Duplex-Style Residential Income
For Sale
$200,000
5524 E Commercial, Chico, CA 95973
MULTI_FAMILY - Chico, CA
Property Size1,184 SF
Lot Size0.43 Acres
Price / SF$168.92
Days on Market46
Property Features for 5524 E Commercial
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Workshop, Laundry Room, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Carport, Driveway
Fencing
Chain Link
Lot features
Agricultural
Elementary school district
Chico Unified
Middle school district
Chico Unified
High school district
Chico Unified
Directions
Hwy 99 to Wilson Landing Rd, Left on Hamilton Nord Cana Hwy , Left on E Commercial, home on ledt side.
Standard status
Active
APN
047160020000
Size
1,184 SF
Lot size
0.43 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Roof type
Composition
Additional Structures
Outbuilding
Listing Agency:
Re/Max of Chico
(530) 896-9300
Listed By:
Michael Daly · License #01500085
(530) 370-4180
Added: Jun 16
Changed: Jul 28
Last Checked: Jul 31 at 2:06PM
MLS# SN26132480
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.
Investment Insights
Based on property information with market context.
This residential income property consists of two structures on a fully fenced corner lot. The front home is currently tenant-occupied and includes 4 bedrooms and 1 bathroom, with additions made over the years to expand the living space. The rear home has been gutted and is ready for renovation, with room to create a potential living area, bedroom space, and bathroom setup for an in-law unit, guest house, or additional rental use.
Additional improvements include two septic systems and a private well, along with numerous outbuildings. The property also features a 13' x 23' recreation room and an 18' x 20' metal shop building, plus a large garden area and ample space intended for animals, equipment, and hobbies.
County records indicate multifamily dwelling use, and the property is listed as zoned Agricultural Residential. Buyer should verify all zoning, uses, square footage, and property information to their satisfaction.
Additional improvements include two septic systems and a private well, along with numerous outbuildings. The property also features a 13' x 23' recreation room and an 18' x 20' metal shop building, plus a large garden area and ample space intended for animals, equipment, and hobbies.
County records indicate multifamily dwelling use, and the property is listed as zoned Agricultural Residential. Buyer should verify all zoning, uses, square footage, and property information to their satisfaction.
Key Highlights
- 0.43‑acre corner lot zoned Agricultural Residential
- Two residential structures: front home is tenant‑occupied with 4 bedrooms and 1 bathroom
- Rear home has been gutted and is ready for renovation (potential for in‑law unit, guest house, or rental per remarks)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $18.84 |
| − Vacancy | −$825 | −$0.70 |
| EGI | $21.5k | $18.14 |
| − OpEx | −$6.4k | −$5.44 |
| NOI | $15.0k | $12.70 |
1,184 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.8K
NOI $13,668 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$239.1K
$209.2K – $278.9K
NOI $16,734 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential structures sit on a fully fenced corner lot with well and septic systems, offering renovation space at the rear home.
Where is this duplex located?
The property is located at 5524 E Commercial Chico, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.43‑acre corner lot zoned Agricultural Residential; Two residential structures: front home is tenant‑occupied with 4 bedrooms and 1 bathroom; Rear home has been gutted and is ready for renovation (potential for in‑law unit, guest house, or rental per remarks)
