About this home

Rare 3-Bedroom Fourplex Investment Opportunity off Lake Boulevard A truly unique multi-family investment opportunity, this well-maintained fourplex offers a unit mix that is extremely difficult to find in today's market. Located off Lake Boulevard, the property consists of four spacious 3-bedroom, 2-bathroom units, each featuring indoor laundry, central heating and air, a detached one-car garage, and an additional off-street parking space. Owned by the same owner for decades, the property has been consistently cared for and maintained, creating an attractive opportunity for an investor seeking a stable asset with meaningful long-term upside. The rare 3-bedroom layout provides strong tenant appeal, broader renter demand, and the potential to command premium rents compared to the more common 1- and 2-bedroom apartment inventory in the area. One of the most compelling aspects of this property is the tremendous rental upside with little to no major capital improvement needed. With the existing condition, desirable unit mix, garage parking, and strong rental fundamentals, a new owner has the opportunity to increase income over time while benefiting from a hard-to-replace asset in a convenient Redding location. The property features ample paved parking, detached garages, low-maintenance grounds, and a functional layout that supports long-term tenant retention. This is an excellent fit for investors looking for a clean, well-located fourplex with both current stability and future income growth. Opportunities like this are rarely available. With its uncommon unit mix, long-term maintenance history, and clear upside in future rents, this property stands out as a strong multi-family investment in the North State market.

Details

Year Built
1986
Exterior
Stucco
HOA
None
Days on Market
1
MLS #
26-2817

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Recently sold nearby

8 closed sales in the last 6 months

SOLD
$325,000
$285/sf · 3bd · 2ba · 1,140 sqft
855 State Street
3.84 mi away1 day ago
SOLD
$595,000
$270/sf · 3bd · 2.1ba · 2,206 sqft
7501 Fiesta Way
9.97 mi away1 day ago
SOLD
$425,000
$246/sf · 3bd · 2ba · 1,731 sqft
1050 Hillsdale Court
2.15 mi away2 days ago
SOLD
$482,000
$296/sf · 3bd · 2ba · 1,628 sqft
20151 Bonita Way
10.58 mi away3 days ago
SOLD
$640,000
$438/sf · 5bd · 3ba · 1,462 sqft
19962 Welcome Way
10.05 mi away3 days ago
SOLD
$292,000
$309/sf · 2bd · 1ba · 944 sqft
1255 Scenic Way
5.33 mi away3 days ago
SOLD
$667,000
$301/sf · 3bd · 2ba · 2,217 sqft
2765 Madison River Drive
7.24 mi away3 days ago
SOLD
$293,000
$313/sf · 3bd · 1ba · 936 sqft
3688 Polaris Way
6.44 mi away4 days ago

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Redding market right now

as of May 2026
$402,500
Median sold
68
Days on market
-6.3%
YoY price change

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Listing courtesy of Realty 110, Inc. — Nick Kerley.

MLS# 26-2817 · Last updated June 11, 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

★★★★★

This was our family's first home buying experience and we were beyond fortunate to have Nate guiding us through every step. During escrow he went to bat for us when other parties were dropping the ball. We recommend him wholeheartedly.

Zillow Review

First-time buyer, Redding · Zillow

★★★★★

Of all the real estate transactions I have participated in, this was the easiest, least stressful transaction I have ever experienced. I would recommend him to any home buyer or seller.

SL

Sherry L.

Home seller · Google

★★★★★

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

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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.