Price$1,590,000
Units8
Gross scheduled income$167,400
Seller NOI$118,072
Listed cap rate—
Days on market1
Photos
Listing remarks
Prime 8-unit multi-family property located within walking distance of the Chico State campus, dining, and retail. Built in 2007, this well-maintained asset consists of eight 3-bedroom, 2-bathroom townhomes. Each unit features a spacious open-concept living and kitchen area, an attached 1-car garage, and in-unit washer/dryer hookups. Owner-operated since construction, the property reflects true pride of ownership with a pristine exterior, well-conditioned interiors, and manicured landscaping. Boasting a low historical vacancy rate, this turnkey asset delivers a strong 7.4% cash-on-cash return even with below-market rents.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 5 | 3 | 2 | $1,800 | $1,950 |
| 2 | 3 | 3 | 2 | $1,650 | $1,950 |
Property facts
Year built2007
Parcel043280011000
Lot23,522 SF
Building/Living area6,400 SF
HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$1,590,000
Listing date2026-10-01
Buildings4
Leased units7
Operating expenses$49,328
Insurance$8,200
Water/sewer$7,200
Trash$3,600
Maintenance$2,500
Pest control$1,200
Annual tax$15,162
Rent controlNo
Electric meters9
Gas meters8
Water meters2
Garage spaces8
Parking24
LaundryWasher Hookup, Gas Dryer Hookup, In Garage
FlooringCarpet, Tile
CommunityBiking, Gutters, Storm Drains, Sidewalks
PoolNone
Senior communityNo
Last MLS update2026-10-02T13:19:20.870-00:00
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MLS attribution: Listing provided by Michael McCrady, Broker, Mike McCrady. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26212858. Information is deemed reliable but not guaranteed and may change without notice.