Situated in a highly coveted location just steps from Chico State University, vibrant downtown Chico, and an array of local amenities, this charming duplex offers an exceptional investment opportunity. Whether you're aiming to generate additional income or grow your real estate portfolio, this property features two well-designed units that blend comfort with convenience. Each unit includes its own private entrance for enhanced tenant privacy, along with a thoughtfully arranged kitchen complete with bar seating—ideal for casual meals. Sunlight fills the spacious living areas through abundant windows, showcasing the early 1900s character that sets this property apart. The large bedrooms offer a comfortable retreat, complemented by ceiling fans throughout to maintain year-round comfort. Additional highlights include a shared laundry area, private front decks for each unit, a generous backyard perfect for relaxing or entertaining, eight parking spaces per tenant, and the modern comfort of central heating and air. Whether you're an experienced investor or just beginning your real estate journey, this is a rare opportunity to own a classic Chico property with both timeless charm and strong income potential. Don’t miss your chance—invest in one of Chico’s most desirable locations today!
Chico Charmer with 3 UNITS. TWO units in the main house, a separate home to the right of the house. Coin-op. Laundry.
Amazing and affordable opportunity! This property is about as turn-key of an investment as you could hope to find. Nicely remodeled and fully occupied duplex – located within walking distance of Downtown Chico, Saturday Farmer’s Market and even beautiful Bidwell Park. These updated 3 bedroom units are always in high demand, are consistently rented and would be a fantastic addition to any portfolio. Priced to sell!
PRICE REDUCED on this TWO UNIT PROPERTY (with additional outbuilding - possible studio? ). This well cared for income property could be just what you have been looking for. Consisting of a 3/2 main house with a bonus room and a fully detached 1 bed 1 bath apartment with its own private small yard and alley entry, the ADU is rented through July of 2026. The Main house is Now Vacant and available for an owner occupant to move in or an investor to lease to new tenant. Both structures have new roofs and new heat and air systems (HVAC in Main house and mini splits in the back unit). Interiors of both have gotten nice recent makeovers with updates including fresh paint, vinyl plank flooring, dual pane windows, some kitchen cabinetry and some new appliances. Both units feature their own indoor laundry rooms. Property is on city sewer and units operate on seperate power meters and tenants pay all utilities except water and sewer. There is an additional outbuilding (with new roof too!) that could possibly be developed into its own unit, rented out for storage or studio space or whatever your vision might be. Interior of main house has a unique floor plan that could also have possibilities for reconfiguration with one of the bedrooms that has an adjoining bathroom having its own dedicated back door entry. Located in a sweet central location in a desirable, walkable neighborhood, close to shopping, coffee shops, downtown, public transit and CSU Chico; when these units were listed for rent the property management company had applications come in rather quickly and it did not take long to have them rented. PLEASE DO NOT DISTURB TENANT
Discover 541 W 5th Street—an exceptional 7-unit property perfectly positioned in the lively core of downtown Chico. This classic multi-family residence places you just steps from popular restaurants, shops, entertainment venues, and only a short walk to Chico State University. With several long-term tenants already in place, it offers both stability and opportunity for investors. Properties like this rarely come on the market, making it a unique chance to secure a valuable income-producing asset right in the heart of Chico. All of this at an 8.25 cap rate.
PRICED TO SELL! Motivated seller just slashed the price by $50,000! With built-in income (back unit is currently rented month-to-month at $1,400/mo) this property has tons of potential! Step into Chico history with this classic charmer, offering not just one, but two separate homes on one corner lot. The front home, 1805 Hemlock, was originally built in 1905, and its timeless character still shines through today. Thoughtful updates have brought modern comfort while preserving its historic appeal, creating a warm and inviting space ready for its next chapter. Inside, you’ll find 2 bedrooms, 2 bathrooms, and over 1,100 sq. ft. of living space. Highlights include original hardwood floors, fresh paint, updated dual-pane windows, a beautifully refreshed kitchen with butcher block counters, new vinyl flooring, new mini-split heat/air, a gas range, and ample pantry storage. The living room glows with natural light, while the dining room’s wood-paneled walls nod to the home’s roots. The primary suite offers high ceilings, a spacious ensuite with tub/shower combo, and plenty of closet space. A second bedroom at the front of the home, a large laundry room with a utility sink, and a bonus space overlooking the backyard add both charm and function. Just behind it sits 387 E 18th St, a darling studio ADU with its own kitchen and bathroom, built in 2020. This modern, light-filled cottage includes vaulted ceilings, LVP flooring, a farmhouse sink, solid-surface counters, a garden window, and its own private backyard. Currently tenant-occupied, the renter would love to stay, offering instant passive income to the next owner. Each home enjoys its own yard and separate entrances, giving you privacy and flexibility whether you’re looking to house-hack, create a multi-generational setup, or expand your rental portfolio. Set on a corner lot with inviting curb appeal, this property blends the character of Chico’s history with the practicality of modern upgrades and the bonus of built-in income. Rarely does a dual-home property like this come available. Two homes...One lot... Endless opportunities!
Two Homes on One Lot in the Heart of Chico’s Barber District! This rare find combines classic Chico character with modern updates and incredible income potential. Whether you’re an investor, looking for multi-generational living, or simply want a property where rental income can help offset your mortgage, this opportunity is one you won’t want to miss. The front home is a 2-bedroom, 1-bathroom charmer with an additional bonus room that can serve as an office, den, or even a third bedroom. Inside, you’ll love the original hardwood floors, large picture windows that fill the space with natural light, and an updated kitchen featuring crisp white cabinetry, marble-look counters, stainless steel appliances, and a gas range with a view of the backyard. Peace of mind comes easy with a newer central HVAC system and a 60-year composition shingle roof, both installed in 2021. Tucked away at the rear of the property is the second home, a private studio unit complete with its own kitchen, bathroom, and living/sleeping area. With both alley and backyard access plus a dedicated parking space, it’s ideally set up for rental income, a guest retreat, or even an artist’s studio. Outdoor spaces add even more appeal, from the fenced front yard and welcoming porch perfect for morning coffee, to the backyard with room for storage, a garden, or simply a place to relax. And the location? Unbeatable. Just blocks from Chico State, Chico Country Day School, Rotary Park, and Downtown Chico’s shops, restaurants, and events, you’re at the center of one of Chico’s most premier and historic neighborhoods. Whether you’re searching for an income-producing property or a versatile home with classic Chico charm, this Barber District gem with two homes on one lot checks all the boxes.
Income-Producing Multi-Unit Property in Prime Chico Location!!! Welcome to 1326 Mulberry Street, a rare and desirable multi-unit property offering a fantastic investment opportunity in the heart of Chico. Situated just minutes from downtown, Chico State, and local shopping and dining, this property provides excellent access and consistent rental demand. The front home has been beautifully updated and features two spacious master bedrooms, each with its own private bathroom—an ideal layout for shared living or maximizing rental income. Inside, you'll find durable vinyl plank flooring, a modernized kitchen with contemporary finishes, and renovated bathrooms that blend style and functionality. Each unit on the property is individually fenced and offers private yard space—a highly desirable feature for tenants seeking both privacy and outdoor living. Whether lounging, gardening, or entertaining, these private outdoor areas add significant appeal. This versatile property includes a mix of unit types, each with its own entry and character, making it ideal for a variety of rental strategies—long-term tenants, student housing, or short-term rentals. The property also offers ample off-street parking, separate meters, and a low-maintenance exterior, making ownership both efficient and profitable. Don’t miss this opportunity to own a turnkey multi-unit property in one of Chico’s most accessible and tenant-friendly neighborhoods. Perfect for investors looking to expand their portfolio or owner-occupants wanting to offset their mortgage with rental income!
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!
Premier Investment Opportunity! This beautifully updated tri-plex, situated near Downtown Chico, Chico State, shopping, and dining, features three 1,300 sqft townhouse-style units, each with 3 bedrooms and 3 bathrooms. Each unit showcases newer vinyl plank flooring, inviting living rooms with classic brick fireplaces, and modern kitchens equipped with white appliances, including newer dishwashers, gas stoves, ranges, refrigerators, and garbage disposals. Enjoy private fenced patios, ample storage, central heating and cooling, in-unit washers and dryers, and off-street parking. Professionally managed, this property is an ideal turnkey investment in a prime location.
Charming Tri-Plex Near Chico State - Recently Remodeled & Rented with a brand new 30 year roof! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
Are you in the market to purchase 2 charming homes on one lot in Chico? Then, you need to purchase this property. This property features 2 charming homes, the front home is a 2 bedroom 1.5 bath 928 sq. ft. home that was built in 1957. It has been recently remodeled with NEW exterior paint, NEW interior paint, NEW dual pane windows, NEW cabinets, NEW countertops, NEW appliances, NEW Flooring and a NEW updated downstairs bathroom. The back house is an adorable 3 bedroom 2 bathroom 800 sq. ft. ADU home that was built in 2022. Each home features their own privately fenced low maintenance yards, and separate utility meters. Don’t miss your opportunity to purchase this property!
Charming 3-Bedroom Home with RV Parking & Modern Upgrades! Discover this beautifully remodeled 3-bedroom, 2-bath home, featuring RV parking and a host of modern upgrades. Perfectly designed for comfort and convenience, this home offers spacious living areas, stylish finishes, and a low-maintenance yard with a drip system. House Features: Bright & Airy Living Space – Vaulted ceilings in the family room create an open and inviting atmosphere. Updated Kitchen – Granite countertops, a new 5-burner gas stove (self-cleaning), large stainless sink, built-in microwave, refrigerator, and dishwasher. Tons of cabinet space, a butler’s pantry, and a breakfast bar. Spacious Bedrooms – The master suite features double entry doors, three closets, and an en-suite bath with double sinks, granite counters, a walk-in closet, and brand-new shower doors. Bedrooms 2 & 3 are generously sized with oversized closets and large windows. Laminate Flooring Throughout – Easy maintenance and a stylish look! Garage with Extra Storage – Washer/dryer, wash sink, built-in workspaces, and ample storage cabinets. RV Parking – 12' x 40' space behind double gates. Prime Location: Conveniently located near shopping, dining, and top-rated schools – including Little Chico Creek Elementary & Hank Marsh Jr. High. Investor Opportunity! This home was remodeled as an investment property just 2 years ago and is currently leased at $2,500/month. Don't Miss Out! For more details or to schedule a showing, contact us today!
Chico is located in California. Chico, California 95928has a population of 103,898. Chico 95928 is more family-centric than the surrounding county with 27.51% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Chico, California 95928 is $60,507. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Chico 95928 is 30.3 years.
The average high temperature in July is 94.4 degrees, with an average low temperature in January of 36.9 degrees. The average rainfall is approximately 27.8 inches per year, with 0.1 inches of snow per year.
