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Sold on 03/26/2024
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1501 W 3rd St, Chico, CA 95928

$670,000

Last sold 03/26/2024 after 202 Days

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    bed

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    bath

Multi-family not for sale

About 1501 W 3rd St

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Lot size 0.31 Acre
Rental estimate
Property description
Your Dream Investment Awaits: Meet the Multi-Unit Marvel Near Chico State! Hello Investors and Real Estate Enthusiasts! Allow me to introduce myself. I'm a charming multi-unit residential property positioned perfectly near Chico State University and the bustling downtown scene, but I'm not just a property; I'm your next portfolio game-changer. I offer four unique units for diverse income; My Front House (Unit #1) is a spacious 5-bedroom, 2-bathroom haven, perfect for roommates who want to balance study and play— With a more intimate 2-bedroom, 2-bath (unit #2) in the lower level. Unit #3 is a freestanding cottage featuring 3 bedrooms and 2 baths, this little gem offers a private fenced yard. Last but not, Unit #4— My 4-bedroom, 2-bath unit, which blends comfort and convenience, rounding out the quartet beautifully. Parking? Plenty! Say goodbye to the parking hunt. I offer ample off-street spots for cars, bikes, and scooters alike. Bonus Cash Flow? My Coin-Op laundry room does more than clean clothes—it adds to your income stream. Think of it as a mini-business within your investment. With a gross annual income of $75,600 and leases already set for the school year, I’m not just attractive—I make financial sense. I'm a turnkey operation, ready to add significant numbers to your bottom line. Come see for yourself why students love living here and why you'll love owning me! Call Your Realtor Today! I'm ready to meet you—are you ready to meet your next great investment?
Listed by
Listing Agent - Steve Depa
Listing Agent Contact: 530-514-6288
Listing Office - Re/Max of Chico
Source: CRMLS mls logo
MLS#SN23165776 • last updated 2 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.31
Lot Size (SqFt) 13504
Year Built 1975
Interior
Laundry Community
Exterior
Building Area Square Feet, 5575
Lot Description Back Yard
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Butte
Community Features Sidewalks
Zoning R3
Directions Walnut To W 3rd St, Just Before It Turns Into Santa Clara
APN 43682060000
Multifamily Details
Expense: Trash 2057
Operating Expense 16146
Expense: Insurance 1500
Total Expenses 16146
Expense: Water/ Sewer 3365
Gross Income 6300
Expense: Electric 236
Gross Scheduled Income 75600
Rental est.: $662/month
Gross rent multiplier: 84.3
  • Mar 2024
    mls logo MLS # SN23165776
  • Mar 26, 2024 Sold
    $670,000
  • Mar 4, 2024 Pending
    —
  • Dec 27, 2023 Active
    —
  • Dec 18, 2023 Listed
    $750,000 (-3.2%)
  • Nov 29, 2023 Pending
    —
  • Oct 4, 2023 Price Change
    $775,000 (-3.0%)
  • Sep 6, 2023 Listed
    $799,000
  • Mar 2024
    Public Records
  • Mar 26, 2024 Sold
    $670,000 (-10.7%)
  • Year Property taxes Tax assessment
  • 2024
    $4,998 +1.2%
    $683,300 +55.0%
  • 2023
    $4,940 +1.7%
    $440,845 +2.0%
  • 2022
    $4,858 +1.9%
    $432,221 +2.0%
  • 2021
    $4,767 +0.3%
    $423,766 +1.03%
  • 2020
    $4,754
    $419,432
  • 1501 W 3rd St
    $670K
  • The Morehead Ranch
    $575K +30% y/y
  • 95928
    $479K +2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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