548 W 4th Avenue Chico, CA 95926

$409,000 Active

About the Property

Two units, one lot, and endless possibilities! Ideally located near Chico State, Downtown Chico, Enloe Medical Center, shopping, dining, and other local amenities, this versatile property offers a fantastic opportunity for both homeowners and investors. Live in one unit and rent out the other, or add both to your rental portfolio—the choice is yours! Step inside the main residence featuring 3 bedrooms and 1.5 bathrooms with hardwood flooring throughout. The spacious living room is full of character, showcasing wood-paneled walls, an open-beamed ceiling, and a cozy fireplace that creates a warm and inviting atmosphere. Just beyond is a separate dining area and a generously sized kitchen complete with tile countertops, crisp white cabinetry, and a gas cooktop. Additional conveniences include indoor laundry, a private driveway, and a backyard area perfect for barbecues, entertaining, or simply enjoying the outdoors. The detached studio offers its own private entrance and front patio, along with laminate flooring, a kitchen area, and a private bathroom providing excellent flexibility for rental income, extended living, or guest accommodations. With two separate living spaces and a convenient Chico location, this property offers a unique combination of versatility and potential. Whether you're looking to take your first step into homeownership or expand your investment portfolio, this is an opportunity you won't want to miss! NOTE: Photos are from when units were vacant. Front home currently rented until 5/27/27, studio until 4/27/27.

Property Information

Size 1,561 SqFt
Price/SqFt $262
Lot Size 0.18 Acres
Year Built 1941
Property Type Residential Income
Listing Number SN26217645
Listed 10/12/2026
Modified 10/13/2026
Listing Agent Kelsey Wakefield
Listing Office Re/Max of Chico
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Suburban
Fencing
  • Wood
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 37200.00
Gross Operating Income
  • 37200.00
Gross Scheduled Income
  • 37200.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 20096.00
Operating Expense
  • 16904.00
Pool
  • None
Price Pe rUnit
  • 204500
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Tenant Pays
  • All Utilities
Total Expenses
  • 17744.00
Uncovered Spaces
  • 0.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Gas Cooktop
  • Dishwasher
Cooling
  • Central Air
  • Wall/Window Unit(s)
Flooring
  • Wood
  • Laminate