703 W 2nd, Chico, CA 95926

Chico
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
703 W 2nd,Chico, CA 95926
$1,050,000
  • 4 Beds
  • - Baths
  • 4,800 sq. ft.
  • Multi-family
  • Pending
Listed by: spencer moyer
Office: alive commercial real estate
MLS#:CRSN25249748
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,050,000
  • Price per sq. ft.:$218.75

About this home

Welcome to 4 Lanterns apartments, a fantastic multifamily opportunity in Chico, CA. Built in 1983, this low-density community sits on a large 0.45 acre lot and features (4) spacious four-bedroom, two-bathroom floor plans with approximately 1,200 square feet each. The property is fully leased with (3) of the units leased "by the bedroom" to students attending California State University, Chico and (1) unit on a standard lease. Current average rents are $2,090 per unit, demonstrating the high demand for quality affordable housing. Just blocks from California State University, Chico and Enloe Hospital, the property benefits from a diverse tenant base of both students and non-students, yet current rents remain below market. Comparable properties of similar vintage and finishes are achieving rents above $595/bedroom, highlighting a clear path for organic rent growth as units turn. Offered at a compelling basis far below replacement cost, 4 Lanterns represents a rare opportunity to acquire...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1983
  • Listing ID #:CRSN25249748
  • Added:151 day(s) ago
  • Updated:March 29, 2026 at 07:57 AM

Rooms and interior

  • Bedrooms:4
  • Flooring:Laminate
  • Living area:4,800 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1983
  • Building area:4,800 sq. ft.
  • Lot area:0.45 Acres
  • Architectural Style:Quadruplex

Finances and disclosures

  • Price:$1,050,000
  • Price per sq. ft.:$218.75

Features and amenities

  • Laundry features:Common Area
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at March 29, 2026

New listings near 703 W 2nd