1001 Salem Street, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
Analysis of 1001 Salem Street, Chico, California 95928 is currently available with a list price of $499,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is in good condition, benefiting from a brand-new 30-year roof and recent remodels in two of the three units. While the 1981 build date and the unrenovated studio unit prevent an 'excellent' rating, the updated units feature modern flooring and refreshed kitchens, and the overall maintenance level supports immediate occupancy and functional systems.
Situated just minutes from Chico State and Historic Downtown, the property is ideally positioned to capture high rental demand from students and local professionals.
The inclusion of a brand-new 30-year roof on all units and recent remodels in two of the three units significantly reduces immediate maintenance costs for a new owner.
The property is fully occupied by long-term tenants, providing a turnkey investment opportunity with established rental income from day one.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2032, other record living area = 1024.
While two units are recently remodeled, the third unit (studio) has not been updated, which may eventually require additional capital to bring it up to the same market standard.
The property is tenant-occupied and requires showings by appointment only, which can complicate the viewing process and potentially slow down the due diligence period.
Charming Tri-Plex Near Chico State - Recently Remodeled & Rented with a brand new 30 year roof on all units! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,032 | 2,032 | 50% |
| Lot Size | 7,840.8 | 8,276 | 44% |
| Price | $499.0K | $499.0K | 50% |
| Price per sq ft | $246 | $242 | 56% |
| Built year | 1981 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 350 | 254 | 89% |
Mar 12, 2026
$499,000
Initial Listing
May 7, 2025
$509,000
Initial Listing
Jun 6, 2014
$310,000
Public Record
Mar 23, 2007
$360,000
Public Record