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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
$2,417/mo P&I
Days on Market
92
Shasta County MLS
26-2773

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Recently sold nearby

8 closed sales in the last 6 months

SOLD
$385
3bd · 2ba · 1,616 sqft
2517 Smith Avenue
0.91 mi away8 days ago
SOLD
$299,900
$249/sf · 3bd · 2ba · 1,205 sqft
4159 Meade Street
1.08 mi away13 days ago
SOLD
$275,000
$294/sf · 3bd · 1ba · 936 sqft
2422 Walton Avenue
1.74 mi away14 days ago
SOLD
$294,500
$228/sf · 3bd · 2ba · 1,289 sqft
3533 Park Street
1.80 mi away15 days ago
SOLD
$304,000
$292/sf · 3bd · 1.1ba · 1,040 sqft
1828 Cabello Street
0.75 mi away19 days ago
SOLD
$530,000
$305/sf · 4bd · 2ba · 1,740 sqft
4464 Hillington Court
1.33 mi away19 days ago
SOLD
$380,000
$255/sf · 3bd · 2ba · 1,489 sqft
3226 Dartford Drive
1.65 mi away20 days ago
SOLD
$185,000
$214/sf · 2bd · 1ba · 864 sqft
1855 Ashby Road
1.26 mi away29 days ago

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Estimated monthly payment

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/ mo P&I

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Location & Proximity

This Home Schools Water Nature Urban Mountain

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Shasta Lake market right now

as of August 2026
$299,900
Median sold
101
Days on market
-9.8%
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 September 3, 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.

$459,900$2,417/mo est.
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