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Reno Multifamily Investment Opportunity

3596 Gypsum Rd, Reno, NV 89503

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For Sale

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Eight-unit multifamily property in Reno, near major transportation routes.

Type:Multifamily

Property size:

5,408 SF

Price / SF:

$272/SF

HighLights

Eight‑unit property consisting of two four‑plex buildings.
Convenient Reno, NV location with excellent access to Highway 395, UNR, TMCC, and McCarran Blvd.
All units are two bedrooms and one bathroom.
On‑site laundry and assigned parking available.
Many units feature GRANITE COUNTERTOPS, WHITE SHAKER CABINETS, STAINLESS STEEL APPLIANCES, MODERN LIGHTING, SUBWAY TILE BATHROOMS, newer HVAC units, and LVP FLOORING.
Opportunity to implement utility reimbursements on all units for increased income.

We can help!

Contact an agent

Ben Galles

For Sale

Contact for pricing

Eight-unit multifamily property in Reno, near major transportation routes.

Type:Multifamily

Property size:

5,408 SF

Price / SF:

$272/SF

Added:: Feb 25, 2026
Days on Market:: 122
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 3596 Gypsum Rd

General Information

Standard status: Active
Size: 5,408 SF
Property subtype: Multifamily

Building Details

Year Built: 1979

We can help!

Contact an agent

Ben Galles

Listing office CBRE Reno

Listing date Feb 25, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE Reno

HighLights

Eight‑unit property consisting of two four‑plex buildings.
Convenient Reno, NV location with excellent access to Highway 395, UNR, TMCC, and McCarran Blvd.
All units are two bedrooms and one bathroom.
On‑site laundry and assigned parking available.
Many units feature GRANITE COUNTERTOPS, WHITE SHAKER CABINETS, STAINLESS STEEL APPLIANCES, MODERN LIGHTING, SUBWAY TILE BATHROOMS, newer HVAC units, and LVP FLOORING.
Opportunity to implement utility reimbursements on all units for increased income.

Overview

The Gypsum Eight features two four-plex buildings, totaling eight units. Each unit includes two bedrooms and one bathroom, with approximately 676 square feet of living space. Located in Reno, Nevada, the property offers convenient access to Highway 395, the University of Nevada Reno, Truckee Meadows Community College, and the McCarran Boulevard thoroughfare, facilitating easy commutes for residents. Exterior amenities include on-site laundry facilities and assigned on-site parking. Interior finishes vary among the units, with many featuring granite countertops, white shaker cabinets, stainless steel appliances, modern lighting, subway tile bathrooms, newer HVAC units, and LVP flooring. Some tenants currently provide utility reimbursements, presenting an opportunity to implement this across all units.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$120.1k	$22.20
− Vacancy	−$5.1k	−$0.95
EGI	$114.9k	$21.25
− OpEx	−$34.5k	−$6.38
NOI	$80.5k	$14.88

5,408 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,452 @ 7.0% cap · market cap 5.45%

Second Best

Apartment 5plus

$998.3K

$873.5K – $1.16M (±1% cap)

NOI $69,878 @ 7.0% cap · market cap 4.74%

Theoretical Best

Office A

$1.67M

$1.46M – $1.94M (±1% cap)

NOI $116,667 @ 7.0% cap · market cap 7.91%

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

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.8290786
Latitude: 39.559831

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For sale
Quadplexes
NV
Reno
89503
3596 Gypsum Rd

What type of property is this?

Quadplex - Eight-unit multifamily property in Reno, near major transportation routes.

Where is this quadplex located?

The property is located at 3596 Gypsum Rd Reno, NV.

What is the asking price?

The asking price for this property is $1,475,000.

What are key features of this property?

This property features: Eight‑unit property consisting of two four‑plex buildings.; Convenient Reno, NV location with excellent access to Highway 395, UNR, TMCC, and McCarran Blvd.; All units are two bedrooms and one bathroom.