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550 Parsons Drive

Redding, CA 96002
  • $579,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: 25-5273
UPDATED: 52 min ago
$579,000
  • 3
    BEDS
  • 0.39
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 1,040
    SQFT
  • $557
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1972
County:

School Ratings & Info

Description

Situated in a prime central Redding location, this multifamily property features three detached homes on one lot with strong rent appeal and excellent investment potential. With a current scheduled gross income of $70,800 annually, this asset functions like a turnkey triplex but with the added benefit of three stand-alone residences, each offering privacy and strong tenant demand. Two homes are 1,040 sq. ft. and the third is 840 sq. ft., and every unit includes 3 bedrooms, 1.5 baths, a private carport, indoor laundry hookups, and central heat and air, Roofs on units 550 & 552 were replaced in 2020. All homes are fully electric and connected to City of Redding water, sewer, and utilities. Just minutes from the Costco Shopping Center.

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IDX information © 2026 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2026-01-17T09:58:15.95.

Licensed in the State of California.
www.shastacountypropertiesforsale.com/homes/171072481
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550 Parsons Drive Redding, CA 96002

  • Price: $579,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 52 min ago
  • ID#: 25-5273
3
Beds
3
Baths
1
½ Baths
0.39
Acres
1,040
SQFT
$557
$/SQFT
1972
Built
Neighborhood:
03 - Redding Se
County:
Shasta
Area:
03 - Redding Se
Property Description
Situated in a prime central Redding location, this multifamily property features three detached homes on one lot with strong rent appeal and excellent investment potential. With a current scheduled gross income of $70,800 annually, this asset functions like a turnkey triplex but with the added benefit of three stand-alone residences, each offering privacy and strong tenant demand. Two homes are 1,040 sq. ft. and the third is 840 sq. ft., and every unit includes 3 bedrooms, 1.5 baths, a private carport, indoor laundry hookups, and central heat and air, Roofs on units 550 & 552 were replaced in 2020. All homes are fully electric and connected to City of Redding water, sewer, and utilities. Just minutes from the Costco Shopping Center.
Exterior Features

Foundation Details Raised Parking Features Off Street Pool Features [] Roof Composition Stories 0 Story One Yes

Interior Features

Basement [] Cooling Central Dining Dining Area Yes Fireplace Features [] Flooring [] Heating Forced Air Interior Features [] Kitchen Counter Tops Solid Surface Kitchen Range Oven Yes Laundry Features [] Rooms Total 0

Property Features

Architectural Style Traditional Association Amenities [] Association Fee 0 Association YN No Available Terms Conventional True Community Features [] Construction Materials Wood Siding Electric [] Green Energy Generation [] Levels One Listing Terms Conventional LoanAll Cash to SellerCashCash to New LoanFHA/VAFHAVA Lot Description Level Yes Lot Features Level Other Structures [] Possible Use [] Property Condition [] Property Sub Type Single Family Residence Road Surface Type Gravel Security Features [] Sewer Sewer Special Listing Conditions [] Utilities [] View None Water Source Public Waterfront Features [] Year Built Details 30+

Listing provided courtesy of Kevin Rhoderick of eXp Realty of California, Inc.: 888-584-9427.


IDX information © 2026 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2026-01-17T09:58:15.95.

Licensed in the State of California.
 
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Waterman Real Estate
1760 Churncreek Rd
Redding CA, 96002