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About this home

Excellent investment opportunity with strong cash flow, significant recent upgrades, and upside potential. This well-maintained fourplex features a desirable unit mix of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, currently generating $3,725 per month in rental income. Current rents are believed to be below market, offering investors the opportunity to increase income over time while benefiting from an established tenant base that includes several long-term tenants. Major capital improvements help keep maintenance costs low, including a new roof installed in 2025, two new HVAC systems installed in 2025 and 2026, and one unit that was completely remodeled in 2023. Additional amenities include an on-site laundry room, three garage spaces, and four covered carport parking spaces, providing convenience and value for tenants. Ideal for both investors and owner-occupants, this property offers the opportunity to live in one unit while rental income from the remaining units helps offset ownership costs. With long-term tenants, a solid rental history, low-maintenance improvements, and potential for future rent growth, this property presents an attractive combination of stability, income, and upside. Conveniently located in Shasta Lake City with easy access to Interstate 5, shopping, dining, and outdoor recreation. A rare opportunity to acquire a turn-key multi-family property with strong fundamentals, pride of ownership, and future income potential.

Details

The Home

Year Built
1980

Outside

Exterior
Wood Siding

Ownership Costs

HOA
None
Est. Payment
$2,522/mo P&I
Days on Market
47
Shasta County MLS
26-2773

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Recently sold nearby

8 closed sales in the last 6 months

SOLD
$255,000
$197/sf · 3bd · 2ba · 1,296 sqft
1921 Montana Avenue
1.03 mi away3 days ago
SOLD
$329,900
$312/sf · 3bd · 1ba · 1,058 sqft
1009 Eugene Avenue
0.71 mi away4 days ago
SOLD
$375,000
$176/sf · 3bd · 2ba · 2,130 sqft
2147 Montana Avenue
1.07 mi away4 days ago
SOLD
$125,000
$89/sf · 2bd · 2ba · 1,400 sqft
2111 Vallecito Court
0.78 mi away6 days ago
SOLD
$345,000
$191/sf · 4bd · 3ba · 1,806 sqft
1660 Ashby Road
1.22 mi away9 days ago
SOLD
$319,900
$293/sf · 3bd · 2ba · 1,092 sqft
4420 La Mesa Avenue
0.82 mi away16 days ago
SOLD
$349,500
$281/sf · 3bd · 2ba · 1,245 sqft
4749 Fort Peck Street
0.53 mi away17 days ago
SOLD
$340,000
$286/sf · 3bd · 2ba · 1,190 sqft
5309 Akrich Street
0.83 mi away18 days ago

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Location & Proximity

This Home Schools Water Nature Urban Mountain

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Shasta Lake market right now

as of June 2026
$337,450
Median sold
71
Days on market
+18.0%
YoY price change

See full Shasta Lake market report →All Shasta Lake homes for sale →

Listing courtesy of Waterman Real Estate — Justin W Jones.

Shasta County MLS #26-2773 · Last updated July 9, 2026

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What Clients Say

Real reviews from Shasta County families

5.0★★★★★ 53 five-star reviews — 27 on Google · 26 on Zillow

★★★★★

Mr. Cross did a comprehensive search for a home for my family. Unlike other realtors we've dealt with, most every property Nathan showed us ended up being something we were interested in. He never lost his patience.

Zillow Review

Home buyer · Zillow

★★★★★

Nathan took the time and set up opportunities to view quite a few homes before I found the house I wanted. Nate was great with negotiating a solid deal in a competitive market. I was grateful to have him in my corner.

RC

Randall C.

Home buyer, Redding · Google

★★★★★

I loved working with Nathan. He listened and provided exactly what my husband and I desired. My first home buying process was very complicated but Nathan was with me every step of the way.

Zillow Review

First-time buyer · Zillow

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Listing data is provided courtesy of the Shasta Association of REALTORS® MLS. Information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor Nathan Cross, Realtor shall be responsible for any typographical errors, misinformation, or misprints. © Shasta Association of REALTORS®. All rights reserved.

$479,900$2,522/mo est.
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