OFF MARKET

Off Market Dec 2022 for $1M

—

Est. refi paymentEst. refi $4,166/mo

•

4,800

sq ft

3575 Gypsum Rd, Reno, NV 89503-1220

About this home

Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers. Seven-unit multifamily investment property located in excellent , high desirable for rent location of Old Northwest Reno. This Asset has been well-cared by the current ownership. Functional floorplans, law maintenance landscaping, easy access to Interstate 80, University of Reno, McCarran Blvd and more, make this property to be a well-positioned as a favorable long-term investment in growing Reno rental Market and incoming major employers. Landlord-friendly Nevada laws, benefit from Nevada's lack of a state income tax, competitive cap rates are the great benefits for investors in this multifamily property.

Multi-familyProperty Type

1979Year Built

10,454 sq ftLot Size

$224Price/Sq.Ft.

9 spacesParking

Listed by Elena Satmari • 1st Option Realty

Bought with Elena Satmari • 1st Option Realty

Redfin checked: 2 minutes ago

•Source:NNRMLS #220014304

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 89503, NV

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.1%

+0.0% MoM

Median sale price

$495K

$18K MoM

Avg. days on market

39d

2 days MoM

Recently sold homes

112

8 MoM

New listings for sale

NEW 5 HRS AGO
$375,000
3 beds2.5 baths1,264 sq ft
3575 Balboa Dr, Reno, NV 89503
NEW 7 HRS AGO
$469,000
3 beds1 bath1,160 sq ft
1075 University Ter, Reno, NV 89503
NEW 26 HRS AGO
$385,000
2 beds2.5 baths1,270 sq ft
5080 Ciarra Kennedy Ln, Reno, NV 89503
$186,900
1 bed1 bath544 sq ft
450 N Arlington Ave #715, Reno, NV 89503
LISTED BY REDFIN
$560,000
3 beds2 baths1,544 sq ft
3989 Regal Dr, Reno, NV 89503
See all

Provided by Redfin

Sale history for 3575 Gypsum Rd

Date

Event

Price

NNRMLS #220014304

Dec 30, 2022

Sold

$1,075,000

$224/sq ft

Nov 22, 2022

Contingent

—

Oct 15, 2022

Relisted

—

Oct 10, 2022

Contingent

—

Sep 26, 2022

Listed

$1,250,000

$260/sq ft

RENT. #1

Mar 31, 2022

Price Changed

$995

$0/sq ft

NNRMLS #200016548

Mar 5, 2021

Sold

$1,150,000

$240/sq ft

Jan 20, 2021

Contingent

—

Dec 7, 2020

Listed

$1,150,000

$240/sq ft

+15

NNRMLS #70013543

Nov 2, 2007

Listing Removed

—

Jun 22, 2007

Listed

$579,000

$121/sq ft

NNRMLS #9801533

Jun 12, 1998

Listing Removed

—

Feb 20, 1998

Listed

$339,500

$71/sq ft

NNRMLS #9701652

Dec 31, 1997

Listing Removed

—

Mar 2, 1997

Listed

$350,000

$73/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$4,526 (+2.0%)

$62,125 + $60,375

$122,500

2024

$4,437 (+7.9%)

$60,667 + $62,804

$123,471

2023

$4,113 (+8.0%)

$58,100 + $66,710

$124,810

2022

$3,807 (+7.9%)

$58,100 + $60,526

$118,626

2021

$3,528 (−1.9%)

$56,000 + $51,571

$107,571

2020

$3,598 (+5.0%)

$42,000 + $54,043

$96,043

2019

$3,427 (+3.0%)

$42,000 + $56,762

$98,762

2018

$3,329 (+3.0%)

$42,000 + $54,859

$96,859

2017

$3,232 (+1.8%)

$36,750 + $55,715

$92,465

2016

$3,175

$30,625 + $57,433

$88,058

2015

$3,178 (+3.2%)

$30,625 + $58,683

$89,308

2014

$3,080

$26,460 + $60,524

$86,984

Tax history for 3575 Gypsum Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,526 (+2.0%)

$62,125 + $60,375

$122,500

2024

$4,437 (+7.9%)

$60,667 + $62,804

$123,471

2023

$4,113 (+8.0%)

$58,100 + $66,710

$124,810

2022

$3,807 (+7.9%)

$58,100 + $60,526

$118,626

2021

$3,528 (−1.9%)

$56,000 + $51,571

$107,571

2020

$3,598 (+5.0%)

$42,000 + $54,043

$96,043

2019

$3,427 (+3.0%)

$42,000 + $56,762

$98,762

2018

$3,329 (+3.0%)

$42,000 + $54,859

$96,859

2017

$3,232 (+1.8%)

$36,750 + $55,715

$92,465

2016

$3,175

$30,625 + $57,433

$88,058

2015

$3,178 (+3.2%)

$30,625 + $58,683

$89,308

2014

$3,080

$26,460 + $60,524

$86,984

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

10,454

Year renovated

2023

Sq. Ft.

4,800

Year built

1979

Style

Multi-Family (5+ Unit)

County

Washoe County

APN

003-234-15

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Features

Views

Last updated by owner on Jan 18, 2024.

MF-30

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/Garage Information
Parking Types: Designated Parking
Parking Capacity per Unit: 1
Total Parking Capacity: 7

Interior

Room Information
Laundry: Common

Interior Features
Appliances: Oven/Range, Refrigerator
Facility Features: Master Meter (Water), Separate Heating/Cooling, Separated Meters (Electric), Separate Water Heaters, Tenant Pays Utilities
Flooring: Varies by Unit
Windows: Metal Frame

Heating/Cooling
Natural Gas

Multi-Unit Information
Complex Name: None
# of Units: 7
Net Operating Income: $70,091
Income Info: Yes
Common Features: Alley Access, Fire Escape

1-Bedroom Unit Information
# of Baths: 1
# of Units: 6
Sq. Ft./Unit: 650

2-Bedroom Unit Information
# of Baths: 1
# of Units: 1
Sq. Ft./Unit: 900

Exterior

Building Information
Exterior: Wood Siding
# of Buildings: 1
Construction: Frame
Foundation: Concrete/Crawl Space

Exterior Features
Landscaped: Partially

Unit Information
Unit Features: Blinds/Shades, Smoke Detector

Property Features
Roof: Pitched

Property Information
Source of Sq. Ft.: Assessor
For Sale
For Sale
Sliding Scale: No

Lot Information
Access Type: Public

Financial

Taxes & Assessment Information
Taxes: $3,845.82

Lease Information
Current Lease: Month-to-Month

Utilities

Utility Information
Individually Metered
Utilities: City/County Water, City Sewer, Electricity, Internet Available, Natural Gas
Water Heater: Electric

Public facts

Beds: 8
Baths: 10.0
Sq. Ft.: 4,800
Stories: 2.0
Parking Spaces: 9
Basement: No
Accessible: No
Lot Size: 10,454 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1979
Year Renovated: 2023
County: Washoe County
APN: 003-234-15
HOA Dues: —
Garage: No
Features: Views

Home facts updated by owner on Jan 18, 2024

Other

Listing Information
Cross-Street/Directions: Talus Way

Around this home

Schools

Elmcrest Elementary School

Public PreK-5 • Assigned • 1.9mi

4/10

Archie Clayton Middle School

Public 6-8 • Assigned • 1.9mi

5/10

Robert Mc Queen High School

Public 9-12 • Assigned • 3.4mi

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

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 • 89503-1220

Average low and high temperatures (°F)

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

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$460,000

2 beds2 baths1,310 sq ft

2018 Cradle Mountain Dr Unit 1, Reno, NV 89523

$995,000

3 beds3 baths1,243 sq ft

807 Alder Ave Unit 38, Incline Village, NV 89451

$1,149,000

— beds— baths3,438 sq ft

330 Talus Way, Reno, NV 89503

$2,700,000

— beds— baths8,096 sq ft

190 Locust St, Reno, NV 89502

New listings for sale in 89503

NEW 5 HRS AGO

$375,000

3 beds2.5 baths1,264 sq ft

3575 Balboa Dr, Reno, NV 89503

NEW 7 HRS AGO

$469,000

3 beds1 bath1,160 sq ft

1075 University Ter, Reno, NV 89503

NEW 26 HRS AGO

$385,000

2 beds2.5 baths1,270 sq ft

5080 Ciarra Kennedy Ln, Reno, NV 89503

$186,900

1 bed1 bath544 sq ft

450 N Arlington Ave #715, Reno, NV 89503

LISTED BY REDFIN

$560,000

3 beds2 baths1,544 sq ft

3989 Regal Dr, Reno, NV 89503

Home values near 3575 Gypsum Rd

Data from public records.

Address	Redfin Estimate
3590 Gypsum Road, Reno, NV 12 Beds \| 16 Baths \| 4132 Sq. Ft.	$902,762
3596 Gypsum Road, Reno, NV 8 Beds \| 8 Baths \| 5408 Sq. Ft.	—

Address	Redfin Estimate
3565 Gypsum Road, Reno, NV 8 Beds \| 4 Baths \| 3075 Sq. Ft.	$740,212
3621 Gypsum Road, Reno, NV 8 Beds \| 6 Baths \| 3392 Sq. Ft.	$733,818

Address	Redfin Estimate
3601 Gypsum Road, Reno, NV 8 Beds \| 8 Baths \| 5280 Sq. Ft.	—
3560 Gypsum Road, Reno, NV 8 Beds \| 4 Baths \| 4224 Sq. Ft.	$788,507

Property information provided by undefined .

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

89521 homes for sale
89436 homes for sale
89523 homes for sale
89509 homes for sale
89511 homes for sale

Houses for rent in Reno	Agents near me	Incline Village, NV homes for sale	Reno Housing Market
Houses for sale near me	Las Vegas, NV homes for sale	North Las Vegas, NV homes for sale
Land for sale near me	Henderson, NV homes for sale	Sparks, NV homes for sale
Open Houses near me	Reno, NV homes for sale	Reno Property Records
Condos for sale near me	Carson City, NV homes for sale	NV New Listings

Northeast homes for sale
North Virginia-Socrates homes for sale

Carson City homes for sale
Incline Village homes for sale
Truckee homes for sale

About this home

Redfin Estimate

Market trends in 89503, NV

Sale history for 3575 Gypsum Rd

Tax history for 3575 Gypsum Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 89503

Home values near 3575 Gypsum Rd

More real estate resources