Alexander Townhomes Multifamily
3260 Alexander Dr, Redding, CA 96002
Well-maintained 24-unit multifamily property in Redding, California.
Type:Multifamily
Property size:
18,300 SFPrice / SF:
$177/SF- Added:
- May 15, 2026
- Days on Market:
- 18
- Last Refresh:
- May 16 at 8:50 pm
Property Features for 3260 Alexander Dr
General Information
- Standard status
- Active
- Size
- 18,300 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agent Spencer Moyer License #CA 01940191
Listing office ALIVE Commercial Real Estate
Listing date May 15, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ALIVE Commercial Real Estate
HighLights
- 24‑unit multifamily community with attractive townhouse layouts.
- Updated units featuring vinyl plank flooring, updated lighting and electrical fixtures, and solid wood kitchen cabinetry.
- Located adjacent to Rother Elementary School and close to Parsons Junior High and Enterprise High School.
- Redding's multifamily market characterized by limited supply and low vacancy rates.
- Well‑maintained asset with in‑place cash flow.
- Minimal near‑term capital expenditures required.
Overview
Alexander Townhomes, built in 1972, is a 24-unit multifamily community located on Alexander Drive in Redding, California. The property consists of twenty-three two-bedroom, one-bath units and one three-bedroom, one-and-a-half-bath unit, each with townhouse layouts. Units feature vinyl plank flooring, updated lighting and electrical fixtures, and solid wood kitchen cabinetry. The property is in a family-oriented location adjacent to Rother Elementary School and near Parsons Junior High and Enterprise High School. The multifamily market in Redding has limited supply, vacancy rates near 3.5%, and steady demand, with minimal new construction. This supports a stable and affordable rental environment, particularly within the workforce housing segment, and underpins long-term rent growth potential, operational resilience, and overall investment stability. The property is a well-maintained asset with in-place cash flow and upside potential, requiring limited near-term capital expenditures. The property size is 18,300 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $384.3k | $21.00 |
| − Vacancy | −$20.4k | −$1.11 |
| EGI | $363.9k | $19.89 |
| − OpEx | −$163.8k | −$8.95 |
| NOI | $200.2k | $10.94 |
18,300 SF · lease $21.00/SF/yr · vacancy 5.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.86M
$2.50M – $3.34M
NOI $200,163 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.07M
$3.56M – $4.75M
NOI $285,195 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.357068
- Latitude
- 40.5600567
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 24-unit multifamily property in Redding, California.
Where is this apartment building located?
The property is located at 3260 Alexander Dr Redding, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 24‑unit multifamily community with attractive townhouse layouts.; Updated units featuring vinyl plank flooring, updated lighting and electrical fixtures, and solid wood kitchen cabinetry.; Located adjacent to Rother Elementary School and close to Parsons Junior High and Enterprise High School.
