4
Magnolia Multifamily Homes & Duplexes for Sale
About Magnolia
Magnolia, a neighborhood in Redding, is known for its charming older homes and walkability to Downtown Redding, which is about a mile away. The area features homes built from the 1920s to the 1950s, offering a variety of architectural styles including Craftsman bungalows, cottages, Spanish, prairie, and Tudor influences. These homes often come with generous yard space and mature trees, providing ample privacy and a unique character. Magnolia Park, centrally located, serves as the main recreational space with an open lawn, playground, and basketball court. The Sacramento River Trail, less than a mile north, offers additional outdoor activities. The neighborhood is part of the Redding Elementary School District and the Shasta Union High School District, both of which have high ratings. For dining, residents often walk to Downtown Redding, where popular spots like Vintage Public House and Damburger are located. Grocery shopping is convenient with a Safeway just over a mile away and Mt. Shasta Mall 4 miles west. While Redding is far from major cities, Magnolia's central location makes local commuting easy, with Sacramento being the closest major city at 160 miles south. Redding Regional Airport, 10 miles south, offers flights to major cities like San Francisco, Seattle, and Los Angeles. Despite the region's susceptibility to wildfires, Magnolia's city center location reduces the risk of fire damage.
Home Trends in Magnolia, CA
On average, homes in Magnolia, Redding sell after 23 days on the market compared to the national average of 47 days. The average sale price for homes in Magnolia, Redding over the last 12 months is $330,408, down 5% from the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$322,500
Median Single Family Price
$325,000
Average Price Per Sq Ft
$249
Number of Homes for Sale
4
Last 12 months Home Sales
24
Months of Supply
2.00
Median List Price
$335,000
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
-3%
In Magnolia, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $395,000 to $864,000, there's something for every budget. As of April, 2025 the median home price in Magnolia, Redding is $335,000, while the average sale price is $330,408, providing insight into local market trends. On average, multi-family homes spend 23 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Magnolia, Redding.
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