Skip To Content

550 Parsons Drive

Redding, CA 96002
  • $579,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: 25-5339
UPDATED: 74 min ago
$579,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
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.

Monthly Payment Calculator



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: 2026-01-17T19:58:14.267.

Licensed in the State of California.
www.search530.com/homes/171240791
Print Image

550 Parsons Drive Redding, CA 96002

  • Price: $579,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 74 min ago
  • ID#: 25-5339
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
N/A
County:
Shasta
Area:
03 - SE Redding
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

Carport YN Yes Parking Features [] Stories 1

Interior Features

All Units Include Air Conditioner Yes Cooling Central

Property Features

Construction Materials Wood Siding Listing Terms All Cash to SellerCashCash to New LoanFHA/VASubmit Ownership Seller Property Sub Type Residential Income Special Listing Conditions [] Unit Type Triplex Yes

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: 2026-01-17T19:58:14.267.

Licensed in the State of California.
 
https://bt-photos.global.ssl.fastly.net/shasta/1280_boomver_1_25-5339-2.jpg https://bt-photos.global.ssl.fastly.net/shasta/1280_boomver_1_25-5339-2.jpg https://bt-photos.global.ssl.fastly.net/shasta/1280_boomver_1_25-5339-2.jpg
Logo
Waterman Real Estate
1760 Churn Creek Rd.
Redding CA, 96002