131 W 3rd, Chico, CA — listing photo 1
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FOR SALE

131 W 3rd

Chico, CA 95926
6,098 Lot Sq Ft
Built 1963
$829,000
Price ReducedWas $849,000 — $829,000 (-$20,000)

Property Overview

Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Home Details

Property type
Residential Income - Apartment
Year built
1963
Lot size
6,098 sq ft
Parking
1 spaces
Garage
1 spaces
Days on market
50
MLS status
Active

Location & Neighborhood

131 W 3rd

Chico, CA 95926

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Frequently Asked Questions About 131 W 3rd

Property type: Residential Income

The current asking price is $829,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 131 W 3rd. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1963. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Chico, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Chico property.
The MLS currently reports the property as Active. It has been listed for 50 days. Status can change, so verify availability before relying on it.

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Listing Agent

Name: Matthew Herman
MLS ID: CH157000865

Available property

$829,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.