Active

131 W 3rd

Chico, CA 95926

$849,000 $3,579/Mo

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Overview

Bed

Bath

5,512

Sqft

6,098

Sqft(Lot)

Description

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 prese nt 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.

Property Details

Property Type : Residential Income

Price : $849,000

AD Id : 76270708

MLS Id : SN26059148

Lot Size : 6,098 Sqft

Living Area Size : 5,512

Year Built : 1963

Garage : 1

County : Butte

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Property Appliances: Dryer,Washer
Heating Source

Forced Air Has Heating

Building Information

Year Built: 1963 Building Area Total: 5,512
Pool Features

None

Laundry Features

In Garage

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.14
Lot Size Source: Assessor Lot Size Square Feet: 6098

Listing Price Information

Original List Price: 849,000 Listing Contract Date: 2026-02-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 003064014000

Other Property Info

Source Listing Status: Active Source Neighborhood: Directions: From the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esplanade and Citrus Ave Source Property Type: Residential Income Property SubType: Apartment
Building and Construction

Property Age: 63 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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At $154.03 per sq.ft.,this listing is priced below average compared to other homes from Chico.

The average homes price in Chico is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in Butte County is $373818.81 with avg. price / sq.ft of $2100.74.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Mission Serra Terrace, Chico, CA, 95926	$535,000	4	2	1,917	1,917 SqFt
Ceres Avenue, Chico, CA, 95926	$359,000	2	2	987	987 SqFt
Ceres Manor Court, Chico, CA, 95926	$540,000	4	2	2,020	2,020 SqFt
Windsor Way, Chico, CA, 95926	$435,000	3	2	1,124	1,124 SqFt
Glenwood Avenue, Chico, CA, 95926	$775,000	4	3	3,021	3,021 SqFt
E 1st Avenue, Chico, CA, 95926	$380,000	3	1	940	940 SqFt
1675 Manzanita #117, Chico, CA, 95926	$75,000	2	1	1,152	1,152 SqFt
1675 Manzanita Avenue #.., Chico, CA, 95926	$52,000	2	1	850	850 SqFt
1675 Manzanita #78, Chico, CA, 95926	$63,000	3	2	1,440	1,440 SqFt
1595 Manzanita #47, Chico, CA, 95926	$55,900	2	2	980	980 SqFt

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ByOwner last updated this listing 04/07/2026 @ 01:59

MLS: SN26059148 LISTED BY: Matthew Herman, Keller Williams Realty Chico Area 530-809-3700 SOURCE: CRMLS