410,000
12
16
4,132
10,454
–
–
4
4,224
10,635

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 1st Option Realty, Elena Satmari, License #13990

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.