Prime opportunity for investors or a multi-generational family! This two-story duplex in North Chico features two spacious units, each offering 3 bedrooms and 1.5 bathrooms. All bedrooms and a full bathroom are located upstairs, with a convenient half bath downstairs. Each unit includes central heat and air, separate meters, upgraded dual-pane windows, a 2-car garage, additional driveway parking, and a large fenced backyard. Its sitting on a huge lot. This is one of the best duplexes I have seen in a while. Conveniently located within walking distance to the North Valley Mall shopping area, Trader Joe’s, Starbucks, CVS, restaurants, banks, a movie theater, and Chico transit stops along Lassen Avenue. Mature landscaping includes a front yard drip system and backyard sprinklers. One unit is vacant, the other is currently occupied by long-term tenant with great rental history. Built in 1980 and owned by the same family for approximately 40 years, this is a rare opportunity to add a solid duplex to your investment portfolio or create a great multi-generational living setup.
Well-positioned fully leased triplex offering an attractive residential income investment with a functional 2-bedroom, 1-bathroom floor plan in each unit. Each residence features a comfortable living room, dedicated kitchen, two bedrooms, one bathroom, and a front porch, creating a practical layout appealing to a broad range of tenants. With all three units currently leased, this property provides immediate rental income and an excellent opportunity for investors seeking a stable multifamily asset with long-term income and appreciation potential.
Well-positioned fully leased triplex offering an attractive residential income investment with a functional 2-bedroom, 1-bathroom floor plan in each unit. Each residence features two bedrooms, a spacious living room, kitchen, full bathroom, and practical hallway layout designed for comfortable living. With all three units currently leased, this property provides immediate rental income and an excellent opportunity for investors seeking a stable multifamily asset with long-term income and appreciation potential.
This exceptional property features three custom homes, owned solar, a sparkling pool, and designer landscaping with a rock retaining wall, all currently operating as successful Airbnbs. Furniture is negotiable for a truly turnkey opportunity. Home 1 – Historic Craftsman 3BD/2BA, Built 1906 Beautifully maintained with timeless character, vaulted ceilings, and a spacious primary suite. The main house enjoys private pool access and offers an ideal owner’s residence or premium rental opportunity. Home 2 – Detached ADU 1BD/1BA Built 2024 Modern finishes, private parking, and a fenced yard. Home 3 – Attached ADU 1BD/1BA Built 2024 Converted from the original garage, with private parking and its own outdoor space. Units 2 and 3 do not have access to the pool. Just minutes from Enloe Medical Center, restaurants, shopping, and downtown amenities. An exceptional opportunity for an income producing investment, multigenerational living, or a live in one/rent the others strategy, all in one of Chico’s most desirable locations.
TWO HOMES on ONE LOT! OWNER-CARRY OPPORTUNITY! Attention seasoned and new investors! Live in one house and rent out the other or rent them both! Don't miss this fantastic opportunity to expand your portfolio with this income-generating property. Located at the edge of The Avenues, near Lindo Chanel with easy access to Enloe, CSUC, freeway access, and Downtown Chico, this property is a prime investment. Property features TWO separate homes, each with street frontage, separate PG&E meters, carports and fenced yards. The first home (2050 Laburnum) is a spacious 2 bedroom, 2 bathroom home with a bonus room, indoor laundry and approximately 1096 square feet of living area, plus a private fenced patio area. The second home (355 East Lindo) features 2 bedrooms, and 1 bathroom, indoor laundry and is approximately 943 square feet with large, fenced front yard. Second unit is tenant-occupied through the end of September. This property is not just an investment, but a strategic addition to your portfolio with its reliable income stream and close proximity to Chico's amenities. Seize the opportunity and take the next step in building on your financial future!
This property consists of 5 bedroom 3 bath front home with oversized 2 car garage AND a one bedroom, one bath, one car garage back unit, which recently rented for $1,200/mo. - Built this century - not the same as 100 year old house! - Convenient location! - Many new or newer appliances! - Central A/C in both units! - Several off street parking spots and easy street parking! - Large trees provide nice shade! - VALUE! Home has been a rental and needs interior refresh - paint, carpeting - leaving those choices to Buyer.
CHARMING DOWNTOWN CHICO DUPLEX INVESTMENT OPPORTUNITY WITH TENANTS IN PLACE! Discover a rare opportunity to own a beautifully renovated duplex that blends timeless character with modern comfort in the heart of Downtown Chico, just minutes from the iconic Bidwell Park. Whether you're seeking a strong investment property, a house-hacking opportunity, or a long-term rental asset, this versatile duplex offers exceptional potential. Both units have been thoughtfully updated while preserving the original charm and architectural character of the home. Modern finishes, upgraded flooring, refreshed kitchens, new appliances, and stylishly renovated bathrooms create warm and inviting living spaces that appeal to today's tenants. A key advantage of this property is that it is being sold with tenants in place, providing immediate rental income and a seamless transition for the next owner. The downstairs unit features 3 bedrooms and 1 bathroom, while the upstairs unit offers 2 bedrooms, 1 bathroom, and a private balcony, perfect for enjoying fresh air and outdoor relaxation. Additional highlights include spacious living areas filled with natural light, separate entrances for each unit, and separate utilitiesoffering flexibility and ease of management for investors. Ideally located in a highly desirable Chico neighborhood, the property is just minutes from downtown dining, shopping, schools, parks, and public transportation, placing residents close to everything the city has to offer. Two units. Prime location. Immediate income. Strong investment potential. This is a rare opportunity to secure a well-located duplex with reliable tenants already in place.
Excellent Investment opportunity. Six-units, nearly identical, 1 bed, 1 bath, approximately 600 sq. ft. apartments. Two buildings. One with 4 units built in 1972 (new roof in May 2025) & second building with 2 units built in 1990 (new roof in Oct 2021). Pest clearance from 7/31/2025. These well maintained units have wall heat, wall A/C, functional open floor plans and semi-private patios. Detached laundry room (new roof in May 2025). 10 off-street parking spaces. Steady income with minimal vacancies over the past 20 years. Rents are below market. Interior photos are from units 2, 3 and unit 6 during most recent turnovers.
Magnolia Apartments is a 17-unit multifamily offering across two character buildings on one oversized parcel in the heart of Chico. 1129 Magnolia, built in 1908, is a classic two-story with a centered entry framed by mature landscaping. 1121 Magnolia, known locally as The French Quarter, was built in 1945 and adds its own street presence along a tree-lined block shaded by a heritage oak. The mix of five studios, eleven one-bedrooms, and one two-bedroom sits within walking distance of Chico State, Enloe Medical Center, Chico High School, and downtown dining, the deepest pocket of rental demand in Butte County. Major capital items are already handled: new roofs were installed in 2019, and units are equipped with new mini split systems for efficient heating and cooling. The standout feature is the land itself. The parcel extends well beyond the two buildings, with a large graded rear yard fronting an existing off-street parking field. A buyer here is acquiring more than 17 income units; they are acquiring a central Chico site with room to grow on their own timeline. Offering memorandum, rent roll, renderings, and video walk-through available upon request. Please do not disturb the tenants.
This true duplex is a solid investment property on a HUGE .52-acre lot with fruit trees and garden space. Unit A has been updated and rents for $2000 a month and is a spacious 3-bedroom 2-bath with newer double pane windows, HVAC, luxury vinyl flooring, a fireplace and newer washer and dryer and a large back yard with cherry trees, roses, lilacs and lots of shade trees. Unit B rents for $1500 a month. It has 2 good-sized bedrooms and 2 bathrooms and an open kitchen and living room with a fireplace and lots of natural light. It has a sunny patio and good size private back yard. Each unit has its own washer and dryer. 2 electric meters, 2 gas meters and tenants pay utilities. An over-sized carport provides 2 covered spaces and each unit has a storage cabinet in carport. Great rental history and long-term tenants. Situated in an established neighborhood and only a 10-minute drive to Chico State University. The famous Bidwell park is also 10 minutes away. Chico is a bustling college town known for its year-round farmers' markets, excellent restaurants, music, art galleries, award winning hospital and schools and world class outdoor activities. This would be a wonderful low-maintenance investment because the current property manager does a wonderful job and would love to continue managing it. It could also be a multi-generational living situation for someone wanting an urban gardening oasis. Septic has just been pumped.
Attention parents and investors! Don’t miss this exceptional opportunity to own a nicely maintained 3-bedroom, 2-bath home with over 1,200 square feet of living space in one of Chico’s most desirable college-area locations. Just minutes to Chico State and downtown, this property offers the perfect combination of convenience, comfort, and investment potential. Whether you’re looking for a home for your college student or a proven income-producing rental, this property checks all the boxes. It has been consistently rented to students year after year, making it an outstanding investment with a strong rental history. Inside, you’ll find a clean, move-in-ready interior featuring fresh paint, laminate flooring in the living area, new carpet in the bedrooms, and all major appliances—including the refrigerator, washer, and dryer—are included. The spacious, fully fenced backyard offers endless possibilities for outdoor activities or future enhancements. This is a rare opportunity to own a property in a high-demand location where student housing is always in demand. Whether you’re purchasing for a student, expanding your investment portfolio, or searching for a great value near Chico State, this property is one you won’t want to miss.
This newer, well maintained and well-located duplex property would be a fantastic addition to anyone’s investment portfolio, or could also be an amazing opportunity for a live-in-one-unit / rent-out-the-other “house-hacking” scenario. Comprised of one, 3 bedroom/2 bath unit and one, 2 bedroom/2 bath unit, that each offer their own private yards, indoor laundry, spacious kitchens and living spaces with great overall flow. Beautiful shade trees surround the property, there is plenty of both on-street and off-street parking and the units even offer garages as well! Take a look at this one quickly… Multi-family properties as clean as this do not come around often! ** The adjacent, identical property is also listed for sale for the same price. Seller would entertain a package sale as well ** One unit has been left vacant for showing purposes. Therefore, gross income information is based on pro-forma annual rents.
This newer, well maintained and well-located duplex property would be a fantastic addition to anyone’s investment portfolio, or could also be an amazing opportunity for a live-in-one-unit / rent-out-the-other “house-hacking” scenario. Comprised of one, 3 bedroom/2 bath unit and one, 2 bedroom/2 bath unit, that each offer their own private yards, indoor laundry, spacious kitchens and living spaces with great overall flow. Beautiful shade trees surround the property, there is plenty of both on-street and off-street parking and the units even offer garages as well! Take a look at this one quickly… Multi-family properties as clean as this do not come around often! ** The adjacent, identical property is also listed for sale for the same price. Seller would entertain a package sale as well ** One unit has been left vacant for showing purposes. Therefore, gross income information is based on pro-forma annual rents.
Whether you're looking to expand your investment portfolio or take advantage of a house-hacking opportunity, this Barber Yard duplex is full of potential. The front home offers 2 bedrooms, 1 bathroom, and beautiful original hardwood floors that add warmth and character. Tucked behind, the spacious 1-bedroom, 1-bath unit provides a comfortable layout for tenants or extended family. A large detached garage off the alley presents exciting possibilities and may offer potential for future conversion into an additional unit (buyer to verify). Each unit has it's own laundry, a low-maintenance yard, and oversized raised garden beds ready for your favorite flowers, herbs, or vegetables. With multiple income possibilities in one of Chico's most beloved neighborhoods, this is a property worth a closer look.
Courtesy: Mountain Valley Real Estate
530-524-1975
FOR RENT!! Welcome to this charming and well-maintained home located in the desirable Bar Triangle neighborhood of Chico! This inviting property offers the perfect blend of comfort, style, and convenience, making it an ideal place to call home. Enjoy a bright and spacious floor plan with abundant natural light, a well-appointed kitchen, comfortable living spaces, and generously sized bedrooms designed for everyday living. The home also features a private backyard--perfect for relaxing, entertaining, or enjoying Chico's beautiful weather. Conveniently located near parks, schools, shopping, dining, and with easy access to major roads, this home offers both tranquility and accessibility. Property Highlights: Spacious and inviting floor plan Bright living areas with plenty of natural light Well-equipped kitchen with ample cabinet and counter space Comfortable bedrooms with generous closet space Private backyard for outdoor enjoyment Attached garage and driveway parking Quiet, desirable neighborhood Close to shopping, restaurants, schools, parks, and more Don't miss the opportunity to make this wonderful house your next home. Contact us today to schedule a showing and experience everything this beautiful Chico property has to offer!
Fantastic 5-unit investment opportunity! Located in a quiet, desirable neighborhood near shopping, dining, schools, and parks, and only a few blocks from Enloe Hospital. This versatile property offers strong income potential and long-term value. The building is a single-family conversion into a 5-unit complex featuring generous living spaces and a balanced unit mix. Includes a shared ground-level coin-operated laundry room, along with an excellent rental history and strong occupancy potential.
Discover a unique opportunity at 1326 Mulberry Street, a well-maintained multi-unit property ideally located near downtown Chico, California State University, Chico, and a variety of shopping, dining, and entertainment options. This triplex offers two structures; a 2 bedroom 2 bath home in front, and a Duplex in the back with alley access. The duplex consists of a studio with a bathroom and a 1 bedroom 1 bath unit. All 3 units have fenced individual yards, separate meters, parking, and low maintenance yards. The front residence was fully renovated in 2023 and offers an attractive floor plan featuring two large primary suites, each with a private en-suite bathroom. This layout is especially appealing for roommates, students, tenants seeking additional privacy, or someone looking to live on the property while taking advantage of the rental offset! If you are an FHA buyer, you may use the rents of the other units to qualify for your loan!! Interior upgrades include durable luxury vinyl plank flooring, an updated kitchen with modern finishes, and stylishly remodeled bathrooms. There is space for parking which is covered as well as plenty of off-street parking. A BRAND-NEW roof was installed in 2026 including new under sheathing and edge metal. The entire exterior of the duplex has had extensive work done to repair the siding which includes a full paint job to match the front residence as well as an existing durable metal roof. Inside, you will find fresh paint, new carpet, new blinds, and functional layouts. The studio has a very large main room that has plenty of storage and the 1 bedroom has both a closet in the living room and main bedroom. Whether you're an investor seeking a turnkey addition to your portfolio or an owner-occupant looking to generate supplemental income, this versatile multi-unit property offers an outstanding combination of location, functionality, and income potential.
Hard to find 2 acers with City services to the property at the street. Today's use is a 2-bed home and 2 emergency disaster RVs hooked to electric and water located on the back acre. This property could be a great in-fill project with 12 to 16 lots and a tee turn around. The buyer wants affordable housing, and this project is just the space that project is meant to be. Frontage on Godman is 187 feet, with water, Sewer and Storm drain at front of property. This bite size project is perfect for a smaller developer and Chico needs good clean first-time buyer homes. Call for information
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.
2 units, 1 lot, unbeatable location! Situated in North Chico near local favorites like Hooker Oak Park and Bidwell Park. Built in 2008, this exceptional property offers endless possibilities with a beautifully maintained 3-bedroom/2bath downstairs unit and a 2 bdrm 2 bath unit upstairs...both with their own garages. Whether you’re searching for a multi-generational living setup, an investment opportunity, or the chance to generate additional rental income, this property checks all the boxes. Step inside the 3 bdrm unit and immediately appreciate the bright, inviting atmosphere featuring fresh and new carpet. This home features the open-concept layout, abundant natural light, and a spacious living room designed for gathering with family and friends. The kitchen is ideal for the everyday chef, complete with warm wood cabinetry, generous counter space, new stainless steel appliances, and a convenient breakfast bar perfect for casual dining. The primary suite provides a comfortable retreat with a large closet and a private en suite bathroom suited for busy mornings. Additional highlights include ceiling fans throughout, indoor laundry, an attached 2-car garage, and a private covered patio ready for outdoor dining and summer barbecues. The upstairs unit offers privacy and flexibility with its own private entrance and separate amenities. Inside, you’ll find a spacious living area, a full kitchen, a primary bedroom with an en suite bath, an additional guest bedroom, a private balcony for enjoying the outdoors, and a designated 1-car garage. With income-producing potential, versatile living arrangements, an extensive list of amenities, and a prime Chico location close to parks, shopping, schools, and outdoor recreation, this is truly a rare opportunity you won’t want to miss!
Rare investment opportunity in Meriam Park featuring two homes on one lot with a combined 1,657 square feet and no HOA. This income-producing property offers a highly sought-after combination of a single-story 2-bedroom, 2-bath main residence (1,121 SF) and a detached 1-bedroom, 1-bath ADU (536 SF) privately situated above the garage. The main home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, a kitchen island with bar seating, built-in desk, spacious primary suite with walk-in closet, attached two-car garage, and low-maintenance outdoor space. The detached ADU offers its own private entrance, separate utility meter, tall ceilings, private balcony, walk-in shower, stainless steel appliances, and stacked washer and dryer. Both units are currently tenant occupied, providing immediate income potential for investors. The separately metered ADU offers flexibility for long-term rental income, multigenerational living, employee housing, or future owner occupancy. Located in the highly desirable Meriam Park master-planned community, residents enjoy convenient access to pickleball courts, dog parks, walking trails, fitness studios, restaurants, coffee shops, neighborhood retail, medical offices, and year-round community events. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible property in one of Chico's most desirable communities, opportunities like this are rarely available. Photos were taken prior to tenant occupancy. Current appearance may vary. Also listed as Residential Property SN26122898
Great investment opportunity in Chico’s desirable Barber District! This property offers two separate homes on one lot, making it a great option for rental income, multi-generational living, or an owner-occupied investment. The front unit is an adorable 1 bedroom, 1 bathroom home that is cute, clean, and full of charm. It features a laundry room, ceiling fan in the bedroom, a jetted tub/shower combo, a sweet white picket fence, its own yard space, and a storage shed. The back unit is accessed from the alley and offers 2 bedrooms and 1 bathroom with central heat and air, tile flooring, and ceiling fans in both bedrooms. With two homes, separate access, and a great location near downtown Chico, shopping, restaurants, and local amenities, this is a fantastic opportunity to add to your portfolio or live in one and rent the other. Don’t miss your chance to own a versatile property in one of Chico’s classic neighborhoods!
Exceptional opportunity featuring three distinct units with incredible flexibility, income potential, and future upside. This versatile property offers multiple residential-style living spaces with thoughtful updates throughout, creating an ideal setup for investors, owner-occupants, or those seeking flexible living arrangements. The front unit, prominently positioned along Oleander Ave, features vaulted wood ceilings, abundant natural light, an open-concept layout, updated bathroom, and its own dedicated HVAC system. The flexible studio-style floor plan lends itself to a variety of lifestyle and living configurations. The middle unit has been fully renovated and showcases granite countertops, tile flooring, pantry storage, in-unit laundry area, updated bathroom, tall ceilings, central heating and air, and direct access to a private outdoor living space. The back unit has been extensively improved and offers a unique two-story layout with stamped concrete floors, updated kitchen, built-in cabinetry, dramatic fireplace feature wall, soaring ceilings, abundant natural light, and central heating and air. Upstairs, the spacious primary suite includes a full bathroom, walk-in closet, and additional flex space ideal for a home office, gym, studio, or retreat area. Adding even more value, the rear portion of the property—accessible from the city alley—includes a separate structure already taken down to the studs, creating outstanding potential for future improvement, expansion, or additional living space (buyer to verify). With multiple units, updated interiors, private outdoor areas, and flexible floor plans, this property presents a rare opportunity with strong income-producing potential and long-term versatility
This is a great opportunity to have income property with 2 homes on 1 lot. New roofs, clean and well maintained. Solid rental history. This location is close to CSUC and services. Fenced back yards, some off-street parking on driveway. Low maintenance yard. But best of all, seller would like to finance with 20%-25% down with a 30-year amortization at 5.0% all due in 10 to 15 years. Buyer to provide qualifying information.
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.
