NOT LISTED FOR SALE
8 Beds
7 Baths
4,293 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: April 17, 2026

Last sale price $645,000 $150 Per Sq Ft

91 Days on Market

Highlights

  • Neighborhood Views
  • Living Room
  • Laundry Facilities
  • Chico Junior High School Rated A-
  • Recessed Lighting
  • 4-minute walk to Rotary Park

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Matt Depa

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

Last Buyer's Agent

Kathryn Binsley

Parkway Real Estate Co. License #02041912

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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

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

5,663 Sq Ft Lot

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: 150.24
  • 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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$645,000 Fidelity National Title Compan
Doty Spencer $500,000 Fidelity National Title
Hart Diversified Llc -- Fidelity Natl Title Co Of Ca
Doty Spencer $590,000 Fidelity Natl Title Co Of Ca
Silacci Steve $550,000 Fidelity Natl Title Co Of Ca
Azevedo Manuel Lawrence -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $496,650
Closed Doty Spencer $500,000
Previous Owner Doty Spencer $450,000
Previous Owner Doty Spencer $140,000
Previous Owner Doty Spencer $450,000
Source: Public Records

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
04/17/2026 04/17/26 Sold $645,000 -4.4% $150 / 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)

Tax 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.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $10,412 $919,807 $221,814 $697,993
2025 $10,412 $901,870 $217,465 $684,405
2024 $9,779 $879,285 $213,201 $666,084
2023 $9,664 $867,045 $209,021 $658,024
2022 $9,700 $729,076 $198,034 $531,042
2021 $8,007 $714,879 $194,151 $520,728
2020 $7,985 $707,601 $192,161 $515,440
2019 $7,842 $693,826 $188,394 $505,432
2018 $7,244 $640,000 $180,000 $460,000
2017 $7,239 $640,000 $180,000 $460,000
2016 $4,796 $455,000 $180,000 $275,000
2015 $4,869 $455,000 $180,000 $275,000
2014 $4,474 $420,000 $195,000 $225,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25229777

California Regional Multiple Listing Service (CRMLS)
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