3501 Gypsum Rd Reno, NV 89503
West University NeighborhoodEstimated payment $5,889/month
Highlights
- 4 Fireplaces
- Balcony
- Laundry Room
- Covered Patio or Porch
- Brick Veneer
- Forced Air Heating System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,602
Year Built
- Built in 1964
Lot Details
- 0.27 Acre Lot
- Back Yard Fenced
- Drip System Landscaping
Home Design
- Quadruplex
- Brick Veneer
- Frame Construction
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 4,224 Sq Ft Home
- 2-Story Property
- 4 Fireplaces
- Wood Burning Fireplace
- Blinds
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Oven
- Electric Range
- Disposal
Flooring
- Carpet
- Linoleum
- Vinyl
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 1 Car Garage
- Carport
- 1 Parking Space Included
Outdoor Features
- Balcony
- Covered Patio or Porch
Schools
- Elmcrest Elementary School
- Clayton Middle School
- Mcqueen High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Natural Gas Connected
- Individual Gas Meter
- Gas Water Heater
- Internet Available
- Phone Available
Listing and Financial Details
- The owner pays for water, trash collection, sewer, exterior maintenance, electricity, common area maintenance
- Assessor Parcel Number 003-234-18
Community Details
Overview
- 4 Units
- Reno Community
- Reno Foothills 1 Subdivision
- On-Site Maintenance
Pet Policy
- No Pets Allowed
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,947 | $95,682 | $49,000 | $46,682 |
| 2024 | $2,298 | $90,882 | $44,100 | $46,782 |
| 2023 | $2,298 | $84,215 | $44,100 | $40,115 |
| 2022 | $1,668 | $76,505 | $43,750 | $32,755 |
| 2021 | $2,068 | $67,853 | $35,000 | $32,853 |
| 2020 | $1,945 | $67,332 | $34,230 | $33,102 |
| 2019 | $1,851 | $65,161 | $34,230 | $30,931 |
| 2018 | $1,766 | $51,256 | $21,000 | $30,256 |
| 2017 | $1,685 | $50,416 | $20,300 | $30,116 |
| 2016 | $1,658 | $49,820 | $20,300 | $29,520 |
| 2015 | $1,657 | $47,847 | $18,340 | $29,507 |
| 2014 | $1,607 | $43,520 | $15,232 | $28,288 |
| 2013 | -- | $42,872 | $14,000 | $28,872 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/20/2026 01/20/26 | For Sale | $1,090,000 | 0.0% | $258 / Sq Ft |
| 01/19/2026 01/19/26 | Off Market | $1,090,000 | -- | -- |
Source: Northern Nevada Regional MLS
MLS Number: 260000662
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