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1029 Salem Street

Chico, CA 95928
  • $550,000
  • STATUS: Active
  • ON SITE: 263 Days
  • ID#: SN25136312
UPDATED: 111 min ago
$550,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): John Barroso of Parkway Real Estate Co. (530-592-3432)


Description

Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/165102905
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1029 Salem Street Chico, CA 95928

  • Price: $550,000
  • Status: Active
  • On Site: 263 Days
  • Updated: 111 min ago
  • ID#: SN25136312
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1930
Built
County:
Butte
Property Description
Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!
Exterior Features

Architectural Style Craftsman Entry Level 2 Entry Location 2 Lot Features Back YardFront YardTreesWalkstreet Number Of Separate Electric Meters 4 Other Structures Outbuilding Parking Features DrivewayOn SiteOff Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress from Home Appliances Gas OvenGas RangeRefrigerator Common Walls 1 Common Wall Cooling DuctlessWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileVinyl Interior Features Ceiling Fan(s)Crown MoldingHigh CeilingsPaneling/Wainscoting Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Garage YN No Gross Income 39840 Gross Scheduled Income 39840 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanSubmit Net Operating Income 27784 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 13860 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): John Barroso of Parkway Real Estate Co. (530-592-3432)