Homes with Expansion Potential
This unique residential income property presents a fantastic opportunity for investors! Situated in a prime location near shopping, transportation, and essential amenities, this offering includes three separate homes and a spacious lot that may allow for future expansion.
The main home features three bedrooms, 1.5 baths, a fenced yard, a carport, and additional storage, making it an ideal rental or owner-occupied residence. The two additional homes each offer two bedrooms and one bath, providing comfortable living spaces for tenants.
All three homes were updated four years ago with new roofs, flooring, and fresh paint, ensuring a modern and well-maintained living environment for tenants.
With multiple rental units already in place and the potential for further development, this property is a rare find in today's market. Don't miss this chance to own a versatile investment with excellent income potential!
Under contract
Price cut: $24K (5/16)
$500,000
1535 E Cypress Ave, Redding, CA 96002
--beds
--baths
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$476,800 Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yardSpacious lotAdditional storage
- 171 days
- on Zillow |
- 51 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 09:04am
Listed by:
Coldwell Banker Select Real Estate - Redding
Source: SMLS,MLS#: 25-594

Travel times
Facts & features
Interior
Cooling
- Has cooling: Yes
Features
- Has basement: No
Property
Parking
- Parking features: Assigned, Off Street
Features
- Stories: 1
Details
- Parcel number: 067460003000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
Community & HOA
Location
- Region: Redding
Financial & listing details
- Tax assessed value: $516,038
- Annual tax amount: $5,732
- Date on market: 2/14/2025
- Listing terms: Cash,FHA/VA
- Ownership: Seller
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