131 W 3rd Chico, CA 95926
About the Property
Avenue Triplex with a Path to Five (Quadplex: 2 units + 2 non-conforming basement units + 1 single Family Home) Three blocks from Chico State, Enloe Hospital, and the Avenues. This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with a one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Property Information
| Size | 4,399 SqFt |
|---|---|
| Price/SqFt | $193 |
| Lot Size | 0.14 Acres |
| Year Built | 1963 |
| Property Type | Residential Income |
| Listing Number | SN26059148 |
| Listed | 2/27/2026 |
|---|---|
| Modified | 3/23/2026 |
| Listing Agent | Matthew Herman |
| Listing Office | Keller Williams Realty Chico Area |
| Total Building | 2 |
| Total Units | 5 |
Property Features
- 3
- 3
- 5
- 4
- 1.00
- 87396.00
- 87396.00
- Forced Air
- Two
- 63473.00
- 23923.00
- 1.00
- None
- 169800
- Public Sewer
- 2
- 5.00
- 23923.00
- Public
- Curbs
- Biking
Listed by Matthew Herman of Keller Williams Realty Chico Area. Listing data last updated 3/23/2026 at 11:02 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/23/2026 9:33 AM. 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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