
Chico, California 95928
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $524,500—positioned above the $474,862 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, bolstered by a 2023 renovation and a 2026 roof. Its proximity to CSU Chico and downtown ensures consistent rental demand, while the flexible unit configuration allows for immediate income generation. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a high-demand university market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1326 Mulberry Subject | $524,500* List Price | 4 | 4 | 1,932 | $246 | - |
A 1080 Ivy St. Sold | $525,000 | 0 | 0 | 2,103 | $250 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property dates back to 1907, it is well-maintained with significant recent updates. The front unit was fully renovated in 2023 with modern LVP flooring and updated kitchens/baths. The back units feature a new roof (2026) and fresh cosmetic updates (paint/carpet). However, the presence of window AC units and dated cabinetry/appliances in the secondary units prevents an 'Excellent' rating.
The property's proximity to downtown Chico and California State University, Chico, ensures high tenant demand and makes it an ideal location for student housing or professional rentals.
With a full 2023 renovation of the front house and a brand-new roof installed in 2026, the property offers a turnkey investment with significantly reduced immediate capital expenditure needs.
The triplex features separate meters, individual fenced yards, and a mix of unit types, providing maximum flexibility for an owner-occupant or an investor seeking diversified rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1932, other record living area = 920. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
Originally built in 1907, the property may possess aging underlying systems typical of the era that could require specialized maintenance despite recent cosmetic and roof updates.
With only 1,932 total square feet distributed across three separate units, the individual living spaces—particularly the studio and one-bedroom units—may feel constrained for some tenants.
Discover a unique opportunity at 1326 Mulberry Street, a well-maintained multi-unit property ideally located near downtown Chico, California State University, Chico, and a variety of shopping, dining, and entertainment options. This triplex offers two structures; a 2 bedroom 2 bath home in front, and a Duplex in the back with alley access. The duplex consists of a studio with a bathroom and a 1 bedroom 1 bath unit. All 3 units have fenced individual yards, separate meters, parking, and low maintenance yards. The front residence was fully renovated in 2023 and offers an attractive floor plan featuring two large primary suites, each with a private en-suite bathroom. This layout is especially appealing for roommates, students, tenants seeking additional privacy, or someone looking to live on the property while taking advantage of the rental offset! Interior upgrades include durable luxury vinyl plank flooring, an updated kitchen with modern finishes, and stylishly remodeled bathrooms. There is space for parking which is covered as well as plenty of off-street parking. A BRAND-NEW roof was installed in 2026 including new under sheathing and edge metal. The entire exterior of the duplex has had extensive work done to repair the siding which includes a full paint job to match the front residence as well as an existing durable metal roof. Inside, you will find fresh paint, new carpet, new blinds, and functional layouts. The studio has a very large main room that has plenty of storage and the 1 bedroom has both a closet in the living room and main bedroom. Whether you're an investor seeking a turnkey addition to your portfolio or an owner-occupant looking to generate supplemental income, this versatile multi-unit property offers an outstanding combination of location, functionality, and income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 1,932 | 2,666 |
| Lot Size | 8,712 | 9,365.5 |
| Price | $524.5K | $578.5K |
| Price per sq ft | $271 | $205 |
| Built year | 1907 | 1950 |
| HOA | $0 | $0 |
| Days on market | 26 | 93 |
Jun 26, 2026
$524,500
Initial Listing
Aug 10, 1995
$100,000
Public Record