3601 Gypsum Rd, Reno, NV 89503
- $1,600,000
- 5,280
- SqFt
- Sold Price
- $1,600,000
- List Price
- $1,600,000
- Status
- CLOSED
- Days on Market
- 55
- Closing Date
- Dec 16, 2025
- MLS#
- 250057305
- Subtype
- Commercial Sale
- Year Built
- 1986
- Living Area
- 5,280
- Lot Size
- 10,575
- Acres
- 0.24
- Subdivision
- Reno Foothills 1
Property Description
Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available — 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.
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Additional Information
- Taxes
- $4,615
- Zoning
- MF30
- Flooring
- Carpet, Vinyl
- Heating
- Baseboard
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Foundation
- Slab
- Parking Features
- On Site, Parking Lot
- Garage
- On Site, Parking Lot
Mortgage Calculator
Courtesy of Maribel Garcia and Harcourts Vanguard. Contact:
Selling Office: Sierra Sotheby's Intl. Realty.
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Data last updated on 06/28/2017.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
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