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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

The Home

Year Built
1986

Outside

Exterior
Stucco

Ownership Costs

HOA
None
Est. Payment
$3,306/mo P&I
Days on Market
46
Shasta County MLS
26-2817

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Recently sold nearby

8 closed sales in the last 6 months

SOLD
$395,000
$249/sf · 3bd · 2ba · 1,586 sqft
3790 Indio Way
5.67 mi away3 days ago
SOLD
$275,000
$232/sf · 3bd · 1ba · 1,184 sqft
790 Gold Street
3.36 mi away3 days ago
SOLD
$369,000
$244/sf · 3bd · 2ba · 1,513 sqft
608 Saint Thomas Parkway
2.51 mi away3 days ago
SOLD
$330,000
$313/sf · 3bd · 2ba · 1,056 sqft
1439 Harpole Road
5.83 mi away3 days ago
SOLD
$573,895
$264/sf · 4bd · 2.1ba · 2,174 sqft
3239 Lowland Avenue
8.40 mi away4 days ago
SOLD
$450,000
$233/sf · 4bd · 2ba · 1,929 sqft
1566 Lavender Way
5.05 mi away4 days ago
SOLD
$580,000
$152/sf · 5bd · 4.1ba · 3,811 sqft
3330 Scenic Drive
2.69 mi away4 days ago
SOLD
$390,000
$203/sf · 4bd · 2.1ba · 1,918 sqft
4185 Meander Drive
4.02 mi away5 days ago

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Estimated monthly payment

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Location & Proximity

This Home Schools Water Nature Urban Mountain

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Redding market right now

as of June 2026
$405,000
Median sold
70
Days on market
-3.6%
YoY price change

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

Shasta County MLS #26-2817 · Last updated July 21, 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.

$629,000$3,306/mo est.
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