1501 W 3rd Street Chico, CA 95928
About the Property
Your Dream Investment Awaits: Meet the Multi-Unit Marvel Near Chico State! Hello Investors and Real Estate Enthusiasts! Allow me to introduce myself. I'm a charming multi-unit residential property positioned perfectly near Chico State University and the bustling downtown scene, but I'm not just a property; I'm your next portfolio game-changer. I offer four unique units for diverse income; My Front House (Unit #1) is a spacious 5-bedroom, 2-bathroom haven, perfect for roommates who want to balance study and play— With a more intimate 2-bedroom, 2-bath (unit #2) in the lower level. Unit #3 is a freestanding cottage featuring 3 bedrooms and 2 baths, this little gem offers a private fenced yard. Last but not, Unit #4— My 4-bedroom, 2-bath unit, which blends comfort and convenience, rounding out the quartet beautifully. Parking? Plenty! Say goodbye to the parking hunt. I offer ample off-street spots for cars, bikes, and scooters alike. Bonus Cash Flow? My Coin-Op laundry room does more than clean clothes—it adds to your income stream. Think of it as a mini-business within your investment. With a gross annual income of $75,600 and leases already set for the school year, I’m not just attractive—I make financial sense. I'm a turnkey operation, ready to add significant numbers to your bottom line. Come see for yourself why students love living here and why you'll love owning me! Call Your Realtor Today! I'm ready to meet you—are you ready to meet your next great investment?
Property Information
| Size | 5,575 SqFt |
|---|---|
| Price/SqFt | $120 |
| Lot Size | 0.31 Acres |
| Year Built | 1975 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN23165776 |
| Listed | 9/6/2023 |
|---|---|
| Modified | 3/26/2024 |
| Listing Agent | Steve Depa |
| Listing Office | Re/Max of Chico |
| Total Building | 3 |
| Total Units | 4 |
Property Features
- 5
- 5
- 1
- Sidewalks
- 0.00
- 6300.00
- 75600.00
- Wall Furnace
- 59454.00
- 16146.00
- None
- 187500
- Public Sewer
- 1
- 16146.00
- Public
- Evaporative Cooling
- Wall/Window Unit(s)
Listed by Steve Depa of Re/Max of Chico. Listing data last updated 5/8/2025 at 1:35 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/26/2024 3:17 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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