1617 Hemlock Street Chico, CA 95928

$479,000 Active

About the Property

TWO UNIT PROPERTY (with development potential). This well cared for income property could be just what you have been looking for. Consisting of a 3/2 main house with a bonus room and a fully detached 1 bed 1 bath apartment with its own private small yard and alley entry, this property is fully rented with wonderful tenants through July of 2026. Both structures have new roofs and new heat and air systems (HVAC in Main house and mini splits in the back unit). Interiors of both have gotten nice recent makeovers with updates including fresh paint, vinyl plank flooring, dual pane windows, some kitchen cabinetry and some new appliances. Both units feature their own indoor laundry rooms. Property is on city sewer and units operate on seperate power meters and tenants pay all utilities except water and sewer. There is an additional outbuilding (with new roof too!) that could possibly be developed into its own unit, rented out for storage or studio space or whatever your vision might be. Interior of main house has a unique floor plan that could also have possibilities for reconfiguration with one of the bedrooms that has an adjoining bathroom having its own dedicated back door entry. Located in a sweet central location in a desirable, walkable neighborhood, close to shopping, coffee shops, downtown, public transit and CSU Chico; when these units were listed for rent the property management company had applications come in rather quickly and it did not take long to have them rented. PLEASE DO NOT DISTURB TENANTS

Property Information

Size 2,018 SqFt
Price/SqFt $237
Lot Size 0.2 Acres
Year Built 1910
Property Type Residential Income
Listing Number SN25230035
Listed 10/1/2025
Modified 10/8/2025
Listing Agent Jennifer Parks
Listing Office Century 21 Select Real Estate, Inc.
Total Building 3
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Carport Spaces
  • 0.00
Construction Materials
  • Wood Siding
Fencing
  • Wood
Fireplace
  • None
Flooring
  • Vinyl
Garage Spaces
  • 0.00
Gross Income
  • 37500.00
Gross Scheduled Income
  • 37500.00
Levels
  • One
Net Operating Income
  • 34540.00
Operating Expense
  • 2960.00
Parking Total
  • 4.00
Pool
  • None
Price Pe rUnit
  • 239500
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 2960.00
Uncovered Spaces
  • 4.00
Utilities
  • Sewer Connected
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Sidewalks
  • Street Lights
Cooling
  • Central Air
  • Ductless
Style
  • Cottage
  • Traditional
Other Structures
  • Outbuilding
  • Storage
  • Workshop
Tenant Pays
  • Electricity
  • Gas
  • Trash Collection
Appliances
  • Gas Oven
  • Gas Range
  • Gas Cooktop
  • Refrigerator
Heating
  • Central
  • Combination
  • Ductless
  • Electric