131 W 3rd Ave Chico, CA 95926
Chico Vecino NeighborhoodEstimated payment $5,307/month
Highlights
- Forced Air Heating System
- Chico Junior High School Rated A-
- Bike Trail
About This Home
Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Listing Agent
Keller Williams Realty Chico Area Brokerage Phone: 5302127373 License #01505777 Listed on: 03/19/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,512 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Utilities
- Forced Air Heating System
Listing and Financial Details
- Legal Lot and Block 8 / 69
- Assessor Parcel Number 003064014000
Community Details
Overview
- 2 Buildings
- 5 Units
Recreation
- Bike Trail
Building Details
- 5 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $1,980
- Insurance Expense $4,132
- Maintenance Expense $3,000
- Professional Management Expense $3,444
- Trash Expense $540
- Water Sewer Expense $1,752
- New Taxes Expense $9,075
- Operating Expense $23,923
- Gross Income $87,396
- Net Operating Income $63,473
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | Price Changed | $829,000 | -2.4% | $150 / Sq Ft |
| 03/19/2026 03/19/26 | For Sale | $849,000 | -- | $154 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN26059148
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
- 1244 Magnolia Ave Unit 3
- 1120 Esplanade
- 180 E 1st Ave
- 1050 Esplanade
- 193 E 1st Ave
- 934 Esplanade
- 1170 Hobart St
- 183 E Washington Ave
- 1617 Arcadian Ave
- 1224 Spruce Ave
- 1609 Citrus Ave
- 690 Esplanade
- 487 E 3rd Ave Unit A & B
- 609 Rancheria Dr
- 1412 N Cherry St Unit 2
- 618 Rancheria Dr
- 1825 Magnolia Ave
- 557 E 1st Ave
- 1914 Oleander Ave
- 811 W 2nd Ave
- 202 W 2nd Ave Unit 1
- 202 W 2nd Ave Unit 2
- 220 W 1st Ave Unit F
- 185 E 2nd Ave Unit 3
- 1045 Esplanade
- 1151 Arcadian Ave
- 1111 Oleander Ave
- 341 W 1st Ave Unit 341 W 1st Ave.
- 1161 Citrus Ave
- 1119 Citrus Ave Unit House
- 381 1/2 E 3rd Ave
- 524 W 1st Ave
- 179 E Lincoln Ave Unit 179
- 1256 Warner St Unit C
- 1267 Warner St
- 1608 Laburnum Ave
- 1431-1435 Warner St
- 485 E 1st Ave
- 1321 Palm Ave
- 629 W 2nd Ave
Ask me questions while you tour the home.