
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 | $309,000* List Price | 0 | 0 | 2,018 | $153 | - |
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!** Excellent investment opportunity featuring two separate homes on one lot, each offering privacy, dedicated outdoor space, and established rental income. The **main home** offers 3 bedrooms, 2 bathrooms, and approximately 1,118 sq ft of comfortable living space. Features include central heating and air, an attached garage, a private yard, and a spacious primary suite. The home was remodeled prior to the current tenant moving in and has been well maintained. The current tenant recently passed the one-year mark and has just re-signed for another **one-year lease** at **$1,650 per month**. Tucked privately behind the main residence, the **second home** enjoys its own alley access and feels completely separate from the front property. This approximately 900 sq ft home features 1 bedroom, 1 bathroom, plus a den, along with its own private yard. The rear home was just fully remodeled and now has a new tenant in place on a one-year lease at **$1,400 per month**. Additional improvements include a newer mini-split heating and cooling system and a newer roof. Both homes feature their **own laundry facilities**, adding convenience for tenants. Even better, each unit has **separate water and power meters**, and tenants pay all utilities, including trash. This helps keep ownership expenses low and makes the property an especially attractive, investor-friendly opportunity. The seller has maintained the property to the best of their ability and has invested **thousands of dollars over the past several years** to improve the overall condition, functionality, and appeal of both homes. Conveniently located just a short walk from the bus station and directly across from **Raley’s Shopping Center**, the property offers easy access to shopping, transportation, and everyday amenities. With two separate residences, established rental income, individually metered utilities, private yards, and numerous recent improvements, this is an excellent opportunity for investors looking to add a versatile income-producing property to their portfolio. **Please Note:** Interested prospects are to provide verification of qualifications and submit an offer subject to interior inspections prior to viewing. This requirement is intended to minimize unnecessary disturbance to the existing tenants. Expenses shown in MLS are general estimates.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,018 | - |
| Lot Size | 6,098.4 | - |
| Price | $309.0K | $387.5K |
| Price per sq ft | $153 | $125.1K |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 119 | 77 |
Aug 27, 2026
$309,000
$319,000
-3% Price Drop
Initial Listing
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