Listing provided courtesy of Tamara Lambert of Thrive Real Estate Company. Last updated . Listing information © 2026 Sandicor.

Asking Price: $499,000

1001 Salem Street, Chico CA 95928

Community: ​


This ResidentialIncome property was built in and is priced at $499,000. Please see the additional details below.
  • 0 Sq Ft
  • 3 bathrooms
  • 3 bedrooms
  • MLS#: 306434015
  • Type: ResidentialIncome
  • Year Built:
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 youre 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!

Call or Email Lucy Nava now to inquire about this property

619-598-0200