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!
Multi-familyProperty Type
1905Year Built
7,405 sq ftLot Size
$324Est. Price/Sq.Ft.
Listed by Matt Depa•DRE #01861484• Capital Rivers Commercial Inc
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
7
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1940
Sq. Ft.
1,956
Year built
1905
Style
Single Family Residential
County
Butte County
APN
004021005000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
R3
Medium-High Density Residential District
The R3 zoning district is applied to areas appropriate for medium-high density residential neighborhoods. Permitted densities range from a minimum of 14.1 to a maximum of 22 units per acre. Multi-family residential uses may be permitted to develop up to 30 dwelling units per acre when at least 15 Percent of the units are deed restricted housing affordable to low-income households at or below 80 Percent of Area Median Income (AMI). The R3 zoning district is primarily intended to implement the Medium-High Density Residential land use designation of the General Plan.
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Multiple units
Housing-Senior
Housing-Other
Recreation
Housing-Mobile home park
Property details
Interior
Laundry Information
Has Laundry
Area
Cooling Information
Central
Has Cooling
Room Information
Kitchen, Living Room
Flooring Information
Carpet, Laminated
Heating Information
Central Furnace
Has Heating
Interior Features
Entry Level: 1
Entry Location: 1
Ceiling Fan, Recessed Lighting
Levels: Two
Exterior
Exterior Information
Fencing: Wood
Has Fence
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Back Yard, Front Yard, Lot 6500-9999
Property Information
Total # of Units: 2
Common Walls: 1 common wall
Parcel Number: 004021005000
Attached Property
Total # of Stories: 2
Has View
Year Built Source: Assessor
Property ADU: No
Financial
Assesments Information
Assessments: Unknown
Lease / Rental Details
Operating Expense: $17,906
Rent Control
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 406953492
Listing Key Numeric: 406953477
Actual Rent: $2,000
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $24,000
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 406953493
Listing Key Numeric: 406953477
Actual Rent: $2,650
Total # of Baths: 2
# of Baths Full: 2
Furnished: Unfurnished
Total # of Beds: 4
Total Rent: $31,800
Total # of Units: 1
Expenses
Trash: $1,700
Total: $17,906
Maintenance: $3,000
Insurance: $2,100
Water Sewer: $2,400
Electric: $300
New Taxes: $6,581
Gardener: $1,825
Multi-Unit Information
Net Operating Income: $35,404
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 1,956
Gross Scheduled Income: $55,800
Gross Income: $4,650
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 2
# Of Buildings: 1
Vacancy Allowance Rate: 5
Vacancy Allowance: 2790
Neighborhood Information
Community Features: Suburban
Location Information
Latitude: 39.72684400
Longitude: -121.84898700
Directions: Esplanade, Right onto W Sacramento, Left onto Warner St, Right onto W First St, Right onto Cherry St, Property will be on your left
Public facts
Beds: 7
Baths: 2.0
Sq. Ft.: 1,956
Stories: 2.0
Lot Size: 7,405 square feet
Style: Single Family Residential
Year Built: 1905
Year Renovated: 1940
County: Butte County
APN: 004021005000
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
IDX Contact Info: 530-514-6288
Days Active in MLS: 39
Continuous Days Active in MLS: 39
Listing Agent Information
List Agent First Name: Matt
List Agent Last Name: Depa
Listing Office Information
List Office Name: Capital Rivers Commercial Inc
Selling Agent Information
Buyer Agent First Name: Nonmember
Buyer Agent Last Name: Nonmember
Selling Office Information
Buyer Office Name: Nonmember Office
Around this home
Schools
Citrus Avenue Elementary School
Public K-5 • Assigned • 0.8mi
6/10
Chico Junior High School
Public 6-8 • Assigned • 0.7mi
7/10
Chico High School
Public 9-12 • Assigned • 0.6mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
5% chance of being in a wildfire in next 30 years
8/10 Heat Factor
6 days above 105° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 41 days in 30 years
Provided by First Street
Historical weather
Chico, CA • 95928
Average low and high temperatures (°F)
61
39
62
42
73
48
75
48
84
57
92
62
93
63
96
64
91
61
80
53
63
45
54
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.4 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.
13.4 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$603,000 – $730,000
Sell confidently with a local market expert in Chico. 3 minutes to get started.