
Chico, California 95928
This Residential Income Duplex is a Strong Value Opportunity, listed at $588,888—positioned well below the $635,252 Fair Market Value by 7%. This valuation gap offers $46,364 in Instant Equity for the buyer. With a Condition Rating of 3, the property features modern 2006 construction and central A/C, though it requires cosmetic updates. The dual-unit configuration provides significant rental upside, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in the Chico Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1170 E 9th Street Subject 0 bd · 0 ba · 2,732 sqft · $216 | $549,999* List Price | 0 | 0 | 2,732 | $216 | - |
A 587 E 3rd Sold 5 bd · 3 ba · 2,680 sqft · $235 · 0.6 mi | $630,000 | 5 | 3 | 2,680 | $235 | 0.6 mi |
B 1001 Salem Street Sold 0 bd · 0 ba · 2,032 sqft · $241 · 0.9 mi | $490,000 | 0 | 0 | 2,032 | $241 | 0.9 mi |
C 1326 Mulberry Active 4 bd · 4 ba · 1,932 sqft · $258 · 0.6 mi | $499,000 List Price | 4 | 4 | 1,932 | $258 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is 18 years old, placing it within the 10-20 year 'Good' criteria. It features functional systems including central A/C and newer appliances. While the interior is dated and requires cosmetic 'refresh' (paint and carpet) due to rental history, it remains a functional, relatively modern structure compared to older area inventory.
The property features a dual-unit configuration with a 5-bedroom main house and a 1-bedroom back unit, offering significant rental income potential or a flexible multi-generational living setup.
Built in 2006, this residence avoids the structural and maintenance concerns typical of older area homes while providing modern amenities like central A/C in both units.
The inclusion of an oversized two-car garage, a separate one-car garage for the back unit, and multiple off-street parking spots is a rare and valuable asset for a high-occupancy duplex.
The interior requires a full refresh, including new paint and carpeting throughout, which will require additional immediate investment and coordination from the buyer.
Given the large building footprint of 2,732 square feet on a 5,227 square foot lot, there is minimal private yard space available for the high number of potential occupants.
This property consists of 5 bedroom 3 bath front home with oversized 2 car garage AND a one bedroom, one bath, one car garage back unit, which recently rented for $1,200/mo. - Built this century - not the same as 100 year old house! - Convenient location! - Many new or newer appliances! - Central A/C in both units! - Several off street parking spots and easy street parking! - Large trees provide nice shade! - VALUE! - Motivated Seller! Property is indirectly owned by a licensed Realtor. Home has been a rental and needs interior refresh - paint, carpeting - leaving those choices to Buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.6 |
| Square foot | 2,732 | 2,100.133 |
| Lot Size | 5,227 | 9,060.467 |
| Price | $550.0K | $495.0K |
| Price per sq ft | $201 | $229 |
| Built year | 2006 | 1959 |
| HOA | $0 | $370 |
| Days on market | 75 | 77 |
Sep 30, 2026
$549,999
$569,999
-4% Price Drop
Initial Listing
Sep 10, 2026
$569,999
$578,888
-2% Price Drop
Initial Listing
Aug 25, 2026
$578,888
$588,888
-2% Price Drop
Initial Listing
Aug 10, 2026
$588,888
Initial Listing
Nov 5, 2021
$504,000
Public Record
Oct 31, 2008
$390,000
Public Record
Aug 4, 2006
$50,000
Public Record
Nov 4, 2005
$151,500
Public Record
May 4, 2005
$122,000
Public Record