604 Salem Street Chico, CA 95928

$899,000 Active

About the Property

Fantastic Investment Opportunity in the Heart of Downtown Chico! This unique property is full of charm, character, and architectural appeal—all set on a desirable corner lot just steps from local restaurants, shops, parks, and the farmers market. The building is divided into five distinct units: a spacious 2-bedroom, a 1-bedroom, and three private-entry studios—each offering its own personality and layout. Two of the units have been tastefully updated, with one featuring the added convenience of in-unit laundry. The standout two-bedroom unit showcases a two-story layout with a spiral staircase, fireplace, and a private exterior balcony—perfect for enjoying morning coffee or relaxing in the evening. Outside, a large yard with raised decks provides space for gatherings, barbecues, or simply enjoying the shade of mature trees. Brick and concrete walkways, along with wrought iron, brick, and wood fencing, add both charm and privacy. This is a rare chance to own a one-of-a-kind multi-unit property in Downtown Chico—a location that continues to attract high rental demand. Whether you’re expanding your portfolio or diving into real estate investment, this property offers both income potential and timeless appeal.

Property Information

Size 2,326 SqFt
Price/SqFt $387
Lot Size 0.22 Acres
Year Built 1900
Property Type Residential Income
Zoning C1
Listing Number SN25136289
Listed 6/20/2025
Modified 6/20/2025
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 1
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Community Features
  • Sidewalks
Fireplace
  • Kitchen
Garage Spaces
  • 0.00
Gross Income
  • 57960.00
Gross Operating Income
  • 56221.00
Gross Scheduled Income
  • 57960.00
Heating
  • Baseboard
Net Operating Income
  • 37371.00
Operating Expense
  • 20589.00
Pool
  • None
Price Pe rUnit
  • 179800
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Views
  • Neighborhood
Water Source
  • Public
Cooling
  • Central Air
  • Evaporative Cooling
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Vinyl
  • Wood
Levels
  • One
  • Two
  • Multi/Split
Appliances
  • Electric Oven
  • Gas Oven
  • Gas Range
  • Refrigerator