Property Detail

1001 Salem Street

Chico CA 95928

$499,000

Status: Active

Property Details

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 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!

Map Location

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

john Doe

Mary Afzali

DRE# 02206927
Inquire Now
admin Real estate 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 6:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM https://static.royacdn.com/Site-1bceb400-429d-44f8-893a-6dc85e5715bb/Assets/Mary_Afzali_img_forAboutPage.jpg realtor # # # https://static.royacdn.com/Site-1bceb400-429d-44f8-893a-6dc85e5715bb/Assets/Mary_Afzali_img_forAboutPage.jpg