1001 Salem Street , Chico, CA 95928
Discover a well-maintained, owner-occupied investment property in a desirab...
$499,000
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!
Additional Information

Schedule a Showing
Year Built:1981
Size:2032 Sq. Ft.
Lot Size:0.18 Acres
Price:$245.57 per Sq. Ft.
MLS ID:SN25099724
Listing Type:Residential Income
Address
  • Internet Published
  • Income
  • Monthly Gross Income: $35854.00
  • Net Operating Income: $9855.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Trust