2217 Tapia Way, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
This Dual-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $650,000—positioned above the $567,416 Fair Market Value. While priced at a premium, the property offers a Mint Condition Rating and immediate income potential through its separately metered ADU. Featuring luxury vinyl plank flooring and quartz countertops, this 2022 build requires zero maintenance. Located in the master-planned Meriam Park, it provides high walkability and lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2217 Tapia Way Subject | $650,000* List Price | 0 | 0 | 1,657 | $342 | - |
A 1835 Bedford Drive Sold | $479,000 | 3 | 3 | 1,560 | $307 | 0.1 mi |
B 1802 Notre Dame Boulevard Sold | $505,000 | 3 | 3 | 1,560 | $324 | 0.1 mi |
C 1757 Thea Sold | $455,000 | 2 | 2 | 1,121 | $406 | 0.1 mi |
D 1814 Roth Sold | $518,000 | 3 | 3 | 1,774 | $292 | 0.6 mi |
E 1814 Roth Sold | $518,000 | 0 | 0 | 1,774 | $292 | 0.6 mi |
F 11 Overseer Court Active | $488,000 List Price | 3 | 3 | 1,520 | $321 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features modern amenities including quartz countertops, luxury vinyl plank flooring, and stainless steel appliances, with nearly new HVAC and electrical systems requiring no maintenance.
The property features a main residence and a detached, separately metered ADU, providing immediate rental income or flexible living arrangements for multi-generational families.
Built in 2022, the property boasts contemporary finishes like quartz countertops and luxury vinyl plank flooring, offering low maintenance with the added benefit of no HOA fees.
Situated in Meriam Park, the home offers high walkability to fitness studios, restaurants, and parks, making it a premier choice for both high-quality tenants and future owners.
With a lot size of just 3,484 square feet, the property offers very limited private outdoor space, which may be a drawback for buyers seeking a traditional backyard or garden.
Both units are currently tenant-occupied, which may restrict immediate move-in for owner-occupants and limits the ability to verify current interior condition compared to the provided photos.
Rare investment opportunity in Meriam Park featuring two homes on one lot with a combined 1,657 square feet and no HOA. This income-producing property offers a highly sought-after combination of a single-story 2-bedroom, 2-bath main residence (1,121 SF) and a detached 1-bedroom, 1-bath ADU (536 SF) privately situated above the garage. The main home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, a kitchen island with bar seating, built-in desk, spacious primary suite with walk-in closet, attached two-car garage, and low-maintenance outdoor space. The detached ADU offers its own private entrance, separate utility meter, tall ceilings, private balcony, walk-in shower, stainless steel appliances, and stacked washer and dryer. Both units are currently tenant occupied, providing immediate income potential for investors. The separately metered ADU offers flexibility for long-term rental income, multigenerational living, employee housing, or future owner occupancy. Located in the highly desirable Meriam Park master-planned community, residents enjoy convenient access to pickleball courts, dog parks, walking trails, fitness studios, restaurants, coffee shops, neighborhood retail, medical offices, and year-round community events. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible property in one of Chico's most desirable communities, opportunities like this are rarely available. Photos were taken prior to tenant occupancy. Current appearance may vary. Also listed as Residential Property SN26122898
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,657 | 1,797 |
| Lot Size | 3,484 | 8,276 |
| Price | $650.0K | $496.1K |
| Price per sq ft | $392 | $301 |
| Built year | 2022 | 1992 |
| HOA | $0 | $196 |
| Days on market | 43 | 52 |
Jun 9, 2026
$650,000
Initial Listing