Large 1100 Sq. Ft. two story townhome units with covered tenant parking under the building. Fantastic rental location near the University of Nevada Reno (UNR) provides high rents and low vacancy for the owner. , All 4 units are not only individually metered for gas & electric, but ALSO for water (reduces owner expenses). Professional management is currently in place.
Multi-familyProperty Type
1964Year Built
10,018 sq ftLot Size
$233Est. Price/Sq.Ft.
8 spacesParking
Listed by Chris McCain•DRE #B.1003301• DL Realty
Bought with Ali Liptrot•DRE #S.168357• Chase International-Damonte
Large townhome style units over 1,000 square feet each with fireplaces and views out the front make this an easy property to rent. Just North of UNR easy commute for students. Onsite laundry is convenient and brings in extra cash. Off street parking under the units makes for easy parking and clean cars. Storage area for each unit keeps the clutter down. Priced below comparable sales comparing $ per square foot. , Fully leased tenant occupied. Drive by offer or letter of Intent required for showing.
NNRMLS #110015476
May 11, 2012
Sold
$247,500
$54/sq ft
Feb 10, 2012
Listing Removed
—
Nov 20, 2011
Listed
$259,000
$56/sq ft
Great investment property located near UNR. This 4 plex unit is made up of 4- 2 bedroom, 2 bath units with great floor plans. 5 covered parking spaces and a laundry room complete with extra storage makes this a must see. All units have been refurbished including new laminate flooring and paint throughout and exterior of building has also been recently painted. All balconies on front of the building have been recently updated. This building is one of the nicest 4-plexes in the area!
NNRMLS #100004733
Dec 6, 2010
Sold
$150,000
$33/sq ft
Jun 16, 2010
Listing Removed
—
Apr 6, 2010
Listed
$179,000
$39/sq ft
NNRMLS #60003008
Jun 29, 2006
Sold
$475,000
$103/sq ft
Apr 17, 2006
Listing Removed
—
Feb 10, 2006
Listed
$489,000
$106/sq ft
Public Records
Apr 16, 2004
Sold
$420,000
$91/sq ft
Public Records
May 31, 2002
Sold
$320,000
$69/sq ft
NNRMLS #9901032
Jul 7, 2000
Sold
$195,000
$42/sq ft
Jan 26, 1999
Listed
$220,000
$48/sq ft
Public Records
Jun 1, 1980
Sold
$165,000
$36/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,528 (+2.9%)
$49,000 + $44,001
$93,001
2024
$2,457 (+8.0%)
$45,500 + $43,463
$88,963
2023
$2,275 (+2.9%)
$44,100 + $43,891
$87,991
2022
$2,211 (+7.8%)
$44,100 + $38,483
$82,583
2021
$2,052 (+6.3%)
$43,750 + $31,230
$74,980
2020
$1,929 (+5.0%)
$35,000 + $29,193
$64,193
2019
$1,838 (+4.9%)
$34,230 + $31,831
$66,061
2018
$1,752 (+4.1%)
$34,230 + $29,535
$63,765
2017
$1,683 (+2.5%)
$21,000 + $28,884
$49,884
2016
$1,642 (+0.4%)
$20,300 + $28,699
$48,999
2015
$1,636 (+3.2%)
$20,300 + $28,085
$48,385
2014
$1,586
$18,340 + $27,573
$45,913
Tax history for 3431 Gypsum Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,528 (+2.9%)
$49,000 + $44,001
$93,001
2024
$2,457 (+8.0%)
$45,500 + $43,463
$88,963
2023
$2,275 (+2.9%)
$44,100 + $43,891
$87,991
2022
$2,211 (+7.8%)
$44,100 + $38,483
$82,583
2021
$2,052 (+6.3%)
$43,750 + $31,230
$74,980
2020
$1,929 (+5.0%)
$35,000 + $29,193
$64,193
2019
$1,838 (+4.9%)
$34,230 + $31,831
$66,061
2018
$1,752 (+4.1%)
$34,230 + $29,535
$63,765
2017
$1,683 (+2.5%)
$21,000 + $28,884
$49,884
2016
$1,642 (+0.4%)
$20,300 + $28,699
$48,999
2015
$1,636 (+3.2%)
$20,300 + $28,085
$48,385
2014
$1,586
$18,340 + $27,573
$45,913
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
10,080 Sq. Ft.
Year renovated
1964
Sq. Ft.
4,608
Year built
1964
Style
Multi-Family (2-4 Unit)
County
Washoe County
APN
003-234-21
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 22, 2026.
MF-30
AN
Multi-Family Residential District
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
Property details
Parking
Parking Information
Parking Total: 8
Parking Features: Under Building, Assigned, Carport
Interior
Interior Features
Laundry Features: Common Area
Appliances: Disposal, Dishwasher, Gas Range, Refrigerator, Oven
Has Fireplace
Window Features: Metal Frames, Single Pane Windows, Vinyl Frames, Blinds, Double Pane Windows, Varies
Flooring: Carpet, Laminate, Vinyl, Varies
Unit Type 1 Information
Unit Type: Studio
Unit Type 2 Information
Unit Type: 1 Bedroom
Unit Type 3 Information
Unit Type: 2 Bedroom
# of Baths (Total): 2
Sq.Ft. Per Unit: 1,100
# of Units Total: 4
Unit Type 4 Information
Unit Type: 3 Bedroom
Multi-Family Information
# of Units Total: 4
# of Buildings: 1
Owner Pays: All Utilities
Exterior
Exterior Features
Fencing: Partial
Building Information
Building Area Total: 4,608
Construction Materials: Brick, Frame, Wood Siding
Roof: Flat
Foundation Details: Crawl Space, Brick/Mortar
Property Information
Property Sub Type: Quadruplex
Stories: 2
Lot Information
Lot Features: Landscaped
Zoning: MF30
Financial
Tax Information
Tax Annual Amount: $2,052
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Cellular Coverage, Internet Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Heating & Cooling
Heating: Fireplace(s), Natural Gas, Wall Furnace
Heating YN: Yes
Location
School Information
Elementary School: Elmcrest
Middle Or Junior School: Clayton
High School: Hug
Location Information
Road Responsibility: Public Maintained Road
Road Frontage Type: Public
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 4,608
Stories: 2.0
Lot Size: 10,080 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1964
Year Renovated: 1964
County: Washoe County
APN: 003-234-21
Home facts updated by county records on Jul 22, 2026
Around this home
Schools
Elmcrest Elementary School
Public PreK-5 • Assigned • 1.9mi
4/10
Archie Clayton Middle School
Public 6-8 • Assigned • 1.8mi
5/10
Robert Mc Queen High School
Public 9-12 • Assigned • 3.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
9/10 Fire Factor
57% chance of being in a wildfire in next 30 years
4/10 Heat Factor
6 days above 94° expected this year, 14 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
89
59
89
57
81
52
68
42
55
34
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.9 hours in
June and 5.8 hours in December, placing it above the
U.S. average for solar exposure.
12.9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.02M – $1.24M
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