Price$1,049,000
Units4
Gross scheduled income$78,000
Seller NOI$47,481
Listed cap rate—
Days on market457
Photos
Listing remarks
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico!
Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio.
All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage.
Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining.
Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential.
Key Features:
• 4 units with functional layouts
• Prime location near Chico State, shopping, and dining
• Strong rental history with excellent income potential
• Off-street parking and shared outdoor spaces
• Ideal for investors seeking stable, long-term returns
• Potential to add an additional unit at the rear of the property (utilities already trenched)
• Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms
• New mini split air conditioning (3 years old) in each unit
• Washer and dryer in all units except unit 2
Whether you're looking for a property with reliable rental income
or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice.
Mortgage may be transferable at discretion of lender.
Please do not disturb tenants. No showings without an accepted offer.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 3 | 1 | $1,695 | $1,895 |
| 2 | 1 | 2 | 1 | $1,195 | $1,295 |
| 3 | 1 | 3 | 1 | $1,595 | $1,695 |
| 4 | 1 | 2 | 1 | $1,595 | $1,695 |
Property facts
Year built1908
Parcel043241016000
Lot13,068 SF
Building/Living area2,489 SF
HeatingDuctless
CoolingDuctless
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$1,049,000
Listing date2024-10-17
Off-market date2025-04-16
ZoningR1
Buildings4
Operating expenses$28,959
Insurance$2,500
Water/sewer$1,200
Trash$1,200
Rent controlNo
Electric meters4
Gas meters4
Water meters4
FlooringLaminate
AppliancesBuilt In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer
InteriorCeiling Fans, Open Floorplan, Walk In Closets
Lot featuresTwo To Five Units Acre, Near Public Transit, Paved, Rectangular Lot, Street Level
CommunityBiking, Street Lights, Sidewalks, Urban
PoolNone
Senior communityNo
Last MLS update2026-01-26T17:39:12.620-00:00
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MLS attribution: Listing provided by Ryno Company, Michael Lee. Data source: CRMLS via Trestle / CRMLS. MLS ID SN24217204. Information is deemed reliable but not guaranteed and may change without notice.
