818 W 1st Street Chico, CA 95928

$899,000 Active

About the Property

Prime Chico investment opportunity featuring two residential units on one lot, boasting six bedrooms, two bath in the first unit and a four bedroom two bath in the other. This property is ideally located near CSU Chico and the WREC Center which is conveniently positioned for students, faculty, staff, and other renters, this property offers strong location appeal and flexible income-producing potential.

Property Information

Size 3,379 SqFt
Price/SqFt $266
Lot Size 0.17 Acres
Year Built 1984
Property Type Residential Income
Listing Number SN26202704
Listed 9/23/2026
Modified 9/25/2026
Listing Agent Matt Depa
Listing Office Capital Rivers Commercial Inc
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 7160.00
Gross Scheduled Income
  • 85920.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 55918.00
Operating Expense
  • 30002.00
Pool
  • None
Price Pe rUnit
  • 449500
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 30002.00
Water Source
  • Public
Utilities
  • Electricity Connected
  • Water Connected