Barber Yard Duplex with Detached
1011 Normal Avenue, Chico, CA 95928
For Sale
$410,000
Pending
Two separate units each include laundry and a low-maintenance yard, plus a detached garage accessible off the alley.
Property Size1,449 SF
Days on Market109
Property Features for 1011 Normal Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
in-unit laundry
low-maintenance yard
oversized raised garden beds
detached garage
original hardwood floors
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Re/Max of Chico
Listed By:
Craig Brandol · License #01198341
(530) 809-4588
Source:
Homesbyupside
Added: Jul 24
Changed: Nov 5
Last Checked: Nov 8 at 3:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max of Chico
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Investment Insights
Based on property information with market context.
This Barber Yard duplex offers two independently configured residences. The front home features 2 bedrooms and 1 bathroom, with original hardwood floors. Behind it, a spacious 1-bedroom, 1-bath unit provides a separate layout for tenants or an extended-family arrangement.
The property includes laundry for each unit and a low-maintenance yard with oversized raised garden beds suitable for flowers, herbs, or vegetables. A large detached garage is located off the alley, presenting possible future conversion opportunities for additional use, subject to buyer verification. BikeScore and walkScore are listed as 74 and 71, respectively.
Overall, the duplex setup provides multiple income possibilities within one property, with separate living spaces and practical outdoor areas.
The property includes laundry for each unit and a low-maintenance yard with oversized raised garden beds suitable for flowers, herbs, or vegetables. A large detached garage is located off the alley, presenting possible future conversion opportunities for additional use, subject to buyer verification. BikeScore and walkScore are listed as 74 and 71, respectively.
Overall, the duplex setup provides multiple income possibilities within one property, with separate living spaces and practical outdoor areas.
Key Highlights
- 1946 Barber Yard duplex with two separate units
- Front unit: 2 bedrooms and 1 bathroom with original hardwood floors
- Back unit: 1 bedroom and 1 bathroom with a spacious layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,402
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,040
$368.0K
Cap Rate 7%
$262,886
$262.9K
Cap Rate 9%
$204,467
$204.5K
Market Conditions
NOI Build-Up for 1,449 SF
Gross rent
$27.3K $18.84/SF
− Vacancy
−$1.0K −$0.70/SF
EGI
$26.3K $18.14/SF
− OpEx
−$7.9K −$5.44/SF
NOI
$18.4K $12.70/SF
Area
Chico, CA
Vacancy
3.70%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,040
Cap Rate 7%
$262,886
Cap Rate 9%
$204,467
Alternative Uses
Best Use
Multifamily LT 5
$262.9K
$230.0K – $306.7K
NOI $18,402 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$239.0K
$209.1K – $278.8K
NOI $16,727 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$292.6K
$256.0K – $341.3K
NOI $20,479 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
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Business Placement
Demographics for 95928, CA
38,378
Population
17,455
Households
2.2
Avg Household Size
35
Median Age
41%
College-Educated
90%
High-School Grad
145.4 sq mi
ZIP Area
264
Density / Sq Mi
$65,350
Median Household Income
$32,615
Median Earnings
$1,419
Median Rent
$476,600
Median Home Value
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Market
Properties on Market for Duplexes in Chico
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units each include laundry and a low-maintenance yard, plus a detached garage accessible off the alley.
Where is this duplex located?
The property is located at 1011 Normal Avenue Chico, CA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1946 Barber Yard duplex with two separate units; Front unit: 2 bedrooms and 1 bathroom with original hardwood floors; Back unit: 1 bedroom and 1 bathroom with a spacious layout
