Active

1001 Salem Street

Chico, CA 95928

$499,000 $2,103/Mo

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Overview

Bed

Bath

2,032

Sqft

7,840.80

Sqft(Lot)

Description

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!

Property Details

Property Type : Residential Income

Price : $499,000

AD Id : 80044033

MLS Id : SN25099724

Beds : 3

Lot Size : 7,840.80 Sqft

Living Area Size : 2,032

Year Built : 1981

County : Butte

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Composition Exterior Property Features: Lighting,Rain Gutters Windows: Blinds,Double Pane Windows,Screens Property Appliances: Free-Standing Range,Gas Oven,Gas Range,Refrigerator,Self Cleaning Oven,Vented Exhaust Fan Fireplace: None Flooring: Carpet,Laminate
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Natural Gas,Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1981 Building Area Total: 2,032 Roof: Composition
Exterior Features

Lighting,Rain Gutters

Foundation

Slab

Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features

Low Pile Carpet,None

Pool Features

None

Laundry Features

None

Fencing

Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.18
Lot Size Source: Assessor Lot Size Square Feet: 7840.8

Listing Price Information

Original List Price: 499,000 Listing Contract Date: 2025-04-11
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 005094018000

Garage and Parking

Garage Description: Concrete,Driveway,Driveway Up Slope From Street,On Site,One Space

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: Postal Code Plus 4: 6280 Directions: From W 9th St, Turn Right onto Salem St, Property is on the Left. Zoning: R3 Source Property Type: Residential Income Property SubType: Triplex
Building and Construction

Property Age: 45 Common Walls: 1 Common Wall Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
W 7th Street, Chico, CA, 95928	$339,000	--	--	1,160	1,160 SqFt
Pine Street, Chico, CA, 95928	$519,000	--	--	2,020	2,020 SqFt
1997 Wild Oak Lane, Chico, CA, 95928	$470,000	4	3	1,620	1,620 SqFt
1022 Linden, Chico, CA, 95928	$409,000	4	3	1,790	1,790 SqFt
587 E 3rd, Chico, CA, 95928	$749,000	5	3	2,680	2,680 SqFt
1029 Salem Street, Chico, CA, 95928	$550,000	4	4	2,277	2,277 SqFt
Pine Street, Chico, CA, 95928	$499,000	--	--	2,020	2,020 SqFt
W 7th Street, Chico, CA, 95928	$339,000	--	--	1,160	1,160 SqFt
1020 W 4th Street, Chico, CA, 95928	$875,000	12	6	3,482	3,482 SqFt

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Bed

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Sqft

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1001 Salem Street,
Chico, CA, 95928

Bed

Bath

2,032

Sqft

7,840.80

Sqft(Lot)

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ByOwner last updated this listing 06/15/2026 @ 09:34

MLS: SN25099724 LISTED BY: Tamara Lambert, Thrive Real Estate Company 530-809-0547 SOURCE: CRMLS