Rented Duplex with Private
1018 Meier Drive Chico, CA 95926
For Sale
Contact for pricing
Two fully rented units each include a 2-car garage, in-unit laundry, and central heating and air.
Property Size2,473 SF
Price / SF$200.16
Days on Market143
Property Features for 1018 Meier Drive
General Information
Standard status
Active
Size
2,473 SF
Property subtype
Multifamily
Listing Agency:
Willow & Birch Realty, Inc
(530) 966-5902
Listed By:
Shari Dixon · License #01376347
Source:
Crexi
Added: Mar 9
Changed: Jul 22
Last Checked: Jul 25 at 3:10AM
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 Willow & Birch Realty, Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate, fully rented residences: Unit A is a 2-bedroom, 2-bath home, and Unit B is a 3-bedroom, 2-bath home. Both units feature large 2-car garages with laundry units and utility sinks, laminate flooring throughout, spacious bedrooms, and fireplaces that are currently not being used. Each unit is equipped with central heating and air conditioning and has its own private backyard/courtyard.
The property is located at the end of a cul-de-sac.
Each unit also provides its own outdoor space in the form of a private backyard/courtyard, supporting separate, self-contained living arrangements.
The property is located at the end of a cul-de-sac.
Each unit also provides its own outdoor space in the form of a private backyard/courtyard, supporting separate, self-contained living arrangements.
Key Highlights
- Duplex with two fully rented units: Unit A (2BD/2BA, 1236 SF) and Unit B (3BD/2BA, 1237 SF)
- Each unit includes a 2‑car garage, in‑unit laundry, and a utility sink in the garage
- Central heating and air in both units
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 | $46.6k | $18.84 |
| − Vacancy | −$1.7k | −$0.70 |
| EGI | $44.9k | $18.14 |
| − OpEx | −$13.5k | −$5.44 |
| NOI | $31.4k | $12.70 |
2,473 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.7K
$392.6K – $523.5K
NOI $31,407 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully rented units each include a 2-car garage, in-unit laundry, and central heating and air.
Where is this duplex located?
The property is located at 1018 Meier Drive Chico, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Duplex with two fully rented units: Unit A (2BD/2BA, 1236 SF) and Unit B (3BD/2BA, 1237 SF); Each unit includes a 2‑car garage, in‑unit laundry, and a utility sink in the garage; Central heating and air in both units
