Price$479,000
Units2
Gross scheduled income$39,636
Seller NOI$28,465
Listed cap rate—
Days on market48
Photos
Listing remarks
Two Homes on One Lot in the Heart of Chico! Ideally located near Chico State, downtown, and all the best of central Chico, both homes have been tastefully updated and are full of charm! Each home features 2 bedrooms, 1 bathroom, approximately 1,000 sq. ft. of living space, private laundry areas, and fenced yards, perfect for privacy and outdoor enjoyment. The front unit is picture-perfect with fresh exterior paint, beautiful curb appeal, a carport, and both front and back yard space, including a cozy patio area. Inside, the home has been freshly painted throughout, including the kitchen cabinets, and includes updated light fixtures, mirrors, fans, cabinet hardware, and more. The back unit is equally adorable, set behind a white picket fence with a spacious front yard and private setting. It boasts a large living area and an open-concept kitchen that feels bright and inviting. This is a rare find, two updated homes on one lot, in an unbeatable location. Don’t miss your chance to own this Chico gem!
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 2 | 1 | $1,740 | $1,795 |
| 2 | 1 | 2 | 1 | $1,563 | $1,645 |
Property facts
Year built1928
Parcel003054006000
Lot9,583 SF
Building/Living area2,000 SF
HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$495,000
Listing date2026-03-31
ZoningR2-SD
Buildings2
Leased units1
Operating expenses$10,379
Insurance$1,924
Water/sewer$924
Trash$586
Vacancy allowance2.00%
Tenant paysElectricity, Gas
Rent controlNo
Electric meters2
Gas meters2
Water meters1
Parking6
LaundryInside, Laundry Room
FlooringCarpet, Laminate
AppliancesElectric Oven, Electric Range, Disposal, Refrigerator, Range Hood, Dryer, Washer
InteriorCeiling Fans, Recessed Lighting, All Bedrooms Down, Bedroom On Main Level
Lot featuresBack Yard, Front Yard, Landscaped, Near Public Transit, Sprinkler System, Walkstreet, Yard
CommunityCurbs, Gutters, Street Lights, Sidewalks
FencingAverage Condition
ViewNeighborhood
PoolNone
Senior communityNo
Last MLS update2026-05-19T05:12:26.990-00:00
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MLS attribution: Listing provided by Parkway Real Estate Co., Eric Stofa. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26069212. Information is deemed reliable but not guaranteed and may change without notice.
