CRMLS SN25136312

1029 Salem Street, Chico CA 95928

Residential Income · Quadruplex · Active

$550,000
Price$550,000
Units4
Gross scheduled income$39,840
Seller NOI$27,784
Listed cap rate
Days on market308

Photos

1029 Salem Street, Chico CA 95928
1029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 959281029 Salem Street, Chico CA 95928

Listing remarks

Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

Unit mix

UnitCountBedsBathsActual rentPro forma
1111$690$1,000
2111$850$1,000
3111$900$1,000
4111$880$1,000

Property facts

Year built1930
Parcel005094014000
Lot7,841 SF
Building/Living area2,277 SF
Heating
CoolingDuctless, Wall Window Units
WaterPublic
SewerPublic Sewer

Additional MLS fields

Original list price$550,000
Listing date2025-06-19
ZoningR3
Buildings1
Operating expenses$13,860
Vacancy allowance3.00%
Tenant paysCable Tv, Electricity, Gas
Rent controlNo
Electric meters4
Gas meters4
Water meters1
LaundryNone
FlooringTile, Vinyl
AppliancesGas Oven, Gas Range, Refrigerator
InteriorCeiling Fans, Crown Molding, High Ceilings, Paneling Wainscoting
Lot featuresBack Yard, Front Yard, Trees, Walkstreet
CommunityCurbs
ViewNeighborhood
PoolNone
Senior communityNo
Last MLS update2026-04-23T18:53:50.150-00:00

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MLS attribution: Listing provided by Parkway Real Estate Co., John Barroso. Data source: CRMLS via Trestle / CRMLS. MLS ID SN25136312. Information is deemed reliable but not guaranteed and may change without notice.