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$1,600,000

  • Sold
  • Closed
  • Commercial Multi-Family
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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.

Full Property Details for 3601 Gypsum Rd

General

  • Sold For: $1,600,000
  • Taxes: $4,615
  • Status: Closed
  • Type: Commercial Multi-Family
  • Source: 2502
  • MLS ID: 250057305
  • Added to Site: 87 day(s) ago

Business

  • Business Type: Other, Commercial

Interior

  • Flooring: Carpet, Vinyl

Rooms

Other Rooms

  • Laundry: In Unit

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Total Spaces: 12
  • Parking Features: On Site, Parking Lot

Location

  • County: Washoe
  • Subdivision: Reno Foothills 1

Heating & Cooling

  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Connected, Water Connected, Water Meter Installed

Structural Information

  • # Buildings: 1
  • Builder: 3601 Gypsum Rd.
  • Exterior Const.: Frame, Stucco, Wood Siding
  • Roof: Shingle
  • Common Walls: 2+ Common Walls
  • Windows: Double Pane Windows
  • Stories/Levels: 2
  • Building Size: 5280
  • Sq. Ft. Source: Assessor
  • Year Built: 1986

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,575
  • Frontage: Public
  • Street/Road Desc.: Paved
  • Road Maintenance: Public Maintained Road
  • Lot Features: Corner Lot, Sloped Up
  • Zoning: MF30
  • Fencing (Description): None

Financial Considerations

  • Price Per Sq. Ft.: $303.03
  • Tax Amount: $4,615.96
  • Terms: Owner May Carry

Disclosures and Reports

  • APN: 003-234-14

Listed by Harcourts Vanguard, Maribel Garcia (775) 225-9911
Sold by Sierra Sotheby's Intl. Realty, Kathy Williams

Listing agent

— 3601 Gypsum Rd —

  • Maribel Garcia

    Harcourts Vanguard

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3601 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
Procter R Hug High School
3530 Sullivan Lane, Sparks, NV 89431
9-123.1 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 3601 Gypsum Rd

Date
Details
Price
Change
Source
12/16/2025
Sold
$1,500,000
-6.25%
MLS
10/21/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Harcourts Vanguard, Maribel Garcia (775) 225-9911
Sold by Sierra Sotheby's Intl. Realty, Kathy Williams

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3601 Gypsum Road, Reno, NV 89503 (MLS# 250057305) is a Commercial Multi-Family property that was sold at $1,600,000 on December 16, 2025. Want to learn more about 3601 Gypsum Road? Do you have questions about finding other Commercial Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.