Craftsman

1029 Salem Street

Chico , CA 95928

MLS#: SN25136312

$550,000

Status: Active
Listing number: SN25136312
Listing provided by: Parkway Real Estate Co.
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1930

Sq.Footage

N/A

Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Crown Molding, High Ceilings

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    NO

Exterior

  • Garage

    No

  • Parking

    Driveway, On Site, Off Street

  • Pool

    Yes

  • Pool Features

    None

  • View

    Neighborhood

Area & Lot

  • Lot Features

    Back Yard, Front Yard, Wooded

  • Lot Size(acres)

    0.18

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Craftsman

Price

  • Sales Price

    $550,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Accessibility Features

    Safe Emergency Egress from Home

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Butte

Elementary School

Middle School

High School

Listing Courtesy of John Barroso , Parkway Real Estate Co.

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

1029 Salem Street

Message successfully sent.

What would you like to know?

Related Properties

New on site 1 day ago
Four 1-bedroom units in this great 4plex. Rents quickly, Tenants will stay for more than 1 year reducing turnover cost. The property is located in a quiet Cul-De-Sac with very little traffic. Each unit has a gas meter and an electric meter. Landlord pays garbage @$87/month, and the complex has 1 water meter and the water heater with gas meter @ $200/month Insurance is $3000/year. This is a great property to start to build your retirement with.
#SN25172538

Chico

40 Coral Circle

None Beds

None Baths

2,285 Sq.Ft.

$535,000

MLS#: SN25172538

Welcome to 1705 & 1707 Spruce Avenue, where timeless charm meets modern opportunity in the heart of the Avenues. This unique property sits on a spacious corner lot and offers two separate residences, a 3-bedroom main home plus a detached 1-bedroom, 1-bathroom cottage, just minutes from historic Downtown Chico, Chico State University, Bidwell Park, and a few short blocks from Enloe Medical Center. The main home radiates warmth and character, blending turn-of-the-century details with modern comforts like updated dual-paned windows, central heating and air, and a tankless water heater. The layout includes a spacious living room, a full bathroom, three well-sized bedrooms, and a private, fully fenced backyard featuring raised garden beds perfect for green thumbs or simply relaxing in your own retreat. A detached 1-car garage offers power, laundry hookups, and flexibility to use as a workshop, parking, or additional storage. Tucked away with its own private entrance and fully fenced yard, the charming detached cottage is a standout feature. With its own postal address, the cottage offers great separation and privacy. Recent upgrades throughout, including a fully equipped kitchen and a remodeled bathroom, make this unit move-in ready and highly desirable. Both units are currently leased with strong rental history and offer a cap rate well above 5%, making it an ideal property for investors looking to generate income from day one, or for future owner-occupants seeking flexibility and additional rental income. With shared utilities, City Sewer connection, and two homes on one lot, 1705 & 1707 Spruce Avenue is a rare gem in one of Chico's most desirable neighborhoods. Whether you're expanding your portfolio or planning for the future, this property offers location, lifestyle, and lasting value. Don't miss your chance to own a piece of Chico charm with built-in potential.
#SN25164631

Chico

1705 Spruce Avenue

None Beds

None Baths

1,380 Sq.Ft.

$470,000

MLS#: SN25164631

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!
#SN25154087

Chico

1326 Mulberry Street

None Beds

None Baths

1,900 Sq.Ft.

$529,500

MLS#: SN25154087

Nice duplex that has been well maintained. Unit 1 has Three bedrooms and two bathrooms and it is downstairs. Unit 2 has two bedrooms and two bathrooms and it is upstairs. Both units have primary bedrooms and primary bathrooms. The kitchens have plenty of cabinets and counter space. They both have inside laundry and both units have garages, unit 1 has a two car garage and unit 2 has a one car garage. This duplex is located close to Wildland Park, shopping, schools and plenty of restaurants. Call your investors today because this duplex is priced to sell!
#SN25152422

Chico

1654 East Avenue

None Beds

None Baths

2,287 Sq.Ft.

$547,500

MLS#: SN25152422

Chico Charmer with Bonus Detached Studio! In the heart of Downtown and blocks away from Bidwell Park, this fully furnished and beautifully remodeled property offers incredible flexibility and income potential. The front home and detached studio in the back (with alley access) have both been tastefully updated. The front unit is currently currently operating as successful Airbnb rental and the back unit has had a long-term lease. Inside the main home, you'll find a brand new gas fireplace, beautiful flooring in the kitchen and dining area and newer carpet in the bedrooms, with eye-catching custom feature walls in every room. The renovated kitchen features granite and marble countertops, a high-end Zline gas range, and stainless steel appliances. Other highlights include dual pane windows (tempered in the front), large closets, crown molding, new baseboards, newer blinds, and in-unit washer/dryer. Nearly everything you see is included—making this a turnkey opportunity! The detached studio has also been refreshed with newer paint, a newer roof, and its own private charm—perfect for guests, extended family, or additional rental income. Exterior upgrades include new paint on both homes, gutters, a deck added in 2021, underground sprinklers and drip systems, and custom planters beneath the front windows. The City is undertaking a major road improvement project on Highway 32, which includes W. 9th Street. This project includes new sidewalks, traffic lights, fixing the roadway, and upgrading the drainage system. The work also involves replacing curb ramps to meet ADA compliance requirements! This is a rare chance to own a move-in-ready, income-producing property in a highly desirable Chico location!
#SN25132888

Chico

479 E 9th Street

None Beds

None Baths

1,487 Sq.Ft.

$450,000

MLS#: SN25132888

Charming Tri-Plex in the Heart of Chico – Always Rented! This centrally located tri-plex features three separate buildings at 1712, 1716, and 1722 Sherman Avenue. Each unit offers a functional layout with a downstairs bedroom and an additional loft-style bedroom upstairs. Unit 1722 includes the added bonus of a quarter bath upstairs and a full bath on the main level. All three homes include their own laundry room, kitchen, and living area, along with charming details like hardwood flooring and wood-cased windows. Each unit also enjoys its own private front and backyard space, individual driveways for parking. The property also includes the large lot on the corner! A fantastic investment opportunity with consistent rental history in a great Chico location!
#SN25136309

Chico

1712 Sherman Avenue

None Beds

None Baths

2,160 Sq.Ft.

$550,000

MLS#: SN25136309

Beautifully Updated Home Near Chico State – Ideal for Investors who want a low maintenance property with appealing, high quality improvements! This charming 4-bedroom, 2-bathroom home sits on a spacious and private 0.3-acre lot just minutes from Chico State, making it an ideal choice for investors or anyone seeking to live near campus. The lot has potential for an easy lot spilt to create a second parcel with its own alley access - enjoy it as is or consider creating an ADU just like the next door neighbor did. In 2022, the home underwent a total remodel: Exterior updates included a new roof, cement fiber board siding, and fresh exterior paint, enhancing both curb appeal and long-term durability. Inside, the converted garage serves as the fourth bedroom with its own private entrance—perfect for guests, roommates, or generating additional rental income. Luxury vinyl plank flooring runs throughout the living areas and bedrooms, offering both modern style and easy maintenance. The inviting living room features a cozy seating area beneath a large picture window, creating the perfect space to relax. Adjacent to the living room, the dining area boasts a rustic wood plank accent wall that adds warmth and charm. The beautifully updated kitchen includes quartz countertops, a glass subway tile backsplash, white shaker-style cabinetry, and stainless steel appliances—everything you need in a functional and stylish space. The guest bathroom has been thoughtfully remodeled with tile flooring, a double-sink vanity topped with marble, stylish accent walls, and a tub/shower combo. Down the hall, you'll find two well-sized guest bedrooms and a lovely primary suite. The en-suite bathroom offers a newer walk-in tile shower, tile backsplash that matches the flooring, and a wood accent wall that adds character. Additional updates include new upgraded electrical wiring and windows. With designer touches, thoughtful improvements throughout, the potential for a lot split and/or ADU, and with its unbeatable location—just minutes from Chico State, shopping, restaurants, and more—this home is a rare find!
#SN25134003

Chico

1131 Stewart Avenue

None Beds

None Baths

1,108 Sq.Ft.

$499,000

MLS#: SN25134003

Exceptional Investment Opportunity! Ideally located near Chico State and downtown Chico, this multifamily property includes three units: a two-story duplex with two remodeled 4-bedroom/2-bath units and a detached 4-bedroom/1-bath house. Features include onsite laundry, off-street parking, brand-new mini-split heating and cooling systems, new windows, new flooring, and fresh interior/exterior paint. Meticulously maintained and professionally managed, this property is a prime choice for investors.
#SN25130160

Chico

1204 W 5th Street

None Beds

None Baths

3,026 Sq.Ft.

$599,000

MLS#: SN25130160

Amazing and super popular downtown Chico location..! Near Bidwell Park (4 blocks), Farmer's Market & Downtown (1 block), Chico State University Campus (6 blocks) and Enloe Health Medical Center (1 mile) among other popular Chico destinations. Of course the downtown area has numerous nearby restaurants, taverns and entertainment venues. The house built in 2009 has 6 bedrooms and 3.5 baths with off-street parking which is an very valuable amenity..! Many of the other homes in the nearby area are larger and more expensive but Classic Chico Charm and character are prevalent in all..! Downtown Chico homes do not stay on the market for long so call your favorite Chico Realtor today to arrange a showing..!
#SN25126916

Chico

480 E 3rd Street

None Beds

None Baths

2,400 Sq.Ft.

$549,500

MLS#: SN25126916

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here