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    3976 Neil Rd Reno, NV 89502

    For Sale
    $850,000

    MULTI_FAMILY - Reno, NV

    Property size:
    3,712 SF
    Lot size:
    0.16 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 3976 Neil Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows, Vinyl Frames
    Zoning
    MF30
    Rooms
    Bathroom 1, Bathroom 2
    APN
    020-332-15
    Parking features
    Assigned
    Patio and Porch features
    Patio, Deck
    Interior features
    Ceiling Fan(s)
    Appliances
    Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Washer
    Size
    3,712 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Wood Siding
    Roof type
    Composition, Shingle

    Chase International Real Estate (866) 889-4817 [email protected]

    Listing agent Erin Villalobos (775) 813-2572 License #S.180373

    Listing date Nov 7, 2025

    MLS# 250057485 Listing URL

    Copyright © 2025 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Reno Multifamily Investment Opportunity

    This fourplex property, located in Reno, NV, has been fully remodeled approximately 7 years ago. Remodeling included LVP flooring, cabinets, baseboard heaters, appliances, new Pella windows, and AC wall units. The property is fully occupied and generates $5,000 per month in rental income, plus an additional $236 per month for utility reimbursement covering sewer and trash. The gross cap rate is 7.3 percent before expenses. The building has a total area of 3,712 square feet and sits on a 0.16-acre lot. The property is zoned MF30.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.779064
    Latitude
    39.48778

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    FAQs

    What type of property is this?
    Quadplex - Remodeled fourplex in Reno with strong income potential.
    Where is this quadplex located?
    The property is located at 3976 Neil Rd Reno, NV.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully occupied 4-plex generating $5000+ per month plus $236 utility reimbursement.; - Gross cap rate of 7.3% before expenses.; - Completely remodeled approximately 7 years ago, including LVP flooring, cabinets, baseboard heaters, appliances, and Pella windows.
    (775) 813-2572
    Request Owner's contact information
    3976 Neil Rd Reno, NV 89502
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    Reno, NV 89502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3976 Neil Rd Reno, NV 89502
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