1640 7th Avenue, Oroville, California 95965, Oroville, 95965 - 0 bed, 0 bath
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Oroville, California 95965
This 6-Unit Multi-Family Asset represents a Strong Value Opportunity with a List Price of $650,000—positioned well below the $694,828 Fair Market Value by 6%. This valuation provides $44,828 in Instant Equity for an incoming owner. Featuring a Condition Rating of 3, the property is a turnkey, fully occupied investment with a diversified mix of townhouses, cottages, and duplexes. Located near Downtown Oroville and the Oroville Union district, it offers immediate cash flow and high tenant retention. This is a premier acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1640 7th Avenue Subject | $650,000* List Price | 0 | 0 | 4,171 | $167 | - |
A 2175 Robinson Street Active | $689,800 List Price | 5 | 4 | 4,472 | $154 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained multi-unit investment that appears move-in ready and turnkey. Although originally built in 1945, the interior photos reveal significant updates, particularly in the kitchens which feature modern white shaker-style cabinetry, updated countertops, and contemporary appliances including dishwashers and gas ranges. While the presence of window AC units and basic bathroom vanities reflect its vintage, the overall cleanliness, updated flooring, and functional systems indicate the property has been extensively renovated or well-maintained within the last 5 to 15 years.
The property features a versatile blend of townhouse-style units, cottages, and duplexes, which broadens rental appeal and minimizes vacancy risks by catering to various tenant demographics.
Currently fully occupied with established tenants, this 6-unit asset provides immediate cash flow and a proven track record of performance for incoming investors.
Situated just minutes from Downtown Oroville, schools, and shopping, the property’s proximity to local amenities ensures long-term desirability and high tenant retention.
Originally built in 1945, the property may necessitate more frequent maintenance or capital expenditures to address aging infrastructure and systems compared to modern builds.
The unique, non-uniform layout of the six units across different building styles can result in higher management overhead and varied maintenance demands across the site.
Looking for an investment property that stands out from the rest? This fully occupied 6-unit property offers built-in income, established tenants, and a layout that brings both versatility and charm, all just minutes from Downtown Oroville and the Fish Hatchery. This isn’t your typical cookie-cutter investment. The property features a mix of unit styles, including townhouse-style units with 2 bedrooms and 1.5 bathrooms, each with their own fenced yard, along with multiple 1-bedroom, 1-bathroom cottages and duplex-style units. The variety creates broad rental appeal and flexibility, helping maintain consistent occupancy. Each unit has its own personality, giving the property a unique, inviting feel while still functioning as a strong income-producing asset. Tenants benefit from the convenient location near schools, shopping, and everyday amenities, making it an easy place to live and a smart place to invest. Fully occupied and already performing, this property offers the opportunity to step into a turnkey investment with immediate cash flow and long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 4% |
| Baths | 0.0 | 2.0 | 4% |
| Square foot | 4,171 | 1,316 | 98% |
| Lot Size | 15,246 | 10,019 | 68% |
| Price | $650.0K | $290.0K | 94% |
| Price per sq ft | $156 | $217 | 17% |
| Built year | 1945 | 1962 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 183 | 2% |
Mar 27, 2026
$650,000
Initial Listing
Feb 15, 2023
$530,000
Public Record
Dec 30, 2016
$25,000
Public Record