Blending functionality with tenant-friendly features, this four-plex stands out as a promising investment. Each of the four units features a 2 bedroom, 1 bath layout with a spacious living room that flows into a bright dining space, which offers access to a cozy outdoor area for a touch of fresh air. Residents enjoy the convenience of in-unit laundry and ample parking, all set back from the main road for added privacy. With appealing amenities and practical design, this property is well-suited to attract and retain tenants, delivering steady rental income and long-term investment potential.
5-unit multifamily property located in Chico, CA. Built in 1945, the property is comprised of (1) studio, (3) one-bedroom one-bathroom, and (1) two-bedroom one-bathroom floor plans. The building is comprised of a wood exterior, pitched composition shingle roof and wall air-conditioning units. There is also a shared laundry room on the lower???????????????????????????????????????? floor.
Opportunity is knocking! This beautifully maintained triplex presents an excellent investment opportunity for those looking to earn extra income and grow their real estate portfolio. Each unit boasts a spacious living area that offers room for relaxation and entertaining, along with a well-sized kitchen perfect for preparing your favorite meals and culinary creations. Sunlight streams through ample windows, creating a warm and inviting atmosphere throughout. Each unit features a comfortable bedroom designed for restful nights and a well-appointed bathroom that suits any morning routine. One unit has the convenience of a private laundry room, while the other two share a laundry space with separate entrances, ensuring convenience and privacy for all. Tenants will appreciate the comfort of off-street parking, adding an extra layer of convenience and security. In addition to its practical amenities, this triplex has been thoughtfully updated to incorporate modern conveniences while preserving its original charm, making it a true gem. With a long list of features and promising rental income potential, this property is a unique opportunity you won't want to miss. Whether you’re a seasoned investor or new to the market, this triplex has everything needed to make a great addition to any portfolio."
Located just steps away from Chico State University, this property creates an outstanding investment opportunity that you will not want to let slip through your fingers. The building consists of four well-maintained units, thoughtfully designed with two on the upper level and two on the lower level. Each unit features two spacious bedrooms and a full bathroom, providing tenants with comfortable living arrangements. In addition to its strategic location and well-designed units, the property offers off-street parking at the rear, adding convenience and security for residents. A storage shed is also available, providing additional utility for tenants. With a history of reliable tenancy, this 4-plex is an appealing opportunity for investors seeking a property with consistent cash flow potential. Overall, this property is a must-see for those looking to add a valuable and low-maintenance asset to their portfolio in a prime college town location. Don’t miss out on this chance to secure a dependable investment with strong long-term appeal.
Excellent opportunity to acquire the most affordable duplex in Chico! Each unit is a 1 bed/1 bath with open living room and kitchen. There is a shared onsite laundry facility. Large fenced backyard. Low maintenance Stucco exterior and comp roof. Unit B is available for immediate lease at market rate or owner occupancy. The occupant of unit A has an agreement in place to vacate on or before January 7th, 2025. Separate electrical and gas meters. Owner pays water, sewer and trash. Great opportunity for an owner occupant or investment.
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
In the heart of Chico’s bustling college community, this 3 bedroom, 1 bath home presents an excellent investment for those seeking reliable rental income, with prime access to both campus and downtown. Featuring spacious common living areas, a functional kitchen, attic storage, and a convenient laundry room, this home blends comfort with practicality. The private fenced backyard adds appeal, and the low-maintenance landscape ensures easy upkeep. With its desirable location this property is well-positioned to attract consistent rental demand and offer long-term success.
Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of ownership asset with an attractive going-in yield.
Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.
Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of ownership asset with an attractive going-in yield.
Hard to find triplex with each unit having it's own 2 car garage, laundry facilities and fully functional units! If you re looking for multi-generational living this tri-plex could work for you AND provide additional income! There is a 3 bedroom unit at the front of this building, then 2 bedroom, 2 bath units behind it. The long driveway accesses both of those garages and front doors! Recent updating to plumbing, a kitchen stove, a heater have been completed. Seller has owned this for many years, it was a great income opportunity for them, it can be for you as well! Don't miss the chance to earn income and have a living space for yourself, this can be a money maker, or your first opportunity to get in to your first home!
Duplex. Step into the perfect blend of vintage charm with this beautifully renovated multi-family property. A great investment opportunity situated in Downtown Chico and just minutes away from Bidwell Park. Featuring thoughtful upgrades throughout, each unit seamlessly blends modern amenities with the home's original charm and has been refreshed with contemporary finishes while maintaining the character and architectural details of its era. What makes this property even more special? **It comes fully furnishedwhat you see is what you get!** Each unit is move-in ready with stylish, carefully selected furniture that perfectly complements the space, offering added value and convenience. The downstairs unit boasts 3 bedrooms and 1 bathroom, while the upstairs unit features 2 bedrooms, 1 bathroom, and a private balconyperfect for enjoying outdoor space. Enjoy spacious living areas filled with natural light, upgraded flooring, updated kitchens with new appliances, and modern bathrooms that combine both style and comfort. Ideal for investors or owner-occupiers, this property offers income potential with separate entrances and utilities for each unit. Located in a desirable neighborhood, you're just minutes away from local amenities, schools, parks, and public transport 916 947 9228
Turnkey Investment - 8 Cottage Homes in the Heart of Chico This beautifully remodeled multifamily investment is a prime opportunity for investors looking for long-term value and stable cash flow. The property consists of 8 entirely renovated cottages (2018), modern interiors featuring luxury vinyl plank (LVP) flooring and granite countertops. Located in an ideal central Chico location, just three blocks from the scenic Bidwell Park and and a short distance to downtown and CSU Chico. 1/2 mile to Hwy 99. This property is perfect for attracting long-term tenants who enjoy the convenience and a great lifestyle. Cottages offer more privacy and space compared to traditional apartment buildings, making tenants willing to pay a premium for for these perks. Key Features: 8 Cottages: All homes underwent a comprehensive remodel in 2018, including new concrete foundations, electrical, plumbing, framing & insulation, Drywall, Hardie Plank exterior siding, doors and windows, efficient mini-split heat/AC, and new composite roofing along with modernized interiors and premium finishes. A separate new (2019) 480 square foot building housing 6 Storage units at below market rates and a coin laundry provides additional income and tenant convenience. Long-term tenants with a historic vacancy rate of 2% ensures consistent rental income. Tenant Desirability. Beautiful common area courtyard between units with some units featuring private yards. Dual street access from both E 9th Street and Willow Avenue, with ample parking available. Low maintenance cost as everything is nearly new. Investment Highlights: Rents below market value, offering upside potential. Appraised at $1.5 million, making this a fantastic deal at $1,295,000. 6% cap rate, 11 GRM, providing a solid return on investment. Stable Income with less than 2% vacancy. Less intensive management needs compared to apartment buildings due to no shared walls, and long-term leases already in place. This property has been meticulously maintained and offers investors a turnkey solution with immediate cash flow. Don’t miss out on this exceptional opportunity to own a prime piece of real estate in one of Chico’s most desirable areas. Drive by only. Do not disturb tenants. Please don't go on the property without an appointment. Ask to view the Offering Memorandum.
Morseman Village duplex. 893 and 895 Netters Circle Long term tenants . Nice feel to the neighborhood with all mowed front lawns and tree lined streets. HOA is $150 a month and includes front landscaping . This is a subdivision of duplex’s . This duplex has a 2/1 and 2/2 and both have single car garages and fireplaces . NO showings until accepted offer . Units have been updated with paint and carpet . This duplex is on .32 of and acre and each unit has large back yard. These units have upgraded . Rents are $1450 and $1800 , GSI $39,000
Morseman Village duplex. 893 and 895 Netters Circle Long term tenants . Nice feel to the neighborhood with all mowed front lawns and tree lined streets. HOA is $150 a month and includes front landscaping . This is a subdivision of duplex’s . This duplex has a 2/1 and 2/2 and both have single car garages and fireplaces . NO showings until accepted offer . Units have been updated with paint and carpet . This duplex is on .32 of and acre and each unit has large back yard. These units have upgraded . Rents are $1450 and $1800 , GSI $39,000
Location! Location! Location! Don't miss this once in a lifetime Chico investment property centrally located in one of the most beautiful and beloved neighborhoods in Chico. This property has been designed as a luxury rental and/or Airbnb. Filled with beautiful furniture, appliances, and extra linens that maybe sold separately. This is perfect for anyone looking to buy a fully set up Airbnb. Guests will enjoy Saturday morning Farmer's Market, Bidwell Park, dinners in downtown , or coffee at the local coffee shop. When you enter this stunning home you will be greeted with beautiful wood floors that open to a large open floor plan with bay windows that look into a gorgeous English garden filled with natural light. The living room has plenty of room for entertaining with the formal dining room leading to the kitchen. The kitchen is open to the family room, laundry room and backyard where kids can play. This kitchen has it all: coffee bar, kitchen bar, built-in cabinets, TV, large refrigerator, ceilings fans and lots of upgrades for your modern living. All 5 bedrooms are beautifully decorated, spacious and provide additional built-ins for all your wardrobe or storage needs. The backyard has a secluded hot tub to relax after a long days work with twinkle lights, fire pit and a nice seating area to enjoy a beautiful starry night with loved ones and friends. It is great for entertaining or for privacy to enjoy your morning or evening beverage relaxing in the garden area. There is plenty of room inside and outside for the entire family to have their own space as well as a four-legged pet to roam around and play. This is a one investment property you don't want to miss out on. Call for a private viewing today.
***Two Properties on one LOT*** Come check out this amazing investment opportunity. This unique location features two separate homes, with the main home having 2 bedrooms and 1 ½ bathrooms, and can be found situated in the front of the property. The second home is a newly added ADU situated at the back of the property. Each home has its own separate yard space, completely fenced off for privacy. The main home has had the downstairs bathroom redone, new flooring throughout the entire home, and has been completely repainted not only in the interior of the home but the exterior as well. This home is move-in ready, come check it out!! Don’t miss out on this great opportunity!
This duplex presents a fantastic investment opportunity with the potential to live in one unit and rent out the other, or lease the entire property to maximize your cash flow. Each unit features a great floorplan with 3 bedrooms and a full bath, complete with a separate vanity and sink area upstairs, plus a convenient half bath downstairs. The charming and updated kitchens feature granite countertops and peninsula counters for extra cooking space. Step through the kitchen sliders into your expansive private backyard, featuring mature landscaping, fruit trees, and covered patios. One unit even includes a wonderful in-ground pool, perfect for hot summer days, along with a newer HVAC system and water heater. Other features include indoor laundry, 2-car garage for each unit, lots of storage with a large pantry and linen closets. Each unit has a separate gas and electric meter. Located in a prime area, this property is an exceptional find!
Step into this charming 1940s home, set on nearly an acre with endless possibilities—just moments from CSU Chico. This 3-bedroom, 2-bath gem exudes original character, creating a nostalgic feel throughout. Inside, the welcoming family room features a lovely wood ceiling and a cozy wood-burning stove, perfect for cooler evenings. The spacious kitchen invites culinary creativity, while two comfortable bedrooms downstairs offer easy living. The large front room, reimagined for its rental years, now provides additional space with two extra rooms. Venture upstairs to discover a clever attic conversion, adding a unique third bedroom. Stay comfortable year-round with central heat and air, ceiling fans, and a whole house fan to keep things cool. The indoor laundry/mud room offers convenience, with direct access to the second full bathroom near the carport entrance. The fenced backyard features concrete patios, a shade structure, garden space, and access to the single-car detached garage. This home previously rented for $2,500 per month, highlighting its excellent value and potential. The gated and graveled parking area presents excellent development opportunities, with city-approved plans for 16 two-bedroom units already in place. All entitlements have been secured, making it ready to go for immediate development. Whether you’re looking to expand, build, or simply enjoy the space, this property offers a rare opportunity to create your vision!
Welcome to this charming property offering a perfect blend of residential comfort, multi-residential possibilities, and entrepreneurial opportunities! Situated on a spacious quarter-acre lot, this home features 3 bedrooms, 2 bathrooms, Owned Solar and ample space for both living and working. The property is uniquely zoned for both office, residential or multi-residential use. With a lot size exceeding 10,000 square feet, a lot split is likely possible; or keep it as one lot and add multiple rental units to increase income potential. Living room has drop-down projection screen and is wired for surround sound. Outside, the expansive ~quarter-acre lot provides endless opportunities for outdoor activities, gardening or even expanding the property to suit your needs. Yard has Peach, Persimmon and Pomegranate trees. Whether you envision a serene backyard retreat, a bustling home office with ample parking or a multi-unit property providing passive income, this property has the potential to bring your dreams to life. Located in a desirable area, this property offers a nice balance of serenity and accessibility. East Avenue is home to a wealth of amenities, with grocery stores, restaurants, schools, coffee shops, transportation and more, just a stone's throw away. Everything you need is conveniently located within reach, making daily errands a breeze and ensuring that you're never far from the essentials. Don't miss out on this one-of-a-kind opportunity to make this property your own!
Remodeled tri-plex located close to Downtown Chico, Chico State, shopping and restaurants! Each townhouse style unit is 1,300 sqft and features 3 bedrooms and 3 bathrooms. Inside you will find the living room with all newer vinyl plank flooring and cozy fireplaces with classic brick surround. The kitchens have white appliances, including a newer dishwasher, gas stove, range, fridge and garbage disposals. Other updates include tile flooring in the bathrooms and all newer paint, baseboards and fans in every room. Each unit also features a private fenced patio, plenty of storage, central heat and air, washer and dryer, and off street parking. Property is professionally managed and all units are leased to June 2025.
Submit your offer! Seller will consider all offers! Classic Chico Home Steps to CSUC and Downtown. This 5 bedroom 2 bath home has been an excellent college rental. Why manage 4 units when you can collect more rent with 1? This rental has been 100% occupied for years and has been very well maintained. Bungalow style with hardwood floors, vaulted ceilings, large living room, dining room with built-in hutch and french doors, large open kitchen with a portable dishwasher, adjacent sun room/breakfast nook. Large bedrooms, washer/dryer, front porch, concrete pack patio, and off street parking. Main floor has central heating/air. One block from CSUC. Excellent location Pictures coming soon!
Submit your offer! Seller's willing to consider all offers Unit 1- 3500 rent 4/3 1255 sq ft Walk to Campus! Beautiful hardwood floors, vaulted ceilings, and a large living room. Open kitchen with plenty of counter space and cabinets, dishwasher, ice-maker, range with microwave hood, and a custom built-in eating bar. Bathrooms are tiled, two have showers and the third has a tub shower. Bedrooms with ceiling fans and one of the four bedrooms has a private entrance as well as its own bathroom. Central heating and air, laundry room with washer/dryer, cabinets, and in-wall ironing board, great front porch, shared off-street parking, excellent location! Unit 2- 5 bedroom 2 bath with living room or can be rented as 6 bedroom with no living room. Currently rented for 2800, market rents at 4000-4500 was rented for 4000 past years Perfect place for a large group wanting to live close to campus! Kitchen with custom cabinets, dishwasher and two refrigerators, washer/dryer, whole house fan, and central heating and air. One bathroom has a large nicely tiled standing shower and the other has a bathtub/shower and shelves for storage. Bedrooms are either hardwood floor or carpeted, all are comparable in size and each has a personal sink and ceiling fan. Excellent Location! Amazing opportunity to own this easy to rent duplex in a very desirable area. Off street parking and an easy 1 block walk to campus and downtown, this is the best location for college rentals! More pictures coming soon.
Enhance your investment portfolio with this exceptional opportunity to own a distinctive collection of studio and 1-bedroom downtown lofts, combining the charm of the old with modern comforts. Over the past few years, every unit has been updated, and the building has undergone comprehensive renovations from the roof down to the decking. Residents love the convenience of walking and biking to downtown coffee shops and restaurants. Enjoy your morning coffee on one of the several porches, or have a picnic in the courtyard while picking fresh figs and oranges. Rich in Chico history, the property even features a historic hitching post out front, a charming relic from the days when horses were a common sight.
Great opportunity to own this well maintained triplex. Perfectly placed in a cul-de-sac in North Chico. This triplex has two, 2 bedroom 2 bathroom units. The third unit is 3 bedroom 2 bathroom. All units currently have tenants for immediate monthly cash flow. Each unit has its own 2 car garage, inside laundry, dishwasher and private patio/backyard. Planned Parenthood also rents a part of the land for parking and pays $250 a month. Water pipes were recently replaced. Attic has been updated foam insulation. Don't miss out on this golden opportunity!
The median home value in Chico, CA is $465,000. This is higher than the county median home value of $381,600. The national median home value is $338,100. The average price of homes sold in Chico, CA is $465,000. Approximately 40.46% of Chico homes are owned, compared to 51.09% rented, while 8.45% are vacant. Chico real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chico real estate agent to arrange a tour today!
Chico, California has a population of 103,898. Chico is more family-centric than the surrounding county with 27.86% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Chico, California is $60,507. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Chico is 30.3 years.
The average high temperature in July is 94.4 degrees, with an average low temperature in January of 36.9 degrees. The average rainfall is approximately 27.8 inches per year, with 0.1 inches of snow per year.