1001 Salem Street, Chico, CA 95928
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1001 Salem Street,Chico, CA 95928
$499,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tamara lambert
Office: thrive real estate company
MLS#:SN25099724
Source:CAREIL
Price summary
- Price:$499,000
About this home
Discover a well-maintained, owner-occupied investment property in a desirable Chico location. This 3-unit building offers a comfortable live-in unit plus two turnkey rental units, creating an appealing combination of steady cash flow and personal living convenience. What makes it special: Owner-occupied layout: Live in a well-appointed unit with private entry. Ideally located just minutes from Chico State, Historic Downtown, and local dining and shopping, this tri-plex offers both convenience and long-term rental appeal. The property includes three separate units, a 2-bedroom, 1-bathroom, a 1-bedroom, 1-bathroom, and a studio, each with its own fenced backyard and shaded by mature trees, creating a comfortable and private setting for tenants. Two of the units have been recently remodeled, and all units are currently occupied by long-term tenants, providing immediate, stable income. A brand new 30-year roof across all three units adds long-term value and peace of mind for the next owner. Whether you’re looking to live in one unit while offsetting expenses or expand your portfolio with a well-positioned asset, this property offers a strong combination of location, functionality, and consistent rental demand. Tenant-occupied. Showings by APPOINTMENT ONLY!...
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Home facts
- Year built:1981
- Listing ID #:SN25099724
- Added:330 day(s) ago
- Updated:May 16, 2026 at 04:18 PM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Oven Range, Refrigerator, Self Clean Oven
Heating and cooling
- Cooling:Window/Wall Unit
- Heating:Gas, Wall Furnace
Structure and exterior
- Roof:Composition
- Year built:1981
- Lot area:0.18 Acres
- Lot Features:Greenbelt, Level, Mid Block
- Foundation Description:Concrete Slab
- Levels:1 Story
Utilities
- Water:District - Public
Finances and disclosures
- Price:$499,000
Features and amenities
- Amenities:Double Pane Window(s), Window Covering(s)
Parking
- Parking description:Common Garage, Other, Parking Area
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