
Oroville, California 95966
This Residential Income Duplex represents a Strong Value Opportunity, listed at $319,000—positioned well below the $350,233 Fair Market Value by 8%. This valuation gap offers $31,233 in Instant Equity for the buyer. With a Condition Rating of 3, the property features recent capital improvements, including a newer roof and mini-split system. The dual-metered configuration and strong rental history make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage house-hacking strategies for long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2262 Hewitt Avenue Subject | $319,000* List Price | 0 | 0 | 2,018 | $174 | - |
A 1377 Norton Active | $299,900 List Price | 0 | 0 | 1,939 | $155 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1961, the property is well-maintained and functional as a dual-income rental. Recent capital improvements include a newer roof and mini-split HVAC system for the rear unit. The seller reports significant investment in the property's condition over the last few years, making it move-in ready for tenants or an owner-occupant.
With two separate units generating a combined potential rent of approximately $3,050 per month against a $319,000 list price, this property offers an exceptional cap rate for investors or a 'house-hacking' opportunity for owner-occupants.
Both units feature separate water and power meters with tenants responsible for all utilities including trash, significantly reducing the owner's monthly overhead and simplifying property management.
The rear unit is tucked away with its own alley access and private yard, providing a level of privacy and separation rarely found in multi-unit properties on a single lot.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2018, other record living area = 642.
Interior inspections are only permitted after a qualified offer is submitted, which may deter some buyers and complicates the initial due diligence process.
Originally built in 1961, the property may require ongoing maintenance or updates to its older systems, despite recent improvements like the newer roof and mini-split system on the rear unit.
Two great homes on one lot with strong income potential! Live in one and rent out the other, or maximize cash flow by leasing both. The main home offers 3 bedrooms, 2 bathrooms, and 1,118 sq ft with central heating and air, an attached garage, private yard, and a spacious primary suite. Currently rented at $1,650 per month. Tucked privately behind the main home with its own alley access, the second home feels completely separate from the front property. This 1 bedroom, 1 bathroom home plus den offers approximately 900 sq ft, its own private yard, and excellent rental potential at approximately $1,400+/- per month. The rear unit also features a newer mini split system and newer roof. Both have their own laundry. The back unit is expected to be vacant soon, creating a great opportunity for a new owner to either move in while collecting income from the front home or lease the back unit at market rent. Both units have separate water and power meters, and tenants pay all utilities including trash, helping keep ownership expenses low and making this an investor-friendly opportunity. The seller has maintained the property to the best of their ability and has invested thousands of dollars over the past few years to improve the overall appeal and condition of the homes. Conveniently located just a short walk to the bus station and in site of Raley’s shopping center, this is an excellent opportunity for investors or owner-occupants seeking flexibility, convenience, and income potential. Interested prospects to provide verification of qualifications and an offer subject to interior inspections only; to limit disturbance of tenant/s. Income and expenses general estimates.
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 | 2,018 | 2,018 | 50% |
| Lot Size | 6,098.4 | 6,098.4 | 50% |
| Price | $319.0K | $319.0K | 50% |
| Price per sq ft | $158 | $158 | 50% |
| Built year | 1961 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 125 | 33% |
May 13, 2026
$319,000
Initial Listing
Oct 24, 2022
$360,000
Public Record
Aug 31, 2018
$231,000
Public Record
May 1, 1997
$28,500
Public Record