631 W 8th Street, Chico, California 95928, Chico, 95928 - 5 bed, 2 bath
Loading property details...
631 W 8th Street
Chico, California 95928
ACTIVE
CONDITION: FAIR
5Beds
2Baths
1,492Sq Ft
7,840.8Lot Size
Property Price
LIST PRICE$349,000
EST. MARKET VALUE
$340,883
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $349,000—positioned well below the $340,883 Fair Market Value by -2%. While the price reflects a premium over the estimated value, the property offers a Condition Rating of 4, supported by significant capital improvements including a new roof, electrical panel, and sewer line. Its proximity to Chico State ensures consistent rental demand. This is a stable, turn-key Buy-and-Hold Asset ideal for Buy-and-Hold Investors or first-time buyers seeking a reliable income-producing property.
Estimated Market Value
$340,883
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 |
|---|---|---|---|---|---|---|
★ 631 W 8th Street Subject 5 bd · 2 ba · 1,492 sqft · $228 | $349,000* List Price | 5 | 2 | 1,492 | $228 | - |
A 1193 Olive Street Sold 3 bd · 2 ba · 1,512 sqft · $225 · 0.7 mi | $340,000 | 3 | 2 | 1,512 | $225 | 0.7 mi |
B 1012 Poppy Street Sold 4 bd · 2 ba · 1,302 sqft · $204 · 0.6 mi | $265,000 | 4 | 2 | 1,302 | $204 | 0.6 mi |
C 1837 Hemlock Street Sold 4 bd · 2 ba · 960 sqft · $255 · 0.9 mi | $245,000 | 4 | 2 | 960 | $255 | 0.9 mi |
D 1038 W 5th Street Active 3 bd · 2 ba · 1,271 sqft · $260 · 0.3 mi | $329,900 List Price | 3 | 2 | 1,271 | $260 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Although the property features a new roof, new electrical panel, and fresh paint, the 1910 structure remains dated. The kitchen shows older painted cabinetry and basic appliances typical of a student rental, requiring modernization to move beyond a 'Fair' rating despite the well-maintained systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1492.
- Prime Investment Location
Situated just minutes from Chico State and downtown, this property is in a high-demand area for student rentals, ensuring a consistent tenant pool and strong rental history.
- Significant Capital Improvements
The home features a new roof, updated electrical panel, newer sewer line, and dual-pane windows, significantly reducing near-term maintenance costs and capital expenditure for a new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1492, other record living area = 1305.
- Vintage Construction
Originally built in 1910, the home may have underlying age-related characteristics or maintenance needs typical of century-old structures that are not addressed by recent cosmetic updates.
- Limited Parking Infrastructure
The property offers only a detached carport, which may be insufficient for a four-bedroom residence catering to multiple student tenants who likely possess individual vehicles.
About 631 W 8th Street
Attention investors! Great opportunity to own a proven income producing rental in one of Chico's most desirable college-area locations just minutes from Chico State and downtown. This property has been consistantly rented to students year after year, making it a great investment with a strong rental history. The home has been nicely maintained and offers a new roof, new electrical panel, fresh interior & exterior paint, dual pane windows, newer sewer line to the street, laminate wood floors and all necessary appliances including refrigerator, washer & dryer. The fenced back yard is spacious offering a covered porch and a detached carport. This turn key property is a wonderful investment opportunity!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 7,840.8 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,492 | 1,720.576 |
| Lot Size | 7,840.8 | 7,994.042 |
| Price | $349.0K | $487.0K |
| Price per sq ft | $234 | $303 |
| Built year | 1910 | 1992 |
| HOA | $0 | $154 |
| Days on market | 22 | 56 |
Pricing History
Listed for Sale
Oct 2, 2026
$349,000
Initial Listing
Sold
Jun 5, 2001
$128,000
Public Record