555 Morgan, Chico, California 95973, Chico, 95973 - 0 bed, 0 bath
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Chico, California 95973
This Modern Income-Producing Duplex is a Prime Investment Opportunity, listed at $595,000—positioned well below the $621,642 Fair Market Value by 4%. This valuation gap offers $26,642 in Instant Equity. Built in 2006, the property holds a Good Condition Rating and features dual 3-bedroom, 2-bathroom units with private backyards and one-car garages. With one unit leased starting May 1st and the other tenant-occupied, the asset ensures immediate cash flow and stability. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Morgan Subject | $595,000* List Price | 0 | 0 | 2,523 | $246 | - |
A 2842 Jolyn Sold | $530,000 | 0 | 0 | 2,426 | $218 | 0.5 mi |
B 550 Morgan Drive Sold | $580,000 | 0 | 0 | 2,538 | $229 | 0.0 mi |
C 806 Alynn Lane Pending | $524,900 List Price | 0 | 0 | 2,096 | $250 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property falls within the 10-20 year range for 'Good' condition. The interior is well-maintained and move-in ready with functional, albeit builder-grade, kitchen cabinetry and white appliances. The systems appear operational and the overall cleanliness suggests a property that has been cared for without needing immediate repairs.
With one unit leased starting May 1st and the other already tenant-occupied, this property provides immediate cash flow and investment stability from the day of closing.
Built in 2006, the duplex offers a contemporary 3-bedroom, 2-bathroom configuration per unit with open living spaces, which is highly attractive to modern tenants compared to older area stock.
Each unit features a private backyard retreat and a dedicated one-car garage, premium features that drive high rental demand and long-term tenant retention.
The layout places all bedrooms on the upper floor, which may exclude potential tenants with mobility issues or those specifically seeking single-level living options.
A single-car garage for a three-bedroom unit may be insufficient for multi-vehicle households, potentially creating reliance on street parking in a residential neighborhood.
Well-maintained, income-producing duplex with strong rental history. Each unit features a functional and tenant-friendly layout with open living space, private backyard retreat, and a one-car garage. Each unit offers a 3 bedroom, 2 bathroom layout with a convenient downstairs bath and all bedrooms privately located upstairs. Unit #1 is available for showings and will be leased beginning May 1, providing built-in income from day one. Unit #2 is tenant-occupied, offering added stability. Both units share mirror-image floor plans. With strong rental appeal and a convenient location near shopping and everyday amenities, this is a solid addition to any portfolio.
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 | 2,523 | 2,530.5 | 50% |
| Lot Size | 6,098 | 9,801 | 50% |
| Price | $595.0K | $587.5K | 50% |
| Price per sq ft | $236 | $223 | 75% |
| Built year | 2006 | 1992 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 133 | 25% |
Apr 17, 2026
$595,000
Initial Listing
Aug 2, 2017
$369,000
Public Record
Feb 8, 2008
$357,500
Public Record
Feb 8, 2008
$357,500
Public Record
Jan 11, 2008
$312,500
Public Record
Sep 7, 2006
$2,000
Public Record