2217 Tapia Way Chico, CA 95928

$650,000 Active

About the Property

Rare investment opportunity in Meriam Park featuring two homes on one lot with a combined 1,657 square feet and no HOA. This income-producing property offers a highly sought-after combination of a single-story 2-bedroom, 2-bath main residence (1,121 SF) and a detached 1-bedroom, 1-bath ADU (536 SF) privately situated above the garage. The main home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, a kitchen island with bar seating, built-in desk, spacious primary suite with walk-in closet, attached two-car garage, and low-maintenance outdoor space. The detached ADU offers its own private entrance, separate utility meter, tall ceilings, private balcony, walk-in shower, stainless steel appliances, and stacked washer and dryer. Both units are currently tenant occupied, providing immediate income potential for investors. The separately metered ADU offers flexibility for long-term rental income, multigenerational living, employee housing, or future owner occupancy. Located in the highly desirable Meriam Park master-planned community, residents enjoy convenient access to pickleball courts, dog parks, walking trails, fitness studios, restaurants, coffee shops, neighborhood retail, medical offices, and year-round community events. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible property in one of Chico's most desirable communities, opportunities like this are rarely available. Photos were taken prior to tenant occupancy. Current appearance may vary. Also listed as Residential Property SN26122898

Property Information

Size 1,657 SqFt
Price/SqFt $392
Lot Size 0.08 Acres
Year Built 2022
Property Type Residential Income
Listing Number SN26124754
Listed 5/29/2026
Modified 6/9/2026
Listing Agent Nicole Carter
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Construction Materials
  • Stucco
Cooling
  • Ductless
Fencing
  • Wood
Flooring
  • Vinyl
Garage Spaces
  • 2.00
Gross Income
  • 44940.00
Gross Scheduled Income
  • 44940.00
Heating
  • Ductless
Net Operating Income
  • 32140.00
Operating Expense
  • 12800.00
Parking Total
  • 3.00
Pool
  • None
Price Pe rUnit
  • 325000
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 12800.00
Uncovered Spaces
  • 1.00
Water Source
  • Public
Tenant Pays
  • Gas
  • Telephone
  • Cable TV
  • Electricity
Appliances
  • Disposal
  • Microwave
  • Tankless Water Heater
  • Gas Range
  • Gas Oven
  • Dishwasher
Community Features
  • Gutters
  • Curbs
  • Biking
  • Dog Park
  • Street Lights
  • Urban
  • Storm Drains
  • Sidewalks