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$1,090,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago
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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.

Full Property Details for 3501 Gypsum Rd

General

  • Price: $1,090,000
  • Taxes: $2,601
  • Status: Active
  • Type: Multi-Family
  • Source: 2502
  • MLS ID: 260000662
  • Updated: Today (1/20/2026)
  • Added to Site: Today

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 4
  • Fireplace(s): Wood Burning
  • Appliances: Oven, Disposal, Dryer, Electric Range, Refrigerator, Washer
  • Flooring: Carpet, Varies, Vinyl

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: Patio

Parking

  • Total Spaces: 4
  • Parking Features: Carport

Location

  • County: Washoe
  • Subdivision: Reno Foothills 1
  • Cross Streets: Talus Way
  • Driving Directions: North Virginia-Talus-Gypsum

School Information

  • Elementary School: Elmcrest
  • Middle School: Clayton
  • High School: McQueen

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
  • # Gas Meters: 4
  • # Electric Meters: 5

Structural Information

  • # Buildings: 1
  • Exterior Const.: Brick Veneer, Frame, Wood Siding
  • Roof: Composition, Pitched, Shingle
  • Windows: Blinds, Varies
  • Stories/Levels: 2
  • Building Size: 4224
  • Year Built: 1964

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,730
  • Frontage: Public
  • Road Maintenance: Public Maintained Road
  • Zoning: MF30
  • Fencing (Description): Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $258.05
  • Tax Amount: $2,601.56
  • Terms: Cash, Conventional
  • Owner Pays: Water, Trash Collection, Sewer, Exterior Maintenance, Electricity, Common Area Maintenance
  • Tenant Pays: Gas, Electricity

Disclosures and Reports

  • APN: 003-234-18

Listed by Valley Realty & Management, Nathan Harris (626) 710-6181

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Listing agent

— 3501 Gypsum Rd —

  • Nathan Harris

    Valley Realty & Management

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 3501 Gypsum Rd

School District:Washoe County School District
NameGradesDistance
Elmcrest Elementary School
855 Mc Donald Drive, Reno, NV 89503
K-51.9 mi
Archie Clayton Middle School
1295 Wyoming Avenue, Reno, NV 89503
6-81.8 mi
Robert Mc Queen High School
6055 Lancer Street, Reno, NV 89523
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3501 Gypsum Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/20/2026
Listed
$1,090,000
105.66%
MLS
7/10/2017
Sold
$530,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3501 Gypsum Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,602
3%
$91,755
1%
2024
$2,527
10%
$90,882
8%
2023
$2,298
3%
$84,215
10%
2022
$2,231
8%
$76,505
13%
2021
$2,068
—
$67,853
1%
2021
$2,068
12%
$67,332
3%
2019
$1,851
5%
$65,161
27%
2018
$1,766
4%
$51,256
2%
2017
$1,695
2%
$50,416
1%
2016
$1,658
—
$49,820
4%
2015
$1,657
3%
$47,847
10%
2014
$1,607
—
$43,520
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Valley Realty & Management, Nathan Harris (626) 710-6181

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3501 Gypsum Road, Reno, NV 89503 (MLS# 260000662) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 3501 Gypsum Road is currently listed for $1,090,000 and was received on January 20, 2026. Want to learn more about 3501 Gypsum Road? Do you have questions about finding other Multi-Family real estate for sale in Reno Heights? You can browse all Reno Heights real estate or contact a Coldwell Banker agent to request more information.

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