This 4-plex has been completely remolded about 7 years ago from LVP flooring, cabinets, baseboards heaters, appliance, ac wall units, new Pella windows. The property is fully occupied and brings in 5000 plus 236 a month for utility reimbursement for sewer and trash every month. The gross cap rate is 7.3 percent before expenses. (pictures of the units are before tenants occupied)
Multi-familyProperty Type
1978Year Built
6,969 sq ftLot Size
$243Est. Price/Sq.Ft.
Listed by Erin Villalobos•DRE #S.180373• Chase International-Damonte
Bought with Maria Pinto•DRE #S.195132• Epique Realty
This 4-plex has been completely remolded from flooring, cabinets, baseboards heaters, appliance, ac wall units, new Pella windows. The property is fully occupied and brings in $4499 a month. The gross cap rate is 6.89%
NNRMLS #160000068
Dec 31, 2015
Sold
$260,000
$70/sq ft
Nov 12, 2015
Listing Removed
—
Nov 6, 2015
Listed
$260,000
$70/sq ft
Cash-flowing highly desirable 4-plex in Reno. Great opportunity to upgrade the units and increase your profits. Fully occupied with longterm tenants. Units have had some partial upgrades.
Public Records
Nov 9, 2004
Sold
$269,000
$72/sq ft
NNRMLS #107372
Dec 10, 2001
Listing Removed
—
Nov 15, 2001
Sold
$147,500
$40/sq ft
Aug 31, 2001
Listed
$160,000
$43/sq ft
NNRMLS #9702685
Aug 4, 1997
Listing Removed
—
Apr 4, 1997
Listed
$210,000
$57/sq ft
Public Records
Jun 5, 1996
Sold
$168,000
$45/sq ft
Public Records
Apr 1, 1986
Sold
$144,000
$39/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,237 (+7.9%)
$53,200 + $39,270
$92,470
2024
$2,074 (+8.0%)
$52,150 + $40,932
$93,082
2023
$1,921 (+3.5%)
$52,150 + $43,488
$95,638
2022
$1,856 (+2.4%)
$52,150 + $39,629
$91,779
2021
$1,812 (+6.3%)
$45,500 + $33,731
$79,231
2020
$1,704 (+5.0%)
$31,115 + $35,349
$66,464
2019
$1,623 (+4.7%)
$29,190 + $37,112
$66,302
2018
$1,550 (+3.0%)
$27,720 + $35,895
$63,615
2017
$1,505 (+2.7%)
$19,600 + $36,477
$56,077
2016
$1,466 (+0.1%)
$18,480 + $37,645
$56,125
2015
$1,464 (+3.0%)
$15,960 + $38,632
$54,592
2014
$1,422
$13,300 + $39,718
$53,018
Tax history for 3976 Neil Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,237 (+7.9%)
$53,200 + $39,270
$92,470
2024
$2,074 (+8.0%)
$52,150 + $40,932
$93,082
2023
$1,921 (+3.5%)
$52,150 + $43,488
$95,638
2022
$1,856 (+2.4%)
$52,150 + $39,629
$91,779
2021
$1,812 (+6.3%)
$45,500 + $33,731
$79,231
2020
$1,704 (+5.0%)
$31,115 + $35,349
$66,464
2019
$1,623 (+4.7%)
$29,190 + $37,112
$66,302
2018
$1,550 (+3.0%)
$27,720 + $35,895
$63,615
2017
$1,505 (+2.7%)
$19,600 + $36,477
$56,077
2016
$1,466 (+0.1%)
$18,480 + $37,645
$56,125
2015
$1,464 (+3.0%)
$15,960 + $38,632
$54,592
2014
$1,422
$13,300 + $39,718
$53,018
*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
Permits
Beds
6
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
6,795 Sq. Ft.
Year renovated
1978
Sq. Ft.
3,712
Year built
1978
Style
Multi-Family (2-4 Unit)
County
Washoe County
APN
020-332-15
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
Dec 4, 2025 • Active
Ez reroof - residential
Perform a reroofing project. Tear off the existing asphalt roofing material.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Assigned
Interior
Interior Features
Ceiling Fan(s)
Laundry Features: Varies By Unit
Appliances: Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Window Features: Vinyl Frames, Double Pane Windows
Flooring: Vinyl
Unit Type 1 Information
Unit Type: 1 Bedroom
# of Bedrooms (Total): 1
# of Baths (Total): 1
Furnished: Unfurnished
Garage Attached YN: No
Parking Capacity Per Unit: 1
Sq.Ft. Per Unit: 706
# of Units Total: 2
Unit Type 2 Information
Unit Type: 2 Bedroom
# of Baths (Total): 1
# of Bedrooms (Total): 2
Furnished: Unfurnished
Garage Attached YN: No
Parking Capacity: 1
Sq. Ft. Per Unit: 1,000
Units Total: 2
Multi-Family Information
# of Units Total: 4
# of Units MoMo: 1
# of Units Leased: 4
# of Separate Gas Meters: 4
# of Separate Electric Meters: 4
Owner Pays: Sewer, Water
Units Furnished: None
Exterior
Exterior Features
Patio & Porch Features: Deck, Patio
Fencing: Back Yard
Building Information
Building Area Total: 3,712
Construction Materials: Wood Siding
Roof: Pitched, Composition, Shingle
Foundation Details: Crawl Space
Other Structures: None
Pool Information
Pool Private YN: No
Pool Features: None
Spa Features: None
Property Information
Property Sub Type: Quadruplex
Levels: Two
Lot Information
Lot Features: Level
Zoning: MF30
Financial
Tax Information
Tax Annual Amount: $2,073.84
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Water Meter Installed, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating & Cooling
Cooling: Wall/Window Unit(s)
Has Cooling
Heating: Forced Air
Heating YN: Yes
Location
School Information
Elementary School: Smithridge
Middle Or Junior School: Pine
High School: Damonte
Community Information
Senior Community YN: No
Public facts
Beds: 6
Baths: 5.0
Sq. Ft.: 3,712
Stories: 2.0
Lot Size: 6,795 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1978
Year Renovated: 1978
County: Washoe County
APN: 020-332-15
Home facts updated by county records on Jul 22, 2026
Around this home
Schools
Smithridge Elementary School
Public PreK-5 • Assigned • 0.6mi
4/10
Edward L Pine Middle School
Public 6-8 • Assigned • 0.5mi
1/10
Damonte Ranch High School
Public 9-12 • Assigned • 5.6mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 94° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
15 unhealthy days expected this year, 18 days in 30 years
Provided by First Street
Historical weather
Reno, NV • 89502
Average low and high temperatures (°F)
49
25
53
31
62
37
64
39
75
48
86
56
90
62
89
60
82
55
69
43
56
34
52
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.8 hours in
June and 5.8 hours in December, placing it above the
U.S. average for solar exposure.
12.8 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$856,000 – $1.04M
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