3306 Alexander Drive, Redding, CA 96002
- $3,250,000
- 18,300
- SqFt
- List Price
- $3,250,000
- MLS#
- 226066501
- Status
- ACTIVE
- Living Sq. Ft
- 18,300
- Type
- Single Family Residential
- Zip
- 96002
- City
- Redding
Property Description
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 families 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.
Additional Information
- Land Area (Acres)
- 1.07
- Year Built
- 1972
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Wood
- Foundation
- Slab
- Garage
- Open
- Floor Coverings
- Laminate, Luxury Vinyl Plank
- Laundry Description
- Coin Operated, Washer/Dryer Leased, In Common Area
- Kitchen Appliances
- Gas Water Heater, Electric Cook Top, Tankless Water Heater, Free Standing Electric Oven, Free Standing Electric Range
- Cooling
- Central
- Heat
- Central
- Water
- Water District, Public
- Utilities
- Electric, Natural Gas Connected
- Sewer
- Public Sewer
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Listing courtesy of from ALIVE Commercial Real Estate
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .