$699,000
$96K PRICE DROP

831 Rio Chico Way Chico, CA 95928

Estimated payment $4,133/month

Total Views 7,841
7 Beds
3 Baths
1,956 Sq Ft
$357 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Living Room
  • Chico Junior High School Rated A-
  • Neighborhood Views
  • Recessed Lighting

About This Home

Nestled in a highly sought-after location just steps from Chico State University, vibrant downtown Chico, and a variety of local amenities, this charming duplex presents an incredible investment opportunity. Whether you're looking to generate extra income or expand your real estate portfolio, this property offers two well-appointed units designed for both comfort and convenience. Each unit boasts a private entrance, ensuring privacy for tenants, along with a thoughtfully designed kitchen featuring bar seating—perfect for casual dining. The spacious living areas are filled with natural light streaming through numerous windows, highlighting the early 1900s charm that makes this property truly unique. The generously sized bedrooms provide a cozy retreat, while ceiling fans throughout enhance comfort year-round. Additional features include a shared laundry area, private front decks for each unit, a large backyard ideal for relaxation or entertaining, 8+ parking spaces, and the modern convenience of central heating and air. Whether you're a seasoned investor or just starting your journey in real estate, this is a rare chance to own a classic Chico property with both character and income potential. Don’t miss out—seize this opportunity to invest in one of Chico’s most desirable locations today!

Last Listed By

Nicholas Jackson

Re/Max of Chico Brokerage Phone: 530-896-9300 License #02230601 Listed on: 02/14/2025

Re/Max of Chico

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
  • Composition Roof

Interior Spaces

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

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 004021005000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $46,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,073

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 349500
  • Property Attached: Yes
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 004021005000
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 357.36
  • Room Type: Kitchen, Living Room

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • 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

  • Gross Scheduled Income: 55800.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 46400.00
  • 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: 9400.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 10.00
  • Tax Lot: 21

Map

Range of Values:

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Average Value
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Sold Price
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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
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 Change Sq Ft Price
05/20/2025 05/20/25 For Sale $699,000 -- $357 / 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
Open $100,000 New Conventional
Previous Owner $100,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $450,000 Unknown
Previous Owner $150,000 Unknown
Previous Owner $40,000 Unknown
Previous Owner $206,250 No Value Available
Source: Public Records

Similar Home in Chico, CA

  • 831 Rio Chico Way, Chico, CA 95928

    $699,000

    • 7 Beds
    • 2 Baths
    • 1,956 Sq Ft
    • 831 Rio Chico Way
    • Chico, CA

    Nestled in a highly sought-after location just steps from Chico State University, vibrant downtown Chico, and a variety of local amenities, this charming duplex presents an incredible investment opportunity. Whether you're looking to generate extra income or expand your real estate portfolio, this property offers two well-appointed units designed for both comfort and convenience. Each unit boasts

    Nicholas Jackson Re/Max of Chico

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN25033118

California Regional Multiple Listing Service (CRMLS)

APN: 004-021-005-000