FOURPLEX INVESTMENT OPPORTUNITY NEAR UNR! Excellent investment opportunity near the University of Nevada, Reno! This well-located fourplex features four spacious 2-bedroom, 1-bathroom residences, each offering an oversized living room with a wood-burning fireplace, a functional galley kitchen with a dining nook, generously sized bedrooms, an assigned one-car garage, and additional private storage. All units seperatly metered, there is a fifth meter for water/power for the Laundry room. For added tenant convenience, the property offers an on-site coin-operated washer and dryer. All four units are currently occupied by long-term tenants, providing an established rental history and income potential. Ideally situated near UNR, shopping, dining, public transportation, and everyday amenities, this property presents an excellent opportunity for investors looking to expand their real estate portfolio. ADDITIONAL INVESTMENT OPPORTUNITY! Two additional fourplexes are available for purchase, offering the potential to acquire up to 12 units as part of a bundled investment. See Associated Documents for additional property information, including individual unit cash flow details. Contact the listing agent for details on the two additional fourplexes and potential package purchase options.
Multi-familyProperty Type
1964Year Built
0.4 acresLot Size
$239Price/Sq.Ft.
8 spacesParking
Listed by Felisa Cusimano-Martin•DRE #S.67423• Dickson Realty - Sparks
North Virginia-Socrates, located between Downtown Reno and the University of Nevada, Reno, is a historic and mixed-use Reno neighborhood with a rail-adjacent streetscape and a steady stream of local storefronts. The neighborhood’s character concentrates around the North Virginia Street corridor near UNR, where coffee counters, casual eateries, and small service shops line the sidewalks. Older bungalows and small apartment courts mix with newer infill, giving the blocks a layered, lived-in look. The Nevada Museum of Art and the Pioneer Center for the Performing Arts add a cultural throughline nearby. Idlewild Park and the Truckee River paths shape daily routines with green space and water views. Transit and bike routes tie the area to Midtown and the riverfront.
Provided by Walk Score and Local Logic
Offer insights
3271 Gypsum Rd · $1,100,000
$1.1M and above
75% chance or better to win
Why $1.1M+ is a strong offer
DAYS ON MARKET
32 days
The average home goes pending in 21 days.
SALE-TO-LIST
95.8%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Varies by unit laundry arrangements
Dishwasher
Electric range
Fireplaces (4 total)
Free-standing wood-burning fireplaces
Window treatments include blinds
Window frames: metal, vinyl, and aluminum
Bedrooms
Four 2-bedroom units (each unit is 2 bedrooms)
Bathrooms
Each unit has 1 bathroom
Kitchen
Dishwasher
Electric range
Laundry & utility
Laundry setup varies by unit
Flooring
Carpet
Vinyl
Heating & cooling
Wall furnaces
Exterior features
Located on a cul-de-sac
No fencing specified
No pool or spa
Home design
Quadruplex (four-unit building)
Two levels
Parking
Eight parking spaces total
Attached garage spaces (each unit has 1 garage space)
Parking capacity of 2 vehicles per unit
Construction
Brick veneer and wood siding exterior
Composition shingle roof
Other type foundation
One building
Utilities
Public water
Public sewer
Electricity available
Sewer available
Water available
Four separate water meters
Four separate gas meters
Four separate electric meters
HOA & community
Not a senior community
Subdivision: Reno Foothills 1
Financial info
Owner pays common area maintenance, exterior maintenance, sewer, and trash collection
Two units month-to-month; two units leased
Total of 4 units
Other
Building area total: 4,608
Electricity and solar
View estimated energy costs and solar savings for this home
The MF-30 district is intended to provide multi-family residential development and limited commercial and retail uses. Secondary uses include duplexes, triplexes, fourplexes, townhomes, single-family residential uses, parks, and schools. Additional district standards ensure that amenities such as open space are provided to offset the increases residential densities. This district is appropriate adjacent to other multifamily, single-family Urban Districts, and Employment Districts.
Zone overlays
Airport Noise Exposure Overlay District
Permitted uses
Include but are not limited to:
Day care facility
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
9/10 Fire Factor
58% chance of being in a wildfire in next 30 years
4/10 Heat Factor
6 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 17 days in 30 years
Provided by First Street
Historical weather
Reno, NV • 89503
Average low and high temperatures (°F)
49
26
53
31
62
37
63
38
74
47
85
56
91
60
89
57
80
53
68
42
55
34
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Reno. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3271 Gypsum Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $570,000 and $899,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $570K to $899K.