1029 Salem St - Apartments FOR SALE


Chico, CA 95928
$550,000 USD
530-433-4231
1029 Salem St, Chico, CA for Sale
$550,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1029 Salem St
Chico, CA 95928


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1029 Salem Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

005-094-014-000

ASK ABOUT THIS PROPERTY

John BarrosoBarroso Real Estate TeamMore Info
530-433-4231

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John BarrosoBarroso Real Estate TeamMore Info
530-433-4231

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.