Discover a unique opportunity with this delightful downtown Redding property featuring TWO homes on one lot, perfect for Investor or Owner-Occupant! Each home has 2 beds, 1 bath, with approx. ~924 sf (#1259) and ~882sf (1261). Enjoy the vintage allure of the 1930s design, each complete with beautiful hardwood floors, coved ceilings, and lovely rounded architectural details.Rent out both OR live comfortably in one of the homes and rent the other! 1259 Magnolia features a mini-split A/C/Heat upgrade with multizone control (2017), while 1261 Magnolia has a recent HVAC system (2021). 1259 has all and 1261 has nearly all low-e windows for max efficiency, along with individual REU power and water meters. Each has its own cozy backyard with plenty of gardening opportunity, along a small garage, perfect for storage and a compact car. Nestled in the desirable Magnolia area, you'll be within walking distance to downtown amenities, parks, and local charm. This is a rare chance to enjoy the best of both worlds: a home of your own plus a built-in income stream.