
Chico, California 95973
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $577,000—positioned slightly above the $563,258 Fair Market Value. Despite the premium, the property offers a stable Condition Rating of 3 with significant recent capital improvements in Unit A. Featuring a 0.52-acre lot with Orchard Views, this asset provides strong rental demand near Chico State. It is an ideal acquisition for Buy-and-Hold Investors seeking a turnkey rental or Owner-Occupants interested in a multi-generational urban gardening oasis.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3403 Silverbell Subject | $577,000* List Price | 5 | 4 | 2,241 | $252 | - |
A 806 Alynn Lane Sold | $515,000 | 0 | 0 | 2,096 | $246 | 1.0 mi |
B 3275 Rockin M Active | $529,000 List Price | 0 | 0 | 2,287 | $231 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1980, the property is well-maintained with significant recent updates to Unit A, including newer HVAC, double-pane windows, and luxury vinyl flooring. The electrical systems feature modern smart meters, and the property is fully functional and move-in ready, meeting the criteria for a well-maintained investment.
This duplex generates a combined $3,500 in monthly rent with separate meters for gas and electricity, ensuring a solid return on investment with tenants paying their own utilities.
The rare 0.52-acre lot provides significant value through its 'urban gardening oasis' featuring fruit trees, private yards for both units, and ample space for outdoor activities.
Unit A has been significantly updated with newer HVAC, double-pane windows, and luxury vinyl flooring, reducing immediate maintenance concerns and enhancing tenant retention.
While Unit A is modernized, Unit B lacks mention of similar upgrades, potentially requiring future capital expenditure to bring it up to the same market standard and rent level.
The property only offers a two-car carport for a total of five bedrooms, which may be inadequate for multiple tenants with several vehicles.
This true duplex is a solid investment property on a HUGE .52-acre lot with fruit trees and garden space. Unit A has been updated and rents for $2000 a month and is a spacious 3-bedroom 2-bath with newer double pane windows, HVAC, luxury vinyl flooring, a fireplace and newer washer and dryer and a large back yard with cherry trees, roses, lilacs and lots of shade trees. Unit B rents for $1500 a month. It has 2 good-sized bedrooms and 2 bathrooms and an open kitchen and living room with a fireplace and lots of natural light. It has a sunny patio and good size private back yard. Each unit has its own washer and dryer. 2 electric meters, 2 gas meters and tenants pay utilities. An over-sized carport provides 2 covered spaces and each unit has a storage cabinet in carport. Great rental history and long-term tenants. Situated in an established neighborhood and only a 10-minute drive to Chico State University. The famous Bidwell park is also 10 minutes away. Chico is a bustling college town known for its year-round farmers' markets, excellent restaurants, music, art galleries, award winning hospital and schools and world class outdoor activities. This would be a wonderful low-maintenance investment because the current property manager does a wonderful job and would love to continue managing it. It could also be a multi-generational living situation for someone wanting an urban gardening oasis. Septic has just been pumped
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,241 | 2,092.462 |
| Lot Size | 22,651 | 9,817.769 |
| Price | $577.0K | $531.5K |
| Price per sq ft | $257 | $212 |
| Built year | 1980 | 1959 |
| HOA | $0 | $0 |
| Days on market | 40 | 79 |
Jul 31, 2026
$577,000
Initial Listing
Aug 31, 2021
$555,000
Public Record
Mar 8, 2002
$144,000
Public Record