Triplex with Individual
1326 Mulberry, Chico, CA 95928
For Sale
New
$499,000
Three residences span two structures, with separate meters and parking for each unit.
Property Size1,932 SF
Days on Market6
Property Features for 1326 Mulberry
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Cap Rate
Amenities
fenced individual yards
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
JAROLLS, INC
Listed By:
Zachary Heckerson · License #02241866
(530) 588-3770
Source:
Elliman
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 7:04AM
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 JAROLLS, INC
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Investment Insights
Based on property information with market context.
This triplex comprises a two-bedroom, two-bath home at the front and a rear duplex with a studio and a one-bedroom, one-bath unit. Each residence has a fenced yard, a separate meter, and parking. The front home received a full renovation in 2023, including luxury vinyl plank flooring, an updated kitchen, and remodeled bathrooms. The property was built in 1907, and a new roof was installed in 2026. The rear duplex has an existing metal roof; its exterior siding was repaired and painted, while interior work included fresh paint, carpet, and blinds.
The property is near downtown Chico, California State University, Chico, and shopping, dining, and entertainment. The rear duplex also has alley access. BikeScore is 82 and WalkScore is 88.
The property is near downtown Chico, California State University, Chico, and shopping, dining, and entertainment. The rear duplex also has alley access. BikeScore is 82 and WalkScore is 88.
Key Highlights
- Triplex configuration: a two‑bedroom, two‑bath home plus a studio and a one‑bedroom, one‑bath unit
- Three individual fenced yards, separate meters, and parking
- Front residence renovated in 2023, including kitchen and bathroom updates
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 - Three residences span two structures, with separate meters and parking for each unit.
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: Triplex configuration: a two‑bedroom, two‑bath home plus a studio and a one‑bedroom, one‑bath unit; Three individual fenced yards, separate meters, and parking; Front residence renovated in 2023, including kitchen and bathroom updates
