202 W 2nd Chico, CA 95926

$850,000 Active

About the Property

Fantastic 5-unit investment opportunity! Located in a quiet, desirable neighborhood near shopping, dining, schools, and parks, and only a few blocks from Enloe Hospital. This versatile property offers strong income potential and long-term value. The building is a single-family conversion into a 5-unit complex featuring generous living spaces and a balanced unit mix. Includes a shared ground-level coin-operated laundry room, along with an excellent rental history and strong occupancy potential.

Property Information

Size 2,595 SqFt
Price/SqFt $328
Lot Size 0.14 Acres
Year Built 1895
Property Type Residential Income
Listing Number SN26158263
Listed 7/17/2026
Modified 7/21/2026
Listing Agent Teresa Smith
Listing Office Teresa E Smith, Broker
Total Building 1
Total Units 5

Property Features

# Electric Meters
  • 6
# Units Leased
  • 5
Cooling
  • Wall/Window Unit(s)
Electric
  • Standard
Fencing
  • None
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 93300.00
Gross Scheduled Income
  • 93300.00
Heating
  • Combination
Levels
  • Two
Net Operating Income
  • 71696.00
Operating Expense
  • 21604.00
Pool
  • None
Price Pe rUnit
  • 170000
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 21604.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Water Heater
  • Vented Exhaust Fan
Construction Materials
  • Wood Siding
  • Stucco
Interior
  • Wood Product Walls
  • Ceiling Fan(s)
Utilities
  • Sewer Connected
  • Electricity Connected
Community Features
  • Biking
  • Suburban
  • Park