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    1029 Salem St Chico, CA 95928

    For Sale
    $550,000

    Charming four-unit property near Downtown Chico, Chico State, and Bidwell Park.

    Lot size:
    0.18 Acres

    Property Features for 1029 Salem St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1930

    Source: Parkway Real Estate Co. Agent John Barroso

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

    Overview

    Chico Quadruplex Investment Opportunity

    This quadruplex offers four 1-bedroom, 1-bathroom units, each with its own distinct charm. Two units are located on the lower level, and two are upstairs, accessible via a wide staircase that leads to a welcoming porch area. The units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and cased wood windows. The kitchens and living areas are spacious. Two of the units have been updated with efficient mini-split systems. The property includes off-street parking and a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park, this property presents an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -121.8351797
    Latitude
    39.7232145

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    FAQs

    What type of property is this?
    Quadplex - Charming four-unit property near Downtown Chico, Chico State, and Bidwell Park.
    Where is this quadplex located?
    The property is located at 1029 Salem St Chico, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park.; - Four 1-bedroom, 1-bathroom units offering a unique investment opportunity.; - Character-filled units boast high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and cased wood windows.
    (530) 570-8489
    Request Owner's contact information
    1029 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
    1029 Salem St Chico, CA 95928
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