183 E Washington Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
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Chico, California 95926
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $439,000—positioned well above the $428,667 Fair Market Value by -2%. While the property requires modernization given its Condition Rating of 4, it offers significant upside through the restoration of the converted garage and interior updates. Located in a prime neighborhood near the university and Bidwell Park, this home features a spacious, fenced backyard and original hardwood floors. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 183 E Washington Avenue Subject | $409,995* List Price | 3 | 2 | 1,634 | $260 | - |
A 1421 Hobart Street Sold | $360,000 | 3 | 2 | 1,248 | $288 | 0.6 mi |
B 243 W 3rd Avenue Sold | $380,000 | 3 | 2 | 1,261 | $301 | 0.4 mi |
C 1224 Spruce Active Under Contract | $455,000 List Price | 3 | 2 | 1,431 | $318 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is significantly dated with a bathroom and kitchen appearing to be over 30 years old. While it features functional central HVAC and original hardwood floors, the interior finishes and converted garage require modernization and minor repairs.
Situated in a highly desirable neighborhood, the home is just blocks from downtown Chico, the university, and Bidwell Park, offering excellent walkability and lifestyle appeal.
The property retains its post-WWII charm with original hardwood floors in the living room and thoughtful storage solutions like an oversized kitchen pantry.
A spacious, fenced backyard with mature shade trees and convenient alley access for off-street parking provides both privacy and utility for families or pet owners.
The original garage has been converted into a storage area, which may be a drawback for buyers requiring covered vehicle protection or a traditional workshop space.
The utility room lacks official bedroom status despite its closet and separate entrance, potentially complicating the perceived value for those strictly seeking a true three-bedroom home.
An unusual opportunity to own a home in one of Chico’s most desirable older neighborhoods. Comfortable post-World War II home awaits you on a tree-lined street just a few blocks from downtown, university and Bidwell Park. Original hardwood floor adorns living room. Kitchen pantry features enormous storage space, including massive pull-out cabinet. Master bathroom has large shower, while bedroom offers you tons of space in its walk-in closet. Utility room at rear of house isn’t officially a bedroom, but has a closet and separate entrance from covered patio, as well as separate access to master bath. Central heat and air conditioning. Washer and dryer (220) hookups. Mature ash trees in front yard offer protection from summer sun, while spacious, fenced back yard gives you plenty of room for kids’ play structure, barbecues, gardening or an area for dogs. Garage has been converted to storage area. Alley access to property provides room for two vehicles to park.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,634 | 1,797 |
| Lot Size | 6,098.4 | 8,276 |
| Price | $410.0K | $496.1K |
| Price per sq ft | $251 | $301 |
| Built year | 1946 | 1992 |
| HOA | $0 | $196 |
| Days on market | 43 | 52 |
Jul 8, 2026
$409,995
$439,000
-7% Price Drop
Initial Listing
Jun 9, 2026
$439,000
Initial Listing