1288 W Sacramento Chico, CA 95926

$1,590,000 Active

About the Property

Prime 8-unit multi-family property located within walking distance of the Chico State campus, dining, and retail. Built in 2007, this well-maintained asset consists of eight 3-bedroom, 2-bathroom townhomes. Each unit features a spacious open-concept living and kitchen area, an attached 1-car garage, and in-unit washer/dryer hookups. Owner-operated since construction, the property reflects true pride of ownership with a pristine exterior, well-conditioned interiors, and manicured landscaping. Boasting a low historical vacancy rate, this turnkey asset delivers a strong 7.4% cash-on-cash return even with below-market rents.

Property Information

Size 6,400 SqFt
Price/SqFt $248
Lot Size 0.54 Acres
Year Built 2007
Property Type Residential Income
Listing Number SN26212858
Listed 10/1/2026
Modified 10/2/2026
Listing Agent Mike McCrady
Listing Office Michael McCrady, Broker
Total Building 4
Total Units 8

Property Features

# Electric Meters
  • 9
# Gas Meters
  • 8
# Units Leased
  • 7
# Water Meters
  • 2
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 8.00
Gross Income
  • 167400.00
Gross Scheduled Income
  • 167400.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 118072.00
Operating Expense
  • 49328.00
Parking Total
  • 24.00
Pool
  • None
Price Pe rUnit
  • 198750
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 44680.00
Uncovered Spaces
  • 16.00
Water Source
  • Public
Flooring
  • Tile
  • Carpet
Community Features
  • Gutters
  • Biking
  • Storm Drains
  • Sidewalks