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.

Features
: Water Meter Installed, Water Connected, Natural Gas Connected
Address Map
US
NV
Washoe
Reno
Reno Foothills 1
89503
Gypsum
3601
0
W120° 10' 13.3''
N39° 33' 34.9''
Additional Info
Harcourts Vanguard
Maribel Garcia
10-22-2025 00:07:06
Active
10-22-2025
13439
2243-o
10-20-2025
$0
10-22-2025 00:15:18
2
$0
003-234-14
$0
$0

Commercial Sale Residential

3601 Gypsum, Reno, Nevada 89503

0.24 Acre
$1,600,000
Listing ID #250057305
Basic Details
Property Type : Commercial Sale
Listing Type : Residential
Listing ID : 250057305
Serial Number : 20251020202136523368000000
Price : $1,600,000
View : Trees
Year Built : 1986
Lot Area : 0.24 Acre
Status : Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent