
Chico, California 95973
This Residential Income Duplex is a Prime Investment Opportunity, listed at $542,500—positioned well below the $559,870 Fair Market Value by 3%. This valuation gap offers $17,370 in Instant Equity. With a Good Condition Rating and recent updates like new LVP flooring, this turnkey asset features private garages and outdoor patios for both units. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 88 Key West Subject | $542,500* List Price | 0 | 0 | 2,287 | $245 | - |
A 806 Alynn Lane Sold | $515,000 | 0 | 0 | 2,096 | $246 | 1.0 mi |
B 555 Morgan Active | $585,000 List Price | 0 | 0 | 2,523 | $232 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), the property is well-maintained and move-in ready. It features recent cosmetic updates including new LVP flooring and fresh interior/exterior paint. While the kitchen appliances and bathroom cabinetry appear to be original to the build date, they are functional and clean, fitting the 10-20 year 'Good' criteria.
Each unit features its own private entrance and a dedicated two-car garage, providing the privacy and functionality of two separate single-family homes.
The property is move-in ready with recent updates including new LVP flooring, fresh exterior paint, and updated interiors, minimizing immediate capital expenditure for new owners.
With a history of generating $3,550 in monthly rent and a versatile 3-bedroom/2-bedroom configuration, the property offers an attractive opportunity for investors or owner-occupants.
The 5,227 square foot lot is relatively small for a duplex, resulting in limited private outdoor space for each unit compared to single-family alternatives.
The property lacks any significant scenic views, which may be a drawback for buyers prioritizing aesthetic surroundings or natural vistas.
Clean, updated, and ready for its next owner—this duplex offers a fantastic opportunity for both investors and owner-occupants! Each unit enjoys its own private entrance, two-car garage, and private outdoor space, creating the feel and privacy of two separate homes. Upstairs, you'll find a bright and inviting 2-bedroom, 2-bath unit complete with its own washer and dryer, full kitchen, spacious living room, and newer flooring and paint. Large windows fill the home with natural light and offer peaceful treetop views, making this a comfortable space to call home. The 3-bedroom, 2-bath downstairs unit has its own private entrance on the opposite side of the building and features a large living room, spacious kitchen that opens to the main living area, and a dedicated laundry closet with its own washer and dryer. A sliding glass door leads to a private, enlarged patio, and this unit also includes its own private two-car garage. Recent improvements include fresh exterior paint and new LVP flooring. Whether you're looking to add to your real estate portfolio or searching for a smart owner-occupant opportunity, this property offers flexibility and income potential. Live in one unit and rent the other, or rent both for a solid investment opportunity. Previous rents were $1,600/month for the 2-bedroom unit and $1,950/month for the 3-bedroom unit. Two homes, two garages, private outdoor spaces, and plenty of possibilities—all in one property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.3 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,287 | 2,092.462 |
| Lot Size | 5,227 | 9,817.769 |
| Price | $542.5K | $531.5K |
| Price per sq ft | $237 | $212 |
| Built year | 2006 | 1959 |
| HOA | $0 | $0 |
| Days on market | 18 | 79 |
Aug 22, 2026
$542,500
Initial Listing
Oct 31, 2006
$420,000
Public Record