This well-maintained townhome-style fourplex offers an excellent investment opportunity, with each unit featuring 2 bedrooms and 1.5 bathrooms designed for functional living. Three of the four units have been updated, showcasing new flooring, two units with luxury vinyl plank (LVP) flooring throughout, some with granite countertops, and newer appliances, adding modern appeal and durability. The property included low-maintenance xeriscape landscaping and private balconies and patios for each unit, providing outdoor space without added upkeep. Major capital improvements have already been completed, including brand-new electrical panels for each unit and a new roof installed in 2024, offering peace of mind and reduced future expenses. Each unit includes one assigned covered parking space and an assigned storage room. Residents also enjoy access to a community laundry room equipped with a washer and dryer. Close to downtown, University and public transportation.
Property Details
Price:
$1,090,000
MLS #:
260000662
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Reno Foothills 1
Listed Date:
Jan 20, 2026
Total Sq Ft:
4,224
Lot Size:
11,730 sqft / 0.27 acres (approx)
Year Built:
1964
Units:
4
Reno Foothills 1ElmcrestClaytonMcqueen
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Schools
Elementary School:
Elmcrest
Middle School:
Clayton
High School:
McQueen
Interior
Appliances
Oven, Disposal, Dryer, Electric Range, Refrigerator, Washer
Current real estate data for Multi Family in Reno as of Jan 31, 2026
19
Multi Family Listed
123
Avg DOM
$914,279
Avg List Price
Property Summary
Located in the Reno Foothills 1 subdivision, 3501 Gypsum Road 3501/3503/3505/3507 Reno NV is a Multi Family for sale in Reno, NV, 89503. It is listed for $1,090,000
Courtesy of Valley Realty & Management. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Northern Nevada Regional MLS. All rights reserved.
