$1,100,000 Active
3271 Gypsum Road
Reno, NV 89503
STR Status Unknown
8 Beds
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About This Property

Investor opportunity near the University of Nevada, Reno! This four-unit property features four 2-bedroom, 1-bathroom residences, all currently tenant occupied with long-term tenants in place. Each unit offers a functional floor plan with a wood-burning fireplace and an assigned 1-car garage, providing valuable additional parking and storage. Located in the UNR university housing area with convenient access to campus, shopping, dining, public transportation, and nearby amenities, this property offers an opportunity to add a multi-unit investment to your portfolio with existing tenancy already established. See Associated Documents for additional information, including the cash flow details for each individual unit.

Listed by Felisa Cusimano-Martin — Dickson Realty - Sparks

Listing Details

Status Active
MLS # 260012260
Days on Market 10

Property History

Sep 23, 2026
Listed for sale
$1,100,000
Property Overview
Beds 8
Lot Size 0.40 acres
Stories 2
Year Built 1964
Property Type Quadruplex
Subdivision Reno Foothills 1
APN 003-275-06
Parking
Total Parking 8
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Cul-De-Sac
Construction Brick Veneer, Wood Siding
Roof Composition, Shingle
Foundation Other
Pool & Spa
Pool No
Utilities & Systems
Heating Wall Furnace
Financial
Annual Tax $2,735
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$6,019 per month
Principal & interest
$5,562/mo
Property taxes
$228/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$229/mo
Estimated ~$2,200–$3,300/yr — get a local broker quote for accuracy.
Down payment
20% ($220,000)
Home price
$1,100,000
Loan details
30-yr fixed, 6.5%
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