Four-Unit Townhouse Near Chico
For Sale
$730,000
12 Klondike Court, Chico, CA 95926
Investment property near Chico State with value-add opportunity.
Property Size5,376 SF
Lot Size0.24 Acres
Days on Market184
Property Features for 12 Klondike Court
General Information
Standard status
Active
Size
5,376 SF
Lot size
0.24 Acres
Property subtype
Quadruplex
Amenities
Fireplace
Fireplace(s)
Central
Central Air
Wood
Dishwasher
Exhaust Fan
Electric Oven
Electric Range
Free-Standing Range
Disposal
Refrigerator
Range Hood
Self Cleaning Oven
Water Heater
Dryer
Electricity Connected, Water Connected, Composition
Building Details
Building Size
5,376 SF
Year Built
1983
Stories
2
Listing Agency:
Keller Williams Realty Chico Area
(530) 354-4244
Listed By:
Alisha Simpkins · License #01772692
(530) 354-4244
Source:
Kw
Added: Feb 27
Changed: Aug 27
Last Checked: Aug 29 at 5:04PM
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 Keller Williams Realty Chico Area
Investment Insights
Based on property information with market context.
Located near Chico State and Downtown Chico, 12 & 13 Klondike Court is a four-unit townhouse investment property. The property features two duplex buildings, each with spacious four-bedroom, two-bathroom townhouse units. This layout is suited for student housing and shared living arrangements. The property has upside potential, with one unit already remodeled, two units currently occupied, and one vacant unit ready for renovation. A dedicated off-street parking lot provides convenience for tenants. The property's proximity to campus and city services supports rental demand. This property offers scale, location, and a value-add opportunity.
Key Highlights
- Prime location near Chico State and Downtown Chico, ensuring strong rental demand.
- Four spacious 4‑bedroom, 2‑bathroom townhouse units, ideal for student housing.
- Value‑add opportunity with one vacant unit ready for renovation to maximize rental income.
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
$62,058
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
8.50%
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%
$1,241,160
$1.2M
Cap Rate 7%
$886,543
$886.5K
Cap Rate 9%
$689,533
$689.5K
Market Conditions
NOI Build-Up for 5,376 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
$117.4K $21.84/SF
− Vacancy
−$4.6K −$0.85/SF
EGI
$112.8K $20.99/SF
− OpEx
−$50.8K −$9.44/SF
NOI
$62.1K $11.54/SF
Area
Chico, CA
Vacancy
3.90%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
45.00%
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%
$1,241,160
Cap Rate 7%
$886,543
Cap Rate 9%
$689,533
Alternative Uses
Best Use
Multifamily LT 5
$975.4K
$853.4K – $1.14M
NOI $68,275 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$886.5K
$775.7K – $1.03M
NOI $62,058 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.09M
$949.8K – $1.27M
NOI $75,982 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
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?
Quadplex - Investment property near Chico State with value-add opportunity.
Where is this quadplex located?
The property is located at 12 Klondike Court Chico, CA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Prime location near Chico State and Downtown Chico, ensuring strong rental demand.; Four spacious 4‑bedroom, 2‑bathroom townhouse units, ideal for student housing.; Value‑add opportunity with one vacant unit ready for renovation to maximize rental income.
