
Chico, California 95973
Analysis of 5524 E Commercial, Chico, California 95973 is currently available with a list price of $200,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1944, this property shows significant structural and safety defects. One unit is completely gutted, and images reveal failing roofs with tarps, missing siding, and exposed framing. While one unit is tenant-occupied, the overall condition requires a comprehensive rehab of systems and structures.
The property features two residential structures, including a tenant-occupied front home and a rear unit ready for renovation, offering immediate cash flow and significant value-add potential.
Situated on a spacious 0.43-acre corner lot, the property includes a 13' x 23' recreation room, an 18' x 20' metal shop, and ample space for animals, gardening, or equipment storage.
The AR zoning and multifamily designation provide rare flexibility for a rural homestead, family compound, or income-producing rental property in a neighborhood setting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The rear residential structure is currently gutted and requires a complete interior build-out, which will necessitate a substantial upfront capital investment and time.
With two septic systems and a private well, the owner assumes full responsibility for the maintenance and compliance of critical infrastructure that would typically be managed by a municipality.
Opportunity Awaits in Nord! Situated on a spacious 0.43-acre corner lot zoned Agricultural Residential, this unique property offers tremendous potential for investors, multi-generational living, or those seeking a rural lifestyle with room to grow. The property features two residential structures. The front home is currently tenant-occupied and offers 4 bedrooms and 1 bathroom, with additions made over the years to expand the living space. The rear home has been gutted and is ready for renovation, offering a potential living area, bedroom space, and bathroom setup that could serve as an in-law unit, guest house, or additional rental. Additional improvements include two septic systems, a private well, numerous outbuildings, a 13' x 23' recreation room, and an 18' x 20' metal shop building. The fully fenced property also features a large garden area and ample space for animals, equipment, hobbies, or future improvements. With county records showing multifamily dwelling use, this property presents a variety of possibilities, including a family compound, income-producing rental property, or rural homestead. Bring your vision and unlock the potential of this versatile Nord property. Buyer to verify all zoning, uses, square footage, and property information to their satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,184 | 2,666 |
| Lot Size | 18,731 | 9,365.5 |
| Price | $200.0K | $578.5K |
| Price per sq ft | $169 | $205 |
| Built year | 1944 | 1950 |
| HOA | $0 | $0 |
| Days on market | 34 | 93 |
Jul 8, 2026
$200,000
$225,000
-11% Price Drop
Initial Listing
Jun 18, 2026
$225,000
Initial Listing