Estimated payment $6,638/month
Highlights
- Open Floorplan
- Property is near public transit
- Walk-In Closet
- Chico Junior High School Rated A-
- No HOA
- Ductless Heating Or Cooling System
About This Home
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico!
Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio.
All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage.
Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining.
Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential.
Key Features:
• 4 units with functional layouts
• Prime location near Chico State, shopping, and dining
• Strong rental history with excellent income potential
• Off-street parking and shared outdoor spaces
• Ideal for investors seeking stable, long-term returns
• Potential to add an additional unit at the rear of the property (utilities already trenched)
• Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms
• New mini split air conditioning (3 years old) in each unit
• Washer and dryer in all units except unit 2
Whether you're looking for a property with reliable rental income
or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice.
Mortgage may be transferable at discretion of lender.
Please do not disturb tenants. No showings without an accepted offer.
Listing Agent
Ryno Company Brokerage Phone: 5305703222 License #02216710 Listed on: 10/21/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 0.3 Acre Lot
- No Common Walls
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,489 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Family Room
- Living Room
- Laminate Flooring
Kitchen
- Gas Oven
- Built-In Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- Walk-In Closet
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Parking Available
- Gravel Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Water Heater
Listing and Financial Details
- Tax Lot 39
- Assessor Parcel Number 043241016000
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Recreation
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $120
- Insurance Expense $2,500
- Trash Expense $1,200
- Water Sewer Expense $1,200
- Operating Expense $28,959
- Gross Income $76,440
- Net Operating Income $47,481
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | For Sale | $1,049,000 | 0.0% | $421 / Sq Ft |
| 04/16/2025 04/16/25 | Off Market | $1,049,000 | -- | -- |
| 10/21/2024 10/21/24 | For Sale | $1,049,000 | +170.4% | $421 / Sq Ft |
| 08/28/2018 08/28/18 | Sold | $388,000 | -1.8% | $156 / Sq Ft |
| 07/25/2018 07/25/18 | Pending | -- | -- | -- |
| 07/22/2018 07/22/18 | Price Changed | $395,000 | -4.6% | $159 / Sq Ft |
| 07/14/2018 07/14/18 | Price Changed | $414,000 | -2.6% | $167 / Sq Ft |
| 06/15/2018 06/15/18 | For Sale | $425,000 | -- | $171 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24217204
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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