642 W 1st Avenue, Chico, CA 95926

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
642 W 1st Avenue,Chico, CA 95926
$1,595,000
  • - Beds
  • - Baths
  • 11,200 sq. ft.
  • Multi-family
  • Active
Listed by: brandon harris
Office: harris commercial real estate
MLS#:SN25136861
Source:CRMLS

Price summary

  • Price:$1,595,000
  • Price per sq. ft.:$142.41

About this home

College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights

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Home facts

  • Year built:1984
  • Listing ID #:SN25136861
  • Added:198 day(s) ago
  • Updated:January 23, 2026 at 11:37 AM

Rooms and interior

  • Living area:11,200 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1984
  • Building area:11,200 sq. ft.
  • Lot area:0.45 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,595,000
  • Price per sq. ft.:$142.41
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