2520 Alamo Avenue Chico, CA 95973

$780,000 Active

About the Property

Welcome to a truly rare investment opportunity in Chico—an impeccably maintained triplex situated on a generous 0.66-acre lot. This residential income property features three well-appointed units, each offering a distinct floor plan, individual character, and strong tenant appeal. All units show beautifully, are turn-key, and are professionally managed by a local property management company, making this an ideal hands-off investment. 2524 Alamo, the largest of the three units, offers a spacious living room complemented by a versatile bonus sunroom—perfect for crafting, a home gym, or hosting family and friends on game nights. Outside, enjoy a detached garage with roll-up door, ideal for a workshop along with covered storage. The expansive yard provides ample room for toys, hobbies, and outdoor activities. An electric gate adds both convenience and security. 2520 Alamo features two bedrooms and two bathrooms, a comfortably sized living room centered around a fireplace, outdoor area and covered parking—a highly desirable combination for tenants. 2522 Alamo also offers two bedrooms and two bathrooms and includes newer carpet, indoor laundry, a private patio, and covered parking, delivering both comfort and functionality. All three units are equipped with central heating and cooling and fireplaces, enhancing year-round comfort and rental desirability. As a major value add, a brand-new roof was installed in 2025, providing peace of mind and long-term savings for the next owner. The property is fully tenant-occupied and shown by appointment only. With its prime location, strong income potential, large lot size, and recent capital improvements, this triplex is a rare find in today’s investment market—an unbeatable opportunity for both seasoned and first-time investors alike. (Please note interior photos for unit 2520)

Property Information

Size 4,103 SqFt
Price/SqFt $190
Lot Size 0.66 Acres
Year Built 1978
Property Type Residential Income
Listing Number SN25281316
Listed 12/30/2025
Modified 12/30/2025
Listing Agent Michael Fortino
Listing Office Coldwell Banker Select Real Estate
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
Carport Spaces
  • 4.00
Community Features
  • Suburban
Cooling
  • Central Air
Exterior
  • Rain Gutters
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 70680.00
Gross Operating Income
  • 70680.00
Gross Scheduled Income
  • 70680.00
Levels
  • One
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 260000
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Total Actual Rent
  • 5890.00
Total Expenses
  • 3696.00
Uncovered Spaces
  • 4.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Brick
  • Stucco
Interior
  • Ceiling Fan(s)
  • In-Law Floorplan
Tenant Pays
  • Electricity
  • Gas
Fencing
  • Chain Link
  • Electric
  • Wood
Flooring
  • Carpet
  • Laminate
  • Tile
Heating
  • Central
  • Fireplace(s)
  • Forced Air
Other Structures
  • Outbuilding
  • Storage
  • Workshop
Appliances
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Water Heater
Utilities
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Water Available