465 Waterford Drive Chico, CA 95973

$575,000 Active

About the Property

This beautifully updated duplex, situated in a highly peaceful and desirable neighborhood, offers an exceptional opportunity for both savvy investors and owner-occupants. The property boasts fantastic curb appeal thanks to its pristine exterior and lush, mature landscaping. This turnkey building features two excellent units: Unit A provides 2 bedrooms and 1 bathroom, while the larger Unit B offers 3 bedrooms and 2 bathrooms. Recent extensive updates include stylish new vinyl flooring, fresh carpeting, new interior paint, and elegant black-painted cabinets, enhancing the appeal of both spaces. Each unit is entirely self-sufficient, featuring a charming brick fireplace, multiple skylights that fill the interiors with natural light, private washers and dryers, a dedicated carport, and separate storage space. Crucially for investors, the utilities are split with separate gas and electric meters, and the home is well-maintained with a roof that is just a few years old. Furthermore, both residents can enjoy their own expansive, private backyard, surrounded by serene, mature landscaping, providing a perfect retreat. Don't miss this opportunity to acquire a well-maintained, income-producing duplex in a fantastic location!

Property Information

Size 2,157 SqFt
Price/SqFt $267
Lot Size 0.32 Acres
Year Built 1978
Property Type Residential Income
Zoning R2
Listing Number SN25271454
Listed 12/5/2025
Modified 12/6/2025
Listing Agent Amy Campbell
Listing Office Keller Williams Realty Chico Area
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Carport Spaces
  • 2.00
Cooling
  • Central Air
Fencing
  • Average Condition
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Operating Income
  • 44400.00
Gross Scheduled Income
  • 44400.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 40290.00
Operating Expense
  • 4110.00
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 287500
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 4110.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Dishwasher
  • Electric Oven
Community Features
  • Curbs
  • Sidewalks
Flooring
  • Carpet
  • Vinyl
Interior
  • Ceiling Fan(s)
  • Open Floorplan
Other Structures
  • Shed(s)
  • Two On A Lot
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone