467 E 22nd, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
Analysis of 467 E 22nd, Chico, California 95928 is currently available with a list price of $305,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1956, this duplex is well-maintained and functional but shows clear signs of age. While it features some updates like laminate flooring and painted cabinetry, the kitchen appliances, wall heaters, and bathroom fixtures are dated. It meets the criteria for 'fair' as an aged property maintained through regular upkeep without recent major renovations.
Beyond the two residential units, the property generates supplemental income from a separate rented fenced lot, significantly enhancing the overall cap rate and investment appeal.
Situated in desirable South Chico near the Sierra Nevada Brewing Co. and Silver Dollar Fairgrounds, the property benefits from high tenant demand and proximity to schools, shopping, and freeway access.
Both units feature functional 2-bedroom, 1-bathroom layouts with ample natural light, providing a turnkey-style opportunity for investors seeking consistent occupancy in a proven rental market.
The property was recently sold within the past year on 2025-03-13. The sold price is $250,000.00.
Built in 1956, the property may require more frequent maintenance or capital expenditures for aging systems and structural components compared to newer multi-family builds.
With only 1,284 total square feet divided between two units, the individual living spaces are relatively compact for two-bedroom configurations, which may limit appeal for tenants with more furniture or larger households.
Duplex opportunity in desirable south Chico, conveniently located near the iconic Sierra Nevada Brewing Co. and the Silver Dollar Fairgrounds. This income-producing property features two units, each offering 2 bedrooms and 1 bathroom with functional floor plans, ample natural light, and comfortable living areas. Both units provide strong rental potential in a consistently desirable location close to shopping, schools, parks, and easy freeway access. The property offers off-street parking as well as extra income from the rented fenced off lot connected to the property.
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 | 1,284 | 1,956 | 11% |
| Lot Size | 6,534 | 8,276 | 33% |
| Price | $305.0K | $460.0K | 11% |
| Price per sq ft | $238 | $238 | 50% |
| Built year | 1956 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 201 | 11% |
Mar 5, 2026
$305,000
Initial Listing
Mar 13, 2025
$250,000
Public Record
Feb 8, 2013
$97,500
Public Record
Jun 22, 2001
$110,000
Public Record