About 3601 Gypsum Road
Fully occupied 8-unit multifamily investment near UNR. 3601 Gypsum Rd delivers strong in-place income with immediate upside through below-market rents. Current annual income 106 K with low 23 percent expense ratio and 81K NOI. Attractive seller financing available — 300 K down, 5 percent interest, 30-year amortization, 5-year balloon. Unit mix: (4) 1-bed / 1-bath and (4) 2-bed / 1-bath. Rents average 200-300 dollars below market, creating significant growth potential once updated. Prime North Reno location minutes from UNR, downtown, and I-80. Rare turnkey opportunity offering stability, cash flow, and value-add potential.
Features of 3601 Gypsum Road
| MLS® # | 250057305 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 0.00 |
| Acres | 0.24 |
| Year Built | 1986 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 3601 Gypsum Road |
|---|---|
| Area | 89503 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89503 |
Amenities
| Utilities | Water Meter Installed, Natural Gas Connected, Water Connected |
|---|---|
| Parking Spaces | 12 |
| Parking | On Site, Parking Lot |
| Has Pool | No |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Corner Lot, Sloped Up |
|---|---|
| Windows | Double Pane Windows |
| Roof | Shingle |
| Construction | Frame, Stucco, Wood Siding |
| Foundation | Slab |
Additional Information
| Date Listed | October 22nd, 2025 |
|---|---|
| Zoning | MF30 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Harcourts Vanguard |
|---|