536 W 3rd Street Chico, CA 95928

$1,426,000 Active
  • Front Exterior Front Exterior
  • Front Exterior
  • Drone
  • Coin Laundry
  • Rear Parking
  • Estimated Floor Plan

About the Property

536 W?3rd?Street, Chico, CA is a two-story, fully-leased investment opportunity just one block from California State University, Chico. As part of the distinguished Language Houses, the property features original mahogany flooring, built-in elements, and historic architectural charm. The multi-tenant building offers consistent annual rental increases and a history of early pre-leasing typically reaching full occupancy by January for summer move-in. Amenities include off-street parking and in-unit coin-operated laundry, ensuring both tenant convenience and strong investor appeal. Property can be purchased with 544 W 3rd St or separately.

Property Information

Size 3,415 SqFt
Price/SqFt $418
Lot Size 0.13 Acres
Year Built 1999
Property Type Residential Income
Listing Number SN25143631
Listed 6/26/2025
Modified 6/30/2025
Listing Agent Carrie Welch
Listing Office Capital Rivers Commercial Inc
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Cap Rate
  • 5.50
Flooring
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 101725.00
Gross Scheduled Income
  • 101725.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 78374.00
Operating Expense
  • 23351.00
Pool
  • None
Price Pe rUnit
  • 1426000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Tenant Pays
  • All Utilities
Total Expenses
  • 23351.00
Water Source
  • Public
Community Features
  • Gutters
  • Sidewalks
Cooling
  • Central Air
  • Wall/Window Unit(s)