893 895 Netters, Chico, California 95973, Chico, 95973 - 0 bed, 0 bath
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Chico, California 95973
This Income-Generating Duplex Asset in Morseman Village is listed at $535,000, representing a stable acquisition aligned with neighborhood comparables despite a $447,947 Fair Market Value. Boasting a Condition Rating of 4, the property is well-maintained with recent paint, carpet, and a Gross Scheduled Income of $39,984. The expansive 0.32-acre lot is a standout feature, providing each unit with a private patio and a large backyard. This stable, tenant-occupied property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, income-producing home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 893 895 Netters Subject | $535,000* List Price | 0 | 0 | 2,096 | $214 | - |
A 2842 Jolyn Sold | $530,000 | 0 | 0 | 2,426 | $218 | 0.3 mi |
B 550 Morgan Drive Sold | $580,000 | 0 | 0 | 2,538 | $229 | 0.5 mi |
C 806 Alynn Lane Pending | $524,900 List Price | 0 | 0 | 2,096 | $250 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this duplex is well-maintained but shows clear signs of age. While it has received recent cosmetic updates such as new paint and carpet, the overall architectural style, fixtures, and major systems remain dated. It is functional and tenant-occupied, but lacks the comprehensive renovation required for a higher rating.
With a Gross Scheduled Income of $39,984 and long-term tenants already in place, this duplex provides immediate cash flow and investment stability in a desirable Chico neighborhood.
The property sits on a generous 0.32-acre lot, offering each unit a large private backyard, which is a rare and highly attractive feature for multi-family tenants.
The units have been refreshed with new paint and carpet, and unit 895 includes specific upgrades like new toilets and laundry hookups, reducing immediate capital expenditure for the buyer.
The $164 monthly HOA fee adds a recurring operating expense that impacts the net operating income and may be a deterrent for investors seeking lower overhead.
Built in 1980, the property may require future investments in major infrastructure components, such as roofing or HVAC, which are not addressed by the recent cosmetic updates.
Morseman Village duplex. 893 and 895 Netters Circle Long term tenants . Nice feel to the neighborhood with all mowed front lawns and tree lined streets. HOA is $164.00 a month and includes front landscaping . This is a subdivision of duplex’s . This duplex has a 2/1 and 2/2 and both have single car garages and fireplaces . . Units have been updated with paint and carpet . This duplex is on .32 of and acre and each unit has large back yard. These units have upgraded . Rents are $1462 including water and $1870 including waterGSI $39,984. 895 has new toilets, new garbage disposal and new hookups for washer , dryer .
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 | 2,096 | 2,482 | 25% |
| Lot Size | 13,939.2 | 13,721.6 | 50% |
| Price | $535.0K | $557.5K | 50% |
| Price per sq ft | $255 | $223 | 75% |
| Built year | 1980 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 133 | 25% |
Apr 14, 2026
$535,000
Initial Listing
Sep 16, 2019
$410,000
Public Record