Price$650,000
Units4
Gross scheduled income$50,580
Seller NOI$31,995
Listed cap rate—
Days on market2
Photos
Listing remarks
Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property's prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 2 | 1 | $1,025 | $1,300 |
| 2 | 1 | 2 | 1 | $1,200 | $1,300 |
| 3 | 1 | 2 | 1 | $995 | $1,300 |
| 4 | 1 | 2 | 1 | $995 | $1,300 |
Property facts
Year built1965
Parcel043180025000
Lot8,276 SF
Building/Living area3,016 SF
HeatingWall Furnace
CoolingWall Window Units
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$650,000
Listing date2026-06-15
Buildings1
Operating expenses$18,585
Insurance$3,094
Water/sewer$2,862
Trash$2,794
Maintenance$2,000
Rent controlYes
Electric meters4
Gas meters4
Water meters1
LaundryNone
Lot featuresLevel, Walkstreet
CommunitySidewalks
PoolNone
Senior communityNo
Last MLS update2026-06-17T13:55:45.663-00:00
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MLS attribution: Listing provided by Capital Rivers Commercial Inc, Matt Depa. Data source: CRMLS via Trestle / CRMLS. MLS ID SN26126309. Information is deemed reliable but not guaranteed and may change without notice.
