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3306 Alexander Drive

Redding, CA 96002
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Alexander Townhomes is a pride-of-ownership 24-unit multifamily community located at 3260 & 3306 Alexander Drive in Redding, California. Constructed in 1972, the property features an attractive unit mix of (23) two-bedroom / one-bath units and (1) three-bedroom / one-and-a-half-bath unit, each offering functional townhouse layouts. Each unit features vinyl plank flooring, updated lighting and electrical fixtures, and solid wood kitchen cabinetryfinishes that enhance overall consistency, maintainability, and pride of ownership throughout the property. Alexander Townhomes benefits from a highly desirable, family-oriented location adjacent to Rother Elementary School and within close proximity to Parsons Junior High and Enterprise High School, supporting consistent rental demand from familie s and local educators. Redding's multifamily market is characterized by limited supply, vacancy rates near 3.5%, and steady demand, with minimal new construction reinforcing a stable and affordable rental environmentparticularly within the workforce housing segment. These favorable fundamentals underpin long-term rent growth potential, operational resilience, and overall investment stability. The next owner will acquire a well-maintained asset with in-place cash flow and clear upside potential, requiring limited near-term capital expenditures.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,250,000

AD Id : 79277048

MLS Id : 226066501

Living Area Size : 18,300

Year Built : 1972

County : Shasta

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Laminate, Luxury Vinyl Plank
  • Interior Features

    Appliances: Gas Water Heater, Electric Cook Top, Tankless Water Heater, Free Standing Electric Oven, Free Standing Electric Range Laundry Features: Coin Operated, Washer/Dryer Leased, In Common Area
  • Heating & Cooling

    Heating: Central Cooling: Central WaterSource: Water District, Public

  • Building Information

    Year Built: 1972 Stories: 2 Construction Materials: Wood Foundation Details: Slab
  • Exterior Features

    Foundation Details: Slab
  • Laundry Features

    Coin Operated, Washer/Dryer Leased, In Common Area

  • Lot Information

    Lot Description: Cul-De-Sac, Sidewalk, Landscape Front Lot Square Feet: 46,609 Main Square Feet: 18,300

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 18,300 Construction Materials: Wood Property Age: 54 Cross Street: Shirley Ln Source Neighborhood: Shasta County Area: Redding S: 96002 Zoning: RM Living Area Source: Broker Structure Type: Apartments

    Farm Info

    Irrigation Source: Public District

  • Listing Price Information

    Listing Id: 226066501 List Price: $3,250,000 List Price Tot SqFt: $178

  • Tax Information

    Parcel Number: 068-120-062-000

  • Parking Information

    Open

  • Elementary School District: Enterprise Elementary
    Junior High School District: Enterprise Elementary
    Senior High School District: Shasta Union High
  • Utility Information

    Electric, Natural Gas Connected
  • Location Information

    Direction: Churn Creek to Shirley to Alexander.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Brittany Drive, Redding, CA, 96002 $739,000 4 3 2,747 2,747 SqFt
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Goleta Ct, Redding, CA, 96002 $438,888 3 2 1,609 1,609 SqFt
5101 Mclaren Drive, Redding, CA, 96002 $455,000 4 2 1,823 1,823 SqFt
Amigo Way, Redding, CA, 96002 $425,000 4 2 1,743 1,743 SqFt
Galaxy Way, Redding, CA, 96002 $360,000 3 2 1,106 1,106 SqFt
1613 Galaxy, Redding, CA, 96002 $599,000 4 3 2,249 2,249 SqFt

ByOwner last updated this listing 06/04/2026 @ 01:18

MLS: 226066501 LISTED BY: Isaac Merritt, ALIVE Commercial Real Estate SOURCE: MLS Metrolist

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