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    1001 Salem St Chico, CA 95928

    For Sale
    $499,000

    Remodeled triplex near Chico State with immediate income potential.

    Lot size:
    0.18 Acres

    Property Features for 1001 Salem St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1981

    Source: Thrive Real Estate Company Agent Tamara Lambert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chico Triplex Near Chico State

    This well-maintained triplex is located in a prime Chico location, minutes from Chico State, Historic Downtown, and local dining and shopping. The property features three separate units, each with its own fenced backyard and shaded by mature trees. The unit mix includes a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit, and a studio. Two of the units have been recently remodeled. All units are currently rented to long-term tenants, offering immediate income potential. This property presents an opportunity for investors looking to expand their portfolio.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8351876
    Latitude
    39.7233749

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    FAQs

    What type of property is this?
    Triplex - Remodeled triplex near Chico State with immediate income potential.
    Where is this triplex located?
    The property is located at 1001 Salem St Chico, CA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime Location: Minutes from Chico State, Downtown, dining, and shopping.; - Tri-Plex: Three separate units (2-bed, 1-bed, studio) each with a fenced backyard.; - Immediate Income Potential: All units currently rented to long-term tenants.
    (530) 520-5777
    Request Owner's contact information
    1001 Salem St Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Salem St Chico, CA 95928
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