622 W 6th Street, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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622 W 6th Street
Chico, California 95928
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,828Sq Ft
5,227.2Lot Size
Property Price
LIST PRICE$585,000
EST. MARKET VALUE
$575,669
SUMMARY
This triplex represents a High-Potential Investment Opportunity, listed at a List Price of $585,000—positioned slightly above the $575,669 Fair Market Value. While the property requires capital improvements due to its Fair Condition Rating and 1927 vintage, it offers immediate cash flow with full occupancy near Chico State. The asset provides a stable foundation for value-add strategies, including system upgrades and modernization. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on consistent student rental demand.
Estimated Market Value
$575,669
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 622 W 6th Street Subject 0 bd · 0 ba · 2,828 sqft · $204 | $585,000* List Price | 0 | 0 | 2,828 | $204 | - |
A 1020 W 4th Street Sold 12 bd · 6 ba · 3,482 sqft · $208 · 0.3 mi | $725,000 | 12 | 6 | 3,482 | $208 | 0.3 mi |
B 745 W 3rd Pending 0 bd · 0 ba · 3,077 sqft · $172 · 0.2 mi | $530,000 List Price | 0 | 0 | 3,077 | $172 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1927, this property is nearly 100 years old with no mention of recent renovations. The exterior shows significant wear, including weathered stucco and dated windows. Based on the age and appearance, the property likely requires a full rehab of kitchens, bathrooms, and major systems (HVAC/Electric) to address safety and structural standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Rental Location
Situated just six blocks from Chico State and near Downtown, the property is perfectly positioned in a high-demand area for student housing and urban professionals.
- Immediate Cash Flow
The triplex is currently fully occupied with tenants in place through the end of the school year, ensuring guaranteed rental income from day one of ownership.
- Proven Investment Stability
As an established income-producing property in a core college market, it offers long-term stability and historically low vacancy rates due to the consistent student population.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1927, the property may require more frequent maintenance, repairs, or capital improvements to systems and structure compared to modern multi-family builds.
- Limited Lot Utility
The compact 5,227 square foot lot for a triplex may result in limited off-street parking options and minimal private outdoor space for tenants.
About 622 W 6th Street
An investment opportunity in the heart of Chico’s college rental market! Located just six blocks from Chico State, 622 A & B and 624 W. 6th Street offer an opportunity to expand your investment portfolio with an established, income-producing property. Featuring a triplex, this 3-unit property is currently fully occupied, providing rental income from day one, with tenants in place through the end of the school year. Its desirable location near Chico State and Downtown Chico puts shopping, dining, entertainment, and campus life within easy reach. Whether you’re a seasoned investor or looking to grow your real estate portfolio, this is an opportunity you won’t want to overlook!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1927
- Lot Size
- 5,227.2 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.6 |
| Square foot | 2,828 | 2,100.133 |
| Lot Size | 5,227.2 | 9,060.467 |
| Price | $585.0K | $495.0K |
| Price per sq ft | $207 | $229 |
| Built year | 1927 | 1959 |
| HOA | $0 | $370 |
| Days on market | 4 | 77 |
Pricing History
Listed for Sale
Oct 20, 2026
$585,000
Initial Listing
Sold
Jan 1, 1979
$46,500
Public Record