811 West 2nd Avenue is an eight-unit apartment complex ideally located in the heart of Chico, just two blocks from Chico State University, the Safeway Shopping Center, and nearby restaurants. This prime location makes the property highly attractive to students, faculty, and commuters to campus, while still being only a few miles from downtown Chico. The complex consists of six two-story four-bedroom, two-bath units along with two studio units, providing a desirable unit mix and strong rental demand. The property offers off-street parking and is centrally located, allowing easy access to shopping, dining, public transportation, and major corridors throughout Chico. Several units have received recent updates, offering additional upside potential for future improvements and rent growth. This property presents a solid investment opportunity in a consistently strong rental market near the university.
Charming Charmer in the Avenue? Yes PLEASE! Discover the enchanting appeal of 476 E 7th Avenue, a delightful property in the heart of Chico. This unique offering includes a 3-bedroom, 1-bathroom front home and a cozy 1-bedroom, 1-bathroom back home, making it perfect for multi-generational living, guest accommodations, or a lucrative rental opportunity. The white picket fence symbolizes the American Dream of home ownership, and the yard is adorned with beautiful mature trees, creating a picturesque facade that exudes warmth and character. Both homes feature fully fenced yards, private patios, and convenient alley access. The property is connected to city sewer for added peace of mind. Step inside the front home to discover cool design details that give these residences unusual character. The glass block accents at the front door invite natural light to dance throughout the space, while open shelving in the kitchen adds a modern touch to this classic charmer. The fun shower has doubled as a bathtub for little ones in years past! Located in a vibrant neighborhood, #476 offers unparalleled access to some of the best amenities Chico has to offer. Whether you're taking a leisurely stroll through the nearby Bidwell Park or enjoying a vibrant farmers' market downtown, convenience and community are at your fingertips. Enloe Medical Center is only a quick 2 minute drive! Don't miss this rare opportunity to own a piece of Chico's charm that boasts both character and functionality.
Fantastic duplex offering two distinct units, each with highly desirable amenities and long term tenants. This property presents a unique opportunity for investors or homeowners seeking to generate rental income. Unit A (2 Bed, 2 Bath): Has seen some nice updates, this spacious unit features Luxury vinyl plank (LVP) flooring in the entryway, kitchen, dining area, and bathrooms. The living room and bedrooms offer the comfort of plush newer carpeting. This unit includes a private backyard with a covered patio and an attached 2-car garage. Unit B (2 Bed, 1 Bath): A well-maintained unit with a functional floor plan. It also boasts its own private backyard, a covered patio for outdoor enjoyment, and the convenience of an attached 2-car garage. Centrally located, this property is just a 5-minute drive from local shopping and groceries and only 10 minutes from the dining and entertainment of downtown. With key updates and prime amenities for both units, this duplex is a standout property.
This beautifully updated duplex, situated in a highly peaceful and desirable neighborhood, offers an exceptional opportunity for both savvy investors and owner-occupants. The property boasts fantastic curb appeal thanks to its pristine exterior and lush, mature landscaping. This turnkey building features two excellent units: Unit A provides 2 bedrooms and 1 bathroom, while the larger Unit B offers 3 bedrooms and 2 bathrooms. Recent extensive updates include stylish new vinyl flooring, fresh carpeting, new interior paint, and elegant black-painted cabinets, enhancing the appeal of both spaces. Each unit is entirely self-sufficient, featuring a charming brick fireplace, multiple skylights that fill the interiors with natural light, private washers and dryers, a dedicated carport, and separate storage space. Crucially for investors, the utilities are split with separate gas and electric meters, and the home is well-maintained with a roof that is just a few years old. Furthermore, both residents can enjoy their own expansive, private backyard, surrounded by serene, mature landscaping, providing a perfect retreat. Don't miss this opportunity to acquire a well-maintained, income-producing duplex in a fantastic location!
Exceptional investment opportunity near CSUC. This well-maintained 5-unit complex features spacious 3-bed/2-bath floor plans, each with full-sized washer/dryer. Kitchens have updated cabinets, countertops, and new appliances including stoves and refrigerators. Large upstairs bedrooms with dual closets add to tenant appeal. Major upgrades include dual-pane windows (2007), new roof (2013), upgraded blinds (2017), and new water heaters. Fully leased through June of 2026, offering stable income in a high-demand location.
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!
Move in ready duplex. Owners have taken wonderful care of this property, inside and out. Both units were most recently occupied by family members, so pride of ownership really shows. Spacious 2/2 and 2/1 units, each with an attached one car garage. Both units have central heat and air, remodeled kitchens, newer flooring/stoves/dishwashers/water heaters/windows. Adjoining back yards are extra large with lawn area and garden beds. HOA fee is $164/month and covers front yard and tree maintenance.
Welcome to 4 Lanterns apartments, a fantastic multifamily opportunity in Chico, CA. Built in 1983, this low-density community sits on a large 0.45 acre lot and features (4) spacious four-bedroom, two-bathroom floor plans with approximately 1,200 square feet each. The property is fully leased with (3) of the units leased "by the bedroom" to students attending California State University, Chico and (1) unit on a standard lease. Current average rents are $2,090 per unit, demonstrating the high demand for quality affordable housing. Just blocks from California State University, Chico and Enloe Hospital, the property benefits from a diverse tenant base of both students and non-students, yet current rents remain below market. Comparable properties of similar vintage and finishes are achieving rents above $595/bedroom, highlighting a clear path for organic rent growth as units turn. Offered at a compelling basis far below replacement cost, 4 Lanterns represents a rare opportunity to acquire strong day-one cash flow with prospects to add one or more ADUs on the empty, underutilized portion of the land fronting 2nd avenue.
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!
Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful Airbnbs! The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes three bathrooms—one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trex front porch, and a replaced $15k sewer line. Outside, you’ll find an abundance of fruit trees—peach, cherry, and fig—adding to the charm of this unique property. The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income. The permitted cottage, once a garage, has its own address and is currently an Airbnb favorite. It offers private laundry and versatile living space, along with a pool house featuring an on-demand hot water heater and a newer split HVAC system for comfort year-round. Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options—live in one while renting the other, or maximize investment potential by running both as rentals. With ample parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this property is as versatile as it is valuable. Opportunities like this—offering character, upgrades, and income potential—rarely hit the Chico market.
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.
Welcome to 1705 & 1707 Spruce Avenue, where timeless charm meets modern opportunity in the heart of the Avenues. This unique property sits on a spacious corner lot and offers two separate residences, a 3-bedroom main home plus a detached 1-bedroom, 1-bathroom cottage, just minutes from historic Downtown Chico, Chico State University, Bidwell Park, and a few short blocks from Enloe Medical Center. The main home radiates warmth and character, blending turn-of-the-century details with modern comforts like updated dual-paned windows, central heating and air, and a tankless water heater. The layout includes a spacious living room, a full bathroom, three well-sized bedrooms, and a private, fully fenced backyard featuring raised garden beds perfect for green thumbs or simply relaxing in your own retreat. A detached 1-car garage offers power, laundry hookups, and flexibility to use as a workshop, parking, or additional storage. Tucked away with its own private entrance and fully fenced yard, the charming detached cottage is a standout feature. With its own postal address, the cottage offers great separation and privacy. Recent upgrades throughout, including a fully equipped kitchen and a remodeled bathroom, make this unit move-in ready and highly desirable. Both units are currently leased with strong rental history and offer a cap rate well above 5%, making it an ideal property for investors looking to generate income from day one, or for future owner-occupants seeking flexibility and additional rental income. With shared utilities, City Sewer connection, and two homes on one lot, 1705 & 1707 Spruce Avenue is a rare gem in one of Chico's most desirable neighborhoods. Whether you're expanding your portfolio or planning for the future, this property offers location, lifestyle, and lasting value. Don't miss your chance to own a piece of Chico charm with built-in potential.
Updated and well-maintained, this 2-bedroom, 1-bath condo offers 950 sq ft of stylish, comfortable living in the desirable Richfield Gardens community. Enjoy modern finishes throughout, a thoughtfully designed interior, a private back patio, and the convenience of an in-unit stackable washer/dryer. A great opportunity for first-time buyers, investors, or anyone seeking low-maintenance living in a prime Chico location!
College Place 642 W. 1st Avenue Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses - Fenced common rear yard with bike racks and BBQ area - Professionally managed for many years with stable operations and low vacancy With a desirable unit mix, separate utility metering, professional management, and premium walkability, College Place offers a rare opportunity to acquire a high-performing, easy-to-operate asset in one of Chico’s most sought-after rental markets.
Charming Tri-Plex in the Heart of Chico – Always Rented! This centrally located tri-plex features three separate buildings at 1712, 1716, and 1722 Sherman Avenue. Each unit offers a functional layout with a downstairs bedroom and an additional loft-style bedroom upstairs. Unit 1722 includes the added bonus of a quarter bath upstairs and a full bath on the main level. All three homes include their own laundry room, kitchen, and living area, along with charming details like hardwood flooring and wood-cased windows. Each unit also enjoys its own private front and backyard space, individual driveways for parking. The property also includes the large lot on the corner! A fantastic investment opportunity with consistent rental history in a great Chico location!
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!
Beautifully Updated Home Near Chico State – Ideal for Investors who want a low maintenance property with appealing, high quality improvements! This charming 4-bedroom, 2-bathroom home sits on a spacious and private 0.3-acre lot just minutes from Chico State, making it an ideal choice for investors or anyone seeking to live near campus. The lot has potential for an easy lot spilt to create a second parcel with its own alley access - enjoy it as is or consider creating an ADU just like the next door neighbor did. In 2022, the home underwent a total remodel: Exterior updates included a new roof, cement fiber board siding, and fresh exterior paint, enhancing both curb appeal and long-term durability. Inside, the converted garage serves as the fourth bedroom with its own private entrance—perfect for guests, roommates, or generating additional rental income. Luxury vinyl plank flooring runs throughout the living areas and bedrooms, offering both modern style and easy maintenance. The inviting living room features a cozy seating area beneath a large picture window, creating the perfect space to relax. Adjacent to the living room, the dining area boasts a rustic wood plank accent wall that adds warmth and charm. The beautifully updated kitchen includes quartz countertops, a glass subway tile backsplash, white shaker-style cabinetry, and stainless steel appliances—everything you need in a functional and stylish space. The guest bathroom has been thoughtfully remodeled with tile flooring, a double-sink vanity topped with marble, stylish accent walls, and a tub/shower combo. Down the hall, you'll find two well-sized guest bedrooms and a lovely primary suite. The en-suite bathroom offers a newer walk-in tile shower, tile backsplash that matches the flooring, and a wood accent wall that adds character. Additional updates include new upgraded electrical wiring and windows. With designer touches, thoughtful improvements throughout, the potential for a lot split and/or ADU, and with its unbeatable location—just minutes from Chico State, shopping, restaurants, and more—this home is a rare find!
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!
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
Chico is located in California. Chico, California has a population of 103,898. Chico is more family-centric than the surrounding county with 27.86% 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 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 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.
