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.
This 10.7 Acre fully landscaped parcel is nestled close to the town of Chico with scenic canyon views. Conveniently located just a short distance off Hwy 32, featuring a large 2 story, 2+BR Main Residence, with scenic pool, 3 Koi Ponds, a meandering creek and connecting trails. The property also includes charming cottages and outbuildings, perfect for guests or possible rental income. A large, well-built Yoga Center building (previously used as a Church). Prior owners used this unique property as a Church Retreat, hip camp, family compound and operational Air B&B. The potential here is limitless. The main house is an open concept design with vaulted wood beam ceilings, wood walls and wooden floors. The main level features an updated & custom appointed Kitchen, and Bathroom with inlay stone tub/shower combo. Its second-story bedroom is bright and airy with vaulted wooden ceilings and windows on every wall. Its generous sized Living Area & back deck is large enough to accommodate for large family gatherings and overlooks a scenic creek and Koi Pond. This home also has a large parking area & built with fire safety in mind, some cottages were constructed with Metal framing, Metal Roofs and cement Block Walls for fire safety. This property is a must see to appreciate it's value.
Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED
We are pleased to present a 100% renovated 6-unit apartment community nestled East of Downtown Chico, CA. The community features Five One Bedroom / One Bathroom and One detached Two Bedroom / One Bathroom units. Current ownership completed renovations of all 6 units in 2024. Typical renovations include LVP flooring, new appliances, and refinished bathrooms. The property also went under extensive exterior renovation with new paint, new windows, newer roof, and minimal landscape design. The offering represents an opportunity to purchase a fully renovated, stable, and easy management income property located in the highly sought after Chico market. Chico State (Roughly 14,000 students) is located just 1.2 miles from the subject property and is a main economic driver for the City along with healthcare and surrounding agriculture employment that keeps the local economy strong. Main Street in Downtown is a short 10-minute walk from the property and close to all the amenities that Chico has to offer.
This Historic 4-Plex near Downtown Chico is available for sale! With high ceiling and large updated windows providing abundant natural light and wood floors in much of the building these charming details make this a special property. Current rents are strong, with potential for additional income by converting the upstairs storage area in to a rentable unit, making the income potential higher than existing. Each unit has a spacious layout, with 3 one-bedroom units and 1 two bedroom unit, they have updated kitchen and baths in most units. Recent improvements have been roof replaced where needed, termite clearance and most of the home inspection items have been dealt with1 This prime location offers tenants easy access to shops, restaurants, transit and entertainment. This property is prefect for generating steady rental income while owning a piece of Chico's history!
Welcome to 541 W 5th St, a fantastic 7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!
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.
Welcome to 541 W 5th St, a fantastic 7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!
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.
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
***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!
Close to downtown. 4 unit multifamily property built in 1984 The property has 3 three bedroom one bath and 1 2bedroom 1 bath flats. Each are 873 sq ft. Each have washer and dryer hook ups. Each unit has Range, Frig and Dishwasher. Each has patios. The building is stucco exterior with a composition roof. Off street parking. Long term tenants.
Close to downtown. 4 unit multifamily property built in 1984 The property has 3 three bedroom one bath and 1 2bedroom 1 bath flats. Each are 873 sq ft. Each have washer and dryer hook ups. Each unit has Range, Frig and Dishwasher. Each has patios. The building is stucco exterior with a composition roof. Off street parking. Long term tenants.
The median home value in Chico, CA is $440,000. 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 $440,000. 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 95928 has a population of 103,898. Chico 95928 is more family-centric than the surrounding county with 27.51% 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 95928 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 95928 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.