
Chico, California 95928
This Dual-Unit Residential Asset is listed at $435,000, providing a rare Two Homes on One Lot opportunity near its $413,823 Fair Market Value. The property holds a Condition Rating of 3, featuring a charming 1942 bungalow and a modern secondary unit with a Private Patio. Located in a Prime Downtown Location within the Chico Unified School District, it offers unmatched access to Bidwell Park and Chico State. Market trends for this district show high rental demand, making this a strategic acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking stable income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 686 E 7th Subject | $435,000* List Price | 3 | 2 | 1,202 | $350 | - |
A 1200 Ivy Street Sold | $306,425 | 3 | 2 | 1,102 | $278 | 0.9 mi |
B 1158 E 7th Street Sold | $430,000 | 3 | 2 | 1,260 | $341 | 0.4 mi |
C 324 W 16th Street Sold | $435,000 | 4 | 2 | 1,132 | $384 | 0.8 mi |
D 1212 Salem Street Sold | $325,000 | 3 | 1 | 1,147 | $283 | 0.7 mi |
E 1805 Hemlock Street Sold | $474,575 | 3 | 3 | 1,522 | $312 | 0.7 mi |
F 740 Orient Street Active | $435,000 List Price | 3 | 1 | 1,129 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and consists of two well-maintained units. While the front home retains its 1942 charm with original wood flooring and older kitchen cabinetry, the back unit has been updated with fresh interior paint, dual-pane windows, and modern flooring. The overall condition shows pride of ownership with functional systems and no immediate need for major renovation.
The rare two-homes-on-one-lot configuration offers exceptional flexibility for investors or owners looking to offset their mortgage by renting out the second unit.
Situated in the heart of Chico, the property is minutes from Bidwell Park, Chico State, and downtown amenities, ensuring high tenant demand and long-term value.
The property preserves 1940s character like wood-cased windows and a rock fireplace while incorporating modern needs like dual-pane windows and private laundry.
With only 1,202 total square feet split between two separate residences, the individual rooms and living areas are relatively small.
The 5,227 square foot lot is shared between two dwellings, which may result in reduced privacy and minimal private yard space for each unit.
What a gem! Located in the heart of downtown Chico, this charming bungalow offers an incredible opportunity with two homes on one lot, just minutes from Bidwell Park, downtown markets and restaurants, and Chico State. The front home features 2 bedrooms and 1 bathroom and is filled with classic character. Wood flooring runs through most of the living spaces, complemented by beautiful wood-cased windows that keep the home light and bright. The cozy living room centers around a charming white rock fireplace—perfect for relaxing evenings. Just off the living room is an adorable, bright white kitchen with ample cabinet space and a sweet dining nook. A basement provides excellent additional storage. Between the two homes, you’ll find a spacious shared yard with a storage shed. The back unit is a darling 1 bedroom, 1 bathroom home with its own inviting front patio. Inside, natural light pours into the space, highlighting the high ceilings and a spacious living room complete with a charming window seat. The living area flows seamlessly into the kitchen, which features a large picture window and a peninsula countertop with seating. This unit has fresh white interior paint, dual-pane windows, private washer and dryer closet and its own private driveway with alley access. Whether you’re looking for a fantastic investment opportunity or a place to live in one unit and rent the other, this downtown Chico property offers flexibility, charm, and an unbeatable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,202 | 1,640 | 25% |
| Lot Size | 5,227 | 6,969.8 | 27% |
| Price | $435.0K | $465.0K | 42% |
| Price per sq ft | $362 | $295 | 91% |
| Built year | 1942 | 1993 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 166 | 9% |
Feb 13, 2026
$435,000
Initial Listing
May 4, 2001
$96,000
Public Record