Charming Tri-Plex Near Chico State - Recently Remodeled & Rented! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
For sale
Listing Provided by:
Tamara Lambert DRE #01728469 530-520-5777,
Thrive Real Estate Company,
David Wymore DRE #02217759 530-514-2671,
Thrive Real Estate Company
Price cut: $10K (7/8)
$499,000
1001 Salem St, Chico, CA 95928
3beds
3baths
2,032sqft
Est.:
Triplex
Built in 1981
-- sqft lot
$496,700 Zestimate®
$246/sqft
$-- HOA
What's special
Shaded by mature trees
- 91 days
- on Zillow |
- 587 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: July 27, 2025 at 07:41pm
Listing Provided by:
Tamara Lambert DRE #01728469 530-520-5777,
Thrive Real Estate Company,
David Wymore DRE #02217759 530-514-2671,
Thrive Real Estate Company
Source: CRMLS,MLS#: SN25099724
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Rooms
- Room types: Living Room
Heating
- Natural Gas, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Free-Standing Range, Gas Oven, Gas Range, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
- Laundry: None
Features
- Flooring: Carpet, Laminate
- Windows: Blinds, Double Pane Windows, Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,032
- Total interior livable area: 2,032 sqft
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Driveway, Driveway Up Slope From Street, On Site, One Space
Accessibility
- Accessibility features: Low Pile Carpet, None
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,840.8 Square Feet
- Features: Back Yard, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Street Level
Details
- Parcel number: 005094018000
- Zoning: R3
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Chico
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $372,556
- Annual tax amount: $4,151
- Date on market: 5/7/2025
- Listing terms: Cash,Cash to New Loan
- Exclusions: Tenants Personal Property
- Total actual rent: 2857
- Tenant pays: Electricity, Gas
- Road surface type: Paved
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