1008 Meier Drive, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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Chico, California 95926
This Residential Income Duplex is a stable, income-generating asset listed at $429,000, aligning precisely with its $429,000 Fair Market Value. Maintaining a Condition Rating of 4, the property features two well-kept units equipped with premium amenities including attached 2-car garages, private backyards, and covered patios. With long-term tenants already in place and a strategic location just 10 minutes from downtown Chico, the property ensures immediate cash flow and consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 Meier Drive Subject | $429,000* List Price | 0 | 0 | 2,083 | $206 | - |
A 1018 Meier Drive Active | $495,000 List Price | 0 | 0 | 2,473 | $200 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this duplex is well-maintained but shows its age. While Unit A has received cosmetic updates including LVP flooring and newer carpet, the overall property retains older architectural styles and rental-grade finishes. The kitchens and bathrooms are functional but not fully modernized to current luxury standards, and the 50-year-old infrastructure suggests the property is aged but kept up through regular maintenance.
The property features two distinct units with long-term tenants already in place, providing immediate and reliable rental income for investors.
Each unit includes highly desirable features typically found in single-family homes, such as private backyards, covered patios, and individual attached 2-car garages.
Centrally located in Chico, the property is within a 10-minute drive of both essential shopping and the vibrant dining and entertainment of the downtown area.
Originally built in 1974, the property may require ongoing maintenance or capital improvements to major systems despite recent cosmetic updates to Unit A.
A recent price reduction and extended time on the market suggest that the property has struggled to find its price point in the current environment.
Fantastic duplex offering two distinct units, each with highly desirable amenities and long term tenants. This property presents a unique opportunity for investors or homeowners seeking to generate rental income. Unit A (2 Bed, 2 Bath): Has seen some nice updates, this spacious unit features Luxury vinyl plank (LVP) flooring in the entryway, kitchen, dining area, and bathrooms. The living room and bedrooms offer the comfort of plush newer carpeting. This unit includes a private backyard with a covered patio and an attached 2-car garage. Unit B (2 Bed, 1 Bath): A well-maintained unit with a functional floor plan. It also boasts its own private backyard, a covered patio for outdoor enjoyment, and the convenience of an attached 2-car garage. Centrally located, this property is just a 5-minute drive from local shopping and groceries and only 10 minutes from the dining and entertainment of downtown. With key updates and prime amenities for both units, this duplex is a standout property.
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 | 2,083 | 2,121.5 | 50% |
| Lot Size | 10,019 | 10,890.2 | 33% |
| Price | $429.0K | $474.5K | 50% |
| Price per sq ft | $206 | $205 | 50% |
| Built year | 1974 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 154 | 50% |
Mar 12, 2026
$429,000
Initial Listing
Dec 10, 2025
$449,000
Initial Listing
Feb 13, 2024
$460,000
Public Record