831 Rio Chico Way Chico, CA 95928

$795,000 Active

About the Property

Nestled in a highly sought-after location just steps from Chico State University, vibrant downtown Chico, and a variety of local amenities, this charming duplex presents an incredible investment opportunity. Whether you're looking to generate extra income or expand your real estate portfolio, this property offers two well-appointed units designed for both comfort and convenience. Each unit boasts a private entrance, ensuring privacy for tenants, along with a thoughtfully designed kitchen featuring bar seating—perfect for casual dining. The spacious living areas are filled with natural light streaming through numerous windows, highlighting the early 1900s charm that makes this property truly unique. The generously sized bedrooms provide a cozy retreat, while ceiling fans throughout enhance comfort year-round. Additional features include a shared laundry area, private front decks for each unit, a large backyard ideal for relaxation or entertaining, 8 parking spaces for each tenant and the modern convenience of central heating and air. Whether you're a seasoned investor or just starting your journey in real estate, this is a rare chance to own a classic Chico property with both character and income potential. Don’t miss out—seize this opportunity to invest in one of Chico’s most desirable locations today!

Property Information

Size 1,956 SqFt
Price/SqFt $406
Lot Size 0.17 Acres
Year Built 1905
Property Type Residential Income
Zoning R3
Listing Number SN25033118
Listed 2/14/2025
Modified 2/15/2025
Listing Agent Nicholas Jackson
Listing Office Re/Max of Chico
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Suburban
Cooling
  • Central Air
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Heating
  • Central
Levels
  • Two
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 397500
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Uncovered Spaces
  • 8.00
Views
  • Neighborhood
Water Source
  • Public
Interior
  • Ceiling Fan(s)
  • Recessed Lighting