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1001 Salem Street

Chico, CA 95928
  • $499,000
  • STATUS: Active
  • ON SITE: 313 Days
  • ID#: SN25099724
$499,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1981
County:

School Ratings & Info

Listing Agent(s): Tamara Lambert of Thrive Real Estate Company (530-809-0547) and David Wymore of Thrive Real Estate Company(530-809-0547)


Description

Charming Tri-Plex Near Chico State - Recently Remodeled & Rented with a brand new 30 year roof on all units! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-17T00:27:14.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/163458785
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1001 Salem Street Chico, CA 95928

  • Price: $499,000
  • Status: Active
  • On Site: 313 Days
  • ID#: SN25099724
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1981
Built
County:
Butte
Property Description
Charming Tri-Plex Near Chico State - Recently Remodeled & Rented with a brand new 30 year roof on all units! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
Exterior Features

Entry Level 1 Entry Location 1 Exterior Features LightingRain Gutters Fencing Wood Foundation Details Slab Lot Features Back YardFront YardLawnNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 3 Parking Features ConcreteDrivewayDriveway Up Slope From StreetOn SiteOne Space Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Low Pile CarpetNone Appliances Free-Standing RangeGas OvenGas RangeRefrigeratorSelf Cleaning OvenVented Exhaust Fan Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Natural GasWall Furnace Heating YN Yes Window Features BlindsDouble Pane WindowsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(s)SuburbanSidewalks Exclusions Tenants Personal Property Garage YN No Gross Income 35854 Gross Scheduled Income 35854 Insurance Expense 2291 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 9855 New Construction YN No New Taxes Expense 4126 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 25999 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGas Total Actual Rent 2857 Trash Expense 918 Utilities Electricity ConnectedWater Connected Water Sewer Expense 2671 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-17T00:27:14.963. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Tamara Lambert of Thrive Real Estate Company (530-809-0547) and David Wymore of Thrive Real Estate Company(530-809-0547)