$519,500
$30K PRICE DROP

Estimated payment $3,351/month

Total Views 2,594
3 Beds
4 Baths
1,900 Sq Ft
$273 Price per Sq Ft

Highlights

  • Golf Course Community
  • Fishing
  • Open Floorplan
  • Harry M. Marsh Junior High School Rated A-
  • City Lights View
  • Living Room with Attached Deck

About This Home

Income-Producing Multi-Unit Property in Prime Chico Location!!! Welcome to 1326 Mulberry Street, a rare and desirable multi-unit property offering a fantastic investment opportunity in the heart of Chico. Situated just minutes from downtown, Chico State, and local shopping and dining, this property provides excellent access and consistent rental demand. The front home has been beautifully updated and features two spacious master bedrooms, each with its own private bathroom—an ideal layout for shared living or maximizing rental income. Inside, you'll find durable vinyl plank flooring, a modernized kitchen with contemporary finishes, and renovated bathrooms that blend style and functionality. Each unit on the property is individually fenced and offers private yard space—a highly desirable feature for tenants seeking both privacy and outdoor living. Whether lounging, gardening, or entertaining, these private outdoor areas add significant appeal. This versatile property includes a mix of unit types, each with its own entry and character, making it ideal for a variety of rental strategies—long-term tenants, student housing, or short-term rentals. The property also offers ample off-street parking, separate meters, and a low-maintenance exterior, making ownership both efficient and profitable. Don’t miss this opportunity to own a turnkey multi-unit property in one of Chico’s most accessible and tenant-friendly neighborhoods. Perfect for investors looking to expand their portfolio or owner-occupants wanting to offset their mortgage with rental income!

Listing Agent

Holly Hack

NextHome North Valley Realty Brokerage Email: hollyhackhomes@gmail.com License #02201047 Listed on: 07/10/2025

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Northeast Facing Home
  • Wood Fence
  • Fence is in average condition
  • Level Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Triplex
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room with Attached Deck
  • Pull Down Stairs to Attic

Kitchen

  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway Level
  • Unpaved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 005181005000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,200
  • Water Sewer Expense $612
  • Operating Expense $4,312
  • Net Operating Income $2,695

Property Details

Home Type

Multi-Family

Year Built

Built in 1907 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 173167
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 612.00
  • Zoning: R1
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 005181005000
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Living Room Deck Attached, Open Floorplan, Pull Down Stairs to Attic
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 273.42

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised, Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Private: No
  • Roof: Composition, Metal
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Unpaved, Driveway Level
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Watersports, Mountainous, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Level with Street, Lot 10000-19999 Sqft, Level, Walkstreet
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 920 Square Feet
  • Average Studio Area: 600 Square Feet
  • Gross Scheduled Income: 35940.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 2695.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Carpet: 2
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 300.00
  • Rent Control: No
  • Total Expenses: 4312.00

Tax Info

  • Tax Census Tract: 13.00
  • Tax Lot: 24

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $519,500 -1.9% $273 / Sq Ft
07/18/2025 07/18/25 Price Changed $529,500 -3.6% $279 / Sq Ft
07/10/2025 07/10/25 For Sale $549,000 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25154087

California Regional Multiple Listing Service (CRMLS)