1700 Sherman, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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Chico, California 95926
This Tri-Plex represents a High-Potential Investment Opportunity, listed at a List Price of $549,000—positioned well below the $676,059 Fair Market Value by 18%. This valuation gap provides $127,059 in Instant Equity. With a Fair Condition Rating, the property features a 13,504 sqft lot with significant ADU development potential and recent 2021 sewer upgrades. While the 1954 structure requires modernization, the 1984 duplex offers stable, central-HVAC-equipped units. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1700 Sherman Subject | $549,000* List Price | 0 | 0 | 2,616 | $258 | - |
A 1712 Sherman Avenue Sold | $520,000 | 0 | 0 | 2,160 | $241 | 0.0 mi |
B 6 Plaza Way Active | $509,900 List Price | 0 | 0 | 2,130 | $239 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a mix of a 1954 house and a 1984 duplex. While functional and currently occupied, the interiors are significantly dated; the 1954 unit's kitchen shows original-style tile and cabinetry, and it relies on dated window AC and wall heaters. The 1984 units have better systems (central HVAC) but still feature 40-year-old aesthetics. Overall, the property is move-in ready but requires modernization and minor repairs to meet modern standards.
The expansive 13,504 sqft lot offers significant value-add potential with the possibility of adding Accessory Dwelling Units (ADUs), providing a path for increased rental income.
Situated in the highly desirable 'Avenues' neighborhood of Chico, the property benefits from close proximity to schools, shopping, and freeway access, ensuring strong tenant demand.
The property was connected to the City Sewer system in October 2021, a major capital improvement that reduces long-term maintenance risks and enhances property value.
While the duplex features central heat and air, the main house relies on window A/C units and gas wall heaters, which may be less efficient and less appealing to modern tenants.
The 1954 construction of the main house compared to the 1984 duplex creates varied maintenance requirements and potential for more frequent repairs on the older structure.
Tri-Plex located in the Avenues! Close to shopping, schools and freeway access. This property consist of a 3 bed 1 bath house built in 1954. The duplex has 2 bedrooms 1 bath units and built in 1984. The house has lots of charm and character with wood floors, built-ins, ceiling fans, window unit for A/C and gas wall unit for heating, There is a nice size backyard and laundry hook-ups and a garage. The duplex has some nice upgrades of central heat and air, ceiling fans, gas oven, laundry hook-ups. All units were hooked up to City Sewer October 2021. This is a very unique investment property with the possibility of adding ADU's, buyer to investigate with the City of Chico.
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 | 2,616 | 2,388 | 50% |
| Lot Size | 13,504 | 12,415 | 50% |
| Price | $549.0K | $534.5K | 50% |
| Price per sq ft | $210 | $206 | 50% |
| Built year | 1984 | 1966 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 117 | 17% |
Jun 3, 2026
$549,000
Initial Listing