$585,000

831 Rio Chico Way Chico, CA 95928

Estimated payment $3,491/month

Total Views 760
7 Beds
3 Baths
1,956 Sq Ft
$299 Price per Sq Ft

Highlights

  • Very Popular Property
  • Neighborhood Views
  • Recessed Lighting
  • Chico Junior High School Rated A-
  • Living Room
  • Laundry Room

About This Home

Situated in a highly coveted location just steps from Chico State University, vibrant downtown Chico, and an array of local amenities, this charming duplex offers an exceptional investment opportunity. Whether you're aiming to generate additional income or grow your real estate portfolio, this property features two well-designed units that blend comfort with convenience. Each unit includes its own private entrance for enhanced tenant privacy, along with a thoughtfully arranged kitchen complete with bar seating—ideal for casual meals. Sunlight fills the spacious living areas through abundant windows, showcasing the early 1900s character that sets this property apart. The large bedrooms offer a comfortable retreat, complemented by ceiling fans throughout to maintain year-round comfort. Additional highlights include a shared laundry area, private front decks for each unit, a generous backyard perfect for relaxing or entertaining, eight parking spaces per tenant, and the modern comfort of central heating and air. Whether you're an experienced investor or just beginning your real estate journey, this is a rare opportunity to own a classic Chico property with both timeless charm and strong income potential. Don’t miss your chance—invest in one of Chico’s most desirable locations today!

Listing Agent

Matt Depa

Capital Rivers Commercial Inc Brokerage Phone: 530-514-6288 License #01861484 Listed on: 12/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,073

Year Built

  • Built in 1905

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Back and Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,956 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 004021005000

Community Details

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $1,825
  • Insurance Expense $2,100
  • Maintenance Expense $3,000
  • Trash Expense $1,700
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,581
  • Operating Expense $17,906
  • Gross Income $4,650
  • Net Operating Income $35,404

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,073

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1825.00
  • Parcel Number: 004021005000
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 299.08
  • Room Type: Kitchen, Living Room

Exterior Features

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1700.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 4650.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 35404.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17906.00
  • Rent Control: Yes
  • Total Expenses: 17906.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6581.00
  • Tax Lot: 21

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

Tax History

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
2025 $5,073 $467,930 $264,751 $203,179
2024 $5,073 $458,756 $259,560 $199,196
2023 $5,013 $449,762 $254,471 $195,291
2022 $4,934 $440,944 $249,482 $191,462
2021 $4,841 $432,299 $244,591 $187,708
2020 $4,827 $427,868 $242,084 $185,784
2019 $4,744 $419,480 $237,338 $182,142
2018 $4,657 $411,256 $232,685 $178,571
2017 $4,563 $403,193 $228,123 $175,070
2016 $4,164 $395,288 $223,650 $171,638
2015 $4,164 $389,351 $220,291 $169,060
2014 $4,064 $381,725 $215,976 $165,749
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $585,000 -- $299 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Mid Valley Title & Escrow Co
Interfamily Deed Transfer -- None Available
Quit Claim Deed $221,000 None Available
Trustee Deed $214,471 First American Title Co
Interfamily Deed Transfer -- Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $206,250 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25268263

California Regional Multiple Listing Service (CRMLS)

APN: 004-021-005-000