131 W 3rd, Chico, CA 95926
Within the Avenues and Blocks from Chico State, and Enloe Medical Center, this fully remodeled property offers something increasingly difficult to find.. a beautiful primary residence with income that meaningfully offsets your living expenses. The main home, located in the back, is a detached 3-bedroom, 2-bath with a private garage, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring throughout. It has been thoughtfully updated and is move-in ready. The front house units include a remodeled 3-bedroom/1-bath, a 1-bedroom/1-bath, and two updated basement units. All are occupied and performing. That income works for you from day one. The configuration also lends itself naturally to multi-generational living, offering private, comfortable space for extended family while maintaining the independence everyone values. One basement unit connects to the upper 1-bedroom unit, allowing the property to qualify for conventional residential financing. For those with a longer view, a defined path exists to bring all units into full City of Chico conformance — converting this into a five-unit asset when the time is right. This is a home that rewards you today and positions you well for tomorrow.
Bedrooms
3
Bathrooms
2
Square Feet
4,399
Lot Size
6,098 sqft
Year Built
1963
Property Type
Triplex
Days on Market
1
HOA Fee
N/A
Garage Total
1
MLS #
SN26061105
Laundry
Electric Dryer Hookup, Gas Dryer Hookup
Main Level Bedrooms
2
Main Level Bathrooms
2
Cooling
Central Air
Total Parking Spaces
1
Garage Spaces
1
Attached Garage
Yes
Lot Features
Two To Five Units Acre
Sewer
Public Sewer
Water Source
Public
Biking, Curbs
$0
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Based on price, location, and features
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