1018 Meier Drive, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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Chico, California 95926
This Residential Income Duplex is a High-Potential Investment Opportunity with a List Price of $495,000—positioned well below the $556,643 Fair Market Value by 11%. This valuation gap provides $61,643 in Instant Equity for the incoming owner. Featuring a Condition Rating of 4, the property delivers immediate cash flow from two fully rented units (2BD/2BA and 3BD/2BA) equipped with private 2-car garages, central HVAC, and individual backyards. Located on a quiet cul-de-sac, this asset offers long-term stability and rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1018 Meier Drive Subject | $485,000* List Price | 0 | 0 | 2,473 | $200 | - |
A 1008 Meier Drive Active | $429,000 List Price | 0 | 0 | 2,083 | $206 | 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 and move-in ready with functional updates such as laminate flooring and central HVAC. While it is fully rented and shows regular upkeep, it retains its original 1970s character with non-functional fireplaces and dated architectural features, fitting the criteria for an aged property that has not undergone a comprehensive recent renovation.
The property is a fully occupied duplex, providing an investor with immediate cash flow and no initial vacancy period.
Each unit features a spacious layout exceeding 1,200 sq. ft., private two-car garages, central HVAC, and individual backyards, which are high-demand features for tenants.
Situated at the end of a cul-de-sac, the property offers enhanced privacy and significantly reduced through-traffic, increasing its long-term residential appeal.
The fireplaces in both units are currently not in use, which may indicate a need for specialized inspections or costly repairs to ensure safety and functionality.
Built in 1974, the property may require more frequent maintenance or capital improvements to its older systems to maintain its value and competitiveness.
A great duplex opportunity awaits you! Located at an end of a cul-de-sac, this duplex features a 2 bedroom, 2 bathroom (Unit A – 1236 sq. ft), and a 3 bedroom, 2 bathroom (Unit B – 1237 sq. ft.), home. Both have large sized 2-car garages, laundry units and utility sinks in the garage. Each unit laminate flooring throughout, spacious bedrooms, fireplaces (which currently are not being used), central heating and air conditioning, and their own private backyards/courtyards. Both units are fully rented. Call your favorite Realtor for details.
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 | 2,473 | 2,316.5 | 50% |
| Lot Size | 12,197 | 11,761.5 | 50% |
| Price | $485.0K | $502.5K | 50% |
| Price per sq ft | $196 | $200 | 50% |
| Built year | 1974 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 132 | 17% |
Apr 11, 2026
$485,000
$495,000
-2% Price Drop
Initial Listing
Mar 10, 2026
$495,000
Initial Listing