
Chico, California 95926
This Turnkey Ranch-Style Duplex represents a High-Potential Investment Opportunity, listed at $509,900—positioned well below the $576,741 Fair Market Value by 11%. This valuation gap provides $66,841 in Instant Equity. Boasting a Good Condition Rating, the property features fresh interior paint, new flooring, and private outdoor dining patios for both units. With a spacious 3BR/2BA main residence and a 2BR/1BA secondary unit on a large 10,019 sqft lot, it offers significant rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6 Plaza Way Subject | $509,900* List Price | 0 | 0 | 2,130 | $271 | - |
A 1712 Sherman Avenue Sold | $520,000 | 0 | 0 | 2,160 | $241 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1965, the property is well-maintained and move-in ready with recent cosmetic updates including fresh interior paint and new flooring. Kitchens and bathrooms feature refreshed cabinetry and functional appliances. The inclusion of central HVAC and the overall clean condition of the units align with the 'Good' criteria for a 5-15 year renovation/maintenance cycle.
The duplex configuration featuring a 3BR/2BA and a 2BR/1BA unit offers exceptional versatility for owner-occupants seeking supplemental income or investors looking for a high-demand rental product.
With fresh interior paint and stylish new flooring throughout, the property presents a modern, move-in-ready aesthetic that minimizes immediate renovation costs for the new owner.
Unlike many multi-family properties, each unit enjoys its own private backyard and patio space on a large 10,019 sqft lot, significantly increasing tenant retention and property value.
The reliance on a shared indoor laundry room rather than private in-unit hookups may be a drawback for some tenants and could impact the maximum achievable rent.
Built in 1965, the property may require more frequent maintenance of its original core systems and raised foundation compared to newer construction multi-family units.
Discover the perfect blend of versatility, comfort, and investment potential with this beautifully maintained ranch-style duplex—an exceptional opportunity for both savvy investors and owner-occupants seeking supplemental income. Ideally situated in a convenient, commuter-friendly location near shopping, dining, and public transit, this property offers approximately 2,130 square feet of thoughtfully designed living space on a raised foundation, enhanced by fresh interior paint and stylish new flooring. Each unit lives like its own private retreat. The larger residence features 3 bedrooms and 2 bathrooms, a spacious and inviting living room, a dining area that flows seamlessly from the kitchen, and the added convenience of an attached 2-car garage. The second unit offers 2 bedrooms and 1 bathroom with a comfortable, well-proportioned living space perfect for tenants or extended family. Both kitchens come fully equipped with stove, oven, dishwasher, garbage disposal, and refrigerator, while each unit enjoys central heating and air conditioning for year-round comfort. Step outside to discover private backyards designed for relaxation and enjoyment, complete with charming outdoor dining patios. The grounds show beautifully, graced with mature trees and lush, established shrubbery that create a serene and welcoming outdoor ambiance. An indoor shared laundry room with washer and dryer adds everyday convenience, rounding out the home’s practical amenities. Whether you’re looking to expand your investment portfolio or settle into a home that helps pay for itself, this property offers flexibility, functionality, and undeniable appeal—all in one compelling package.
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 | 2,130 | 2,145 | 50% |
| Lot Size | 10,019 | 10,890.2 | 33% |
| Price | $509.9K | $515.0K | 50% |
| Price per sq ft | $239 | $219 | 67% |
| Built year | 1965 | 1957 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 117 | 17% |
May 6, 2026
$509,900
Initial Listing
Sep 14, 2020
$420,000
Public Record
Jan 10, 2019
$380,000
Public Record