1001 Salem Street Chico, CA 95928
About the Property
Discover a well-maintained, owner-occupied investment property in a desirable Chico location. This 3-unit building offers a comfortable live-in unit plus two turnkey rental units, creating an appealing combination of steady cash flow and personal living convenience. What makes it special: Owner-occupied layout: Live in a well-appointed unit with private entry. Ideally located just minutes from Chico State, Historic Downtown, and local dining and shopping, this tri-plex offers both convenience and long-term rental appeal. The property includes three separate units, a 2-bedroom, 1-bathroom, a 1-bedroom, 1-bathroom, and a studio, each with its own fenced backyard and shaded by mature trees, creating a comfortable and private setting for tenants. Two of the units have been recently remodeled, and all units are currently occupied by long-term tenants, providing immediate, stable income. A brand new 30-year roof across all three units adds long-term value and peace of mind for the next owner. Whether you’re looking to live in one unit while offsetting expenses or expand your portfolio with a well-positioned asset, this property offers a strong combination of location, functionality, and consistent rental demand. Tenant-occupied. Showings by APPOINTMENT ONLY!
Property Information
| Size | 2,032 SqFt |
|---|---|
| Price/SqFt | $246 |
| Lot Size | 0.18 Acres |
| Year Built | 1981 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN25099724 |
| Listed | 4/11/2025 |
|---|---|
| Modified | 6/4/2026 |
| Listing Agent | Tamara Lambert |
| Listing Office | Thrive Real Estate Company |
| Total Building | 2 |
| Total Units | 3 |
Property Features
- 3
- 3
- 3
- 1
- Wall/Window Unit(s)
- Wood
- None
- 0.00
- 35854.00
- 35854.00
- One
- 9855.00
- 25999.00
- 4.00
- None
- 166333
- Composition
- Public Sewer
- None
- 1
- 2857.00
- 25999.00
- Neighborhood
- Public
- None
- Low Pile Carpeting
- Rain Gutters
- Lighting
- Carpet
- Laminate
- Natural Gas
- Wall Furnace
- Gas
- Electricity
- Electricity Connected
- Water Connected
- Gutters
- Curbs
- Sidewalks
- Suburban
- Refrigerator
- Self Cleaning Oven
- Vented Exhaust Fan
- Free-Standing Range
- Gas Range
- Gas Oven
Price History
| Date | From | To | Change |
|---|---|---|---|
| 7/8/2025 | $509,000 | $499,000 | ($10,000) |
Listed by Tamara Lambert and David Wymore of Thrive Real Estate Company. Listing data last updated 6/19/2026 at 11:55 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/4/2026 2:40 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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