1038 W 5th Street Chico, CA 95928

$349,500 Active

About the Property

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.

Property Information

Size 1,271 SqFt
Price/SqFt $275
Lot Size 0.13 Acres
Year Built 1945
Property Type Residential Income
Listing Number SN26161414
Listed 7/29/2026
Modified 7/30/2026
Listing Agent Michael Fortino
Listing Office Coldwell Banker Select Real Estate
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Sidewalks
Electric
  • Standard
Exterior
  • Rain Gutters
Fireplace
  • None
Garage Spaces
  • 0.00
Heating
  • Wall Furnace
Interior
  • Ceiling Fan(s)
Levels
  • One
Other Structures
  • Shed(s)
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 349500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Style
  • Bungalow
Uncovered Spaces
  • 2.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Wood Siding
  • Stucco
Cooling
  • Wall/Window Unit(s)
  • Evaporative Cooling
Fencing
  • Wood
  • Average Condition
  • Brick
Flooring
  • Vinyl
  • Carpet
  • Laminate
Utilities
  • Natural Gas Available
  • Sewer Connected
  • Cable Available
  • Electricity Available
  • Water Connected
Appliances
  • Gas Cooktop
  • Water Heater
  • Disposal
  • Refrigerator
  • Vented Exhaust Fan
  • Gas Range