$675,000
PENDING $30K PRICE DROP

Estimated payment $4,201/month

Total Views 2,229
8 Beds
7 Baths
4,293 Sq Ft
$157 Price per Sq Ft

Highlights

  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • Recessed Lighting
  • Chico Junior High School Rated A-
  • Living Room
  • Laundry Room

About This Home

Discover 541 W 5th Street—an exceptional 7-unit property perfectly positioned in the lively core of downtown Chico. This classic multi-family residence places you just steps from popular restaurants, shops, entertainment venues, and only a short walk to Chico State University. With several long-term tenants already in place, it offers both stability and opportunity for investors. Properties like this rarely come on the market, making it a unique chance to secure a valuable income-producing asset right in the heart of Chico. All of this at an 8.25 cap rate.

Listing Agent

Matt Depa

Capital Rivers Commercial Inc Brokerage Phone: 530-514-6288 License #01861484 Listed on: 10/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 5,663 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 4,293 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Living Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • Parking Available
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 004213002000

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $183
  • Gardener Expense $1,106
  • Insurance Expense $5,500
  • Maintenance Expense $2,250
  • Professional Management Expense $4,850
  • Trash Expense $588
  • Water Sewer Expense $3,600
  • New Taxes Expense $7,755
  • Operating Expense $25,832
  • Gross Income $7,370
  • Net Operating Income $58,186

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.25
  • Professional Management Expense: 4850.00
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1106.00
  • Parcel Number: 004213002000
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 157.23
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 588.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 183.00
  • Gross Income: 7370.00
  • Gross Multiplier: 7.97
  • Gross Scheduled Income: 88440.00
  • Insurance Expense: 5500.00
  • Lot Size Area: 5663.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 58186.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 25832.00
  • Rent Control: No
  • Total Expenses: 25832.00

Tax Info

  • New Taxes Expense: 7755.00
  • Tax Lot: 5

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 List to Sale Price per Sq Ft
12/31/2025 12/31/25 Pending -- -- --
11/24/2025 11/24/25 Price Changed $675,000 0.0% $157 / Sq Ft
11/24/2025 11/24/25 For Sale $675,000 -4.3% $157 / Sq Ft
10/10/2025 10/10/25 Pending -- -- --
10/01/2025 10/01/25 For Sale $705,000 -- $164 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25229777

California Regional Multiple Listing Service (CRMLS)