Triplex with Separate
New
For Sale
$499,000
1326 Mulberry, Chico, CA 95928
Chico, CA
Property Size1,932 SF
Lot Size0.20 Acres
Price / SF$258.28
Days on Market5
Property Features for 1326 Mulberry
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 3, Kitchen, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Laundry Room
Parking
4
Parking features
Carport, Covered
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Living Room Deck Attached, Pull Down Stairs to Attic, Open Floorplan, Formica Counters
Appliances
Refrigerator, Gas Water Heater, Gas Range, Gas Oven, Dishwasher
Lot features
Level with Street, 0-1 Unit/ Acre, Front Yard, Lot 10000-19999 Sqft, Walkstreet
Elementary school district
Chico Unified
Middle school district
Chico Unified
High school district
Chico Unified
Directions
Go West on 20th street, turn right on Mulberry St, property is just past E 14th St on left. Alley access in the back
Standard status
Active
APN
005181005000
Size
1,932 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fenced individual yards
low maintenance yards
covered parking
off-street parking
Building Details
Year built
1907
Floors in Building
1
Number of units
3
Flooring type
Laminate, Vinyl, Carpet
Building materials
Wood Siding, Lap Siding
Roof type
Metal, Composition
Architectural style
Bungalow
Buildings
2
Listing Agency:
Re/Max of Chico
(530) 896-9300
Listed By:
Zachary Heckerson · License #02241866
(530) 588-3770
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 5 at 3:06AM
MLS# SN26235845
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set across two structures on a 0.2-acre parcel, this 1,932-square-foot triplex contains a two-bedroom, two-bath home and a rear duplex with a studio and a one-bedroom, one-bath unit. The front residence was renovated in 2023, including work to the kitchen, bathrooms, and flooring. The rear units have fresh interior paint, new carpet, and new blinds; the duplex exterior siding was repaired and repainted. The property was built in 1907 and has public water and sewer service.
Each of the three residences has a fenced yard and a separate meter. Parking includes a carport and additional off-street spaces, with alley access to the rear duplex. The property is near downtown Chico, California State University, Chico, and local shopping and dining. The stated capitalization rate is 6%.
Each of the three residences has a fenced yard and a separate meter. Parking includes a carport and additional off-street spaces, with alley access to the rear duplex. The property is near downtown Chico, California State University, Chico, and local shopping and dining. The stated capitalization rate is 6%.
Key Highlights
- Three units across two structures: 2‑bedroom, 2‑bath home; studio; and 1‑bedroom, 1‑bath unit
- 1,932 square feet on 0.2 acres
- Front residence renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,536
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,720
$490.7K
Cap Rate 7%
$350,514
$350.5K
Cap Rate 9%
$272,622
$272.6K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$36.4K $18.84/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$35.1K $18.14/SF
− OpEx
−$10.5K −$5.44/SF
NOI
$24.5K $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 Rate 5%
$490,720
Cap Rate 7%
$350,514
Cap Rate 9%
$272,622
Alternative Uses
Best Use
Multifamily LT 5
$350.5K
$306.7K – $408.9K
NOI $24,536 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$318.6K
$278.8K – $371.7K
NOI $22,302 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$390.1K
$341.3K – $455.1K
NOI $27,306 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has a fenced outdoor area, its own meter, and parking.
Where is this triplex located?
The property is located at 1326 Mulberry 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: Three units across two structures: 2‑bedroom, 2‑bath home; studio; and 1‑bedroom, 1‑bath unit; 1,932 square feet on 0.2 acres; Front residence renovated in 2023
