Duplex with Dual
New
For Sale
$588,888
1170 E 9th Street, Chico, CA 95928
Two separate living units offer central air, newer appliances, and dedicated garage space.
Property Size2,732 SF
Price / SF$215.55
Days on Market4
Property Features for 1170 E 9th Street
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Multi Family
Property Condition
Severity
Minor
Evidence
needs interior refresh - paint, carpeting
Units
Unit Mix
1 x 5BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
central air conditioning
off street parking
Building Details
Year Built
2006
Buildings
2
Listing Agency:
Beycome Brokerage Realty Inc.
(804) 656-5007
Listed By:
Jeffrey Sklar · License #02075404
(804) 656-5007
Source:
Exitrealty
Added: Aug 11
Changed: Aug 13
Last Checked: Aug 13 at 7:13AM
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 Beycome Brokerage Realty Inc.
Investment Insights
Based on property information with market context.
This duplex contains a 2,732-square-foot front residence with five bedrooms, three bathrooms, and an oversized two-car garage, plus a rear one-bedroom, one-bath unit with its own one-car garage. Central A/C serves both units, and the property includes several off-street parking spaces along with convenient street parking. Many appliances are new or newer.
Constructed in 2006, the property is located at 1170 E 9th Street in Chico, California. Mature trees provide shade across the site. The front residence has previously been used as a rental and requires interior refreshing, including paint and carpeting, allowing the buyer to select the finishes.
Constructed in 2006, the property is located at 1170 E 9th Street in Chico, California. Mature trees provide shade across the site. The front residence has previously been used as a rental and requires interior refreshing, including paint and carpeting, allowing the buyer to select the finishes.
Key Highlights
- Front unit includes 5 bedrooms, 3 bathrooms, and an oversized 2‑car garage
- Rear unit offers 1 bedroom, 1 bathroom, and a 1‑car garage
- 2,732 SF property built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,940
$693.9K
Cap Rate 7%
$495,671
$495.7K
Cap Rate 9%
$385,522
$385.5K
Market Conditions
NOI Build-Up for 2,732 SF
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.
Gross rent
$51.5K $18.84/SF
− Vacancy
−$1.9K −$0.70/SF
EGI
$49.6K $18.14/SF
− OpEx
−$14.9K −$5.44/SF
NOI
$34.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,940
Cap Rate 7%
$495,671
Cap Rate 9%
$385,522
Alternative Uses
Best Use
Multifamily LT 5
$495.7K
$433.7K – $578.3K
NOI $34,697 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$450.5K
$394.2K – $525.6K
NOI $31,537 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$551.6K
$482.7K – $643.6K
NOI $38,613 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units offer central air, newer appliances, and dedicated garage space.
Where is this duplex located?
The property is located at 1170 E 9th Street Chico, CA.
What is the asking price?
The asking price for this property is $588,888.
What are key features of this property?
This property features: Front unit includes 5 bedrooms, 3 bathrooms, and an oversized 2‑car garage; Rear unit offers 1 bedroom, 1 bathroom, and a 1‑car garage; 2,732 SF property built in 2006
