Price$389,000
Units1
Gross scheduled income$30,625
Seller NOI$20,399
Listed cap rate—
Days on market33
Photos
Listing remarks
Turnkey income, prime location, and built-in demand, this is what smart investing looks like. Located just blocks from California State University, Chico and the heart of downtown Chico, this fully occupied property offers immediate income and long-term potential in a consistently in-demand area. Currently tenant-occupied with four college renters in place, this property provides steady income from day one with a total monthly rent of $2,500. The proximity to campus, dining, shopping, and nightlife makes it a highly desirable location for student housing, helping support consistent occupancy. Set among Chico’s classic downtown charmers, this property combines the character tenants love with the location investors rely on, creating a strong, dependable addition to any portfolio.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 4 | 4 | $2,500 | $2,500 |
Property facts
Year built1930
Parcel004217001000
Lot4,356 SF
Building/Living area1,594 SF
HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$389,000
Listing date2026-04-12
Off-market date2026-05-18
Buildings1
Leased units1
Operating expenses$10,185
Insurance$2,329
Trash$424
Pest control$455
Tenant paysElectricity
Rent controlNo
Electric meters1
Gas meters1
Water meters1
LaundryWasher Hookup, Electric Dryer Hookup, Inside, Laundry Room
FlooringCarpet, Vinyl, Wood
AppliancesDishwasher, Free Standing Range, Gas Oven, Gas Range, Refrigerator, Range Hood, Self Cleaning Oven
InteriorBuilt In Features, Ceiling Fans, High Ceilings, Pantry, Storage, Tile Counters
ExteriorLighting, Rain Gutters
Lot featuresBack Yard, Corner Lot, Front Yard, Lawn, Level, Near Public Transit, Yard
CommunityCurbs, Gutters, Storm Drains, Sidewalks
ViewNeighborhood
PoolNone
Senior communityNo
Last MLS update2026-05-21T15:46:44.983-00:00
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MLS attribution: Listing provided by Parkway Real Estate Co., Robin Miller. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26081192. Information is deemed reliable but not guaranteed and may change without notice.