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131 W 3rd
Chico CA 95926 US

$849,000

Active Listing ID SN26059148
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10 bed
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6.00 Bath (6 Full)
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Lot: 6,098.00 Square Feet
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Apartment

$849,000

Active Listing ID SN26059148
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131 W 3rd Avenue Triplex with a Path to Five (Quadplex: 2 units + 2 non-conforming basement units + 1 single Family Home) Three blocks from Chico State, Enloe Hospital, and the Avenues. This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with a one-car garage currently operating as a part-time AirBnB rental generating approximately $2, 500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

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Property Features

  • Facts
  • Lot Size: 6,098.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 6
  • Exterior Finish: Community Features Included: Curbs, Biking, 6-10 Units/Acre
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 849000
  • unparsedaddress: 131 W 3rd
  • postalcity: Chico
  • stateorprovince: CA
  • country: US
  • postalcode: 95926
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.139990817263545
  • lotsizeunits: Square Feet
  • lotsizearea: 6098
  • livingarea: 4399
  • livingareaunits: Square Feet
  • listagentfullname: Matthew Herman
  • listagentemail: matt@legacyinvestmentsre.com
  • listagentkey: 3yd-MRMLSCA-CH157000865
  • listagentmlsid: CH157000865
  • listagentpreferredphone: 5302127373
  • listagentofficephone: 5308093700
  • listofficekey: 3yd-MRMLSCA-CHKWRCA
  • listagentstatelicense: 01505777
  • listofficemlsid: CHKWRCA
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1963
  • listingcontractdate: 2026-03-19
  • listagenturl: http://www.legacyinvestmentsre.com
  • countyorparish: Butte
  • parcelnumber: 003064014000
  • heating: Forced Air
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 1
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Curbs, Biking, 6-10 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty Chico Area", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"matt@legacyinvestmentsre.com", "ListBrokerageCity":"Chico", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw808@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/ed479b818a8611e2b21612313810090f/20150714213418328.png", "ListBrokerageName":"Keller Williams Realty Chico Area", "ListBrokeragePhone":"(530) 809-3700", "ListBrokeragePostalCode":"95928", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2080 E. 20th Street Ste 170", "ListBrokerageWebsiteUrl":"http://www.kwchico.com", "ListOfficeAddress1":"2080 E. 20th St. Suite.170", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SN195513948", "ListOfficeCity":"Chico", "ListOfficeCountry":"US", "ListOfficeEmail":"KLRW808@kw.com", "ListOfficePostalCode":"95928", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Chico, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/131-W-3rd-Ave_Chico_CA_95926_M15028-07141?f=listhub&s=MRMLSCA&m=SN26059148&c=rexren", "MLSModificationTimestamp":"2026-03-19T11:34:31Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/20/2026 11:07:27 PM GMT
Source Updated Date: 3/22/2026 9:17:28 PM GMT

Courtesy of: Matthew Herman, Keller Williams Realty Chico Area, matt@legacyinvestmentsre.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.