Fully Leased
For Sale
$460,000
1435 Fetter, Chico, CA 95928
Each residence offers a two-bedroom layout with a living area, kitchen, full bathroom, and connecting hallway.
Property Size2,160 SF
Days on Market19
Property Features for 1435 Fetter
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,160 SF
Year Built
1979
Buildings
1
Listing Agency:
Capital Rivers Commercial Inc
(530) 896-9340
Listed By:
Matt Depa · License #01861484
Source:
Homesbyupside
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 30 at 10:30PM
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 Capital Rivers Commercial Inc
Investment Insights
Based on property information with market context.
This triplex contains three leased residences, each arranged with two bedrooms, one bathroom, a living room, kitchen, and hallway. The repeated floor plan provides consistent configuration across the property, while current occupancy establishes an income-producing residential setup. The building was constructed in 1979.
Located at 1435 Fetter in Chico, California, the property has a BikeScore of 81, classified as Very Bikeable, and a WalkScore of 49, classified as Car-Dependent.
Located at 1435 Fetter in Chico, California, the property has a BikeScore of 81, classified as Very Bikeable, and a WalkScore of 49, classified as Car-Dependent.
Key Highlights
- All 3 units are currently leased
- Each unit includes 2 bedrooms and 1 bathroom
- Individual layouts include living room, kitchen, full bathroom, and hallway
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
$27,432
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
5.96%
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%
$548,640
$548.6K
Cap Rate 7%
$391,886
$391.9K
Cap Rate 9%
$304,800
$304.8K
Market Conditions
NOI Build-Up for 2,160 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
$40.7K $18.84/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$39.2K $18.14/SF
− OpEx
−$11.8K −$5.44/SF
NOI
$27.4K $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 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%
$548,640
Cap Rate 7%
$391,886
Cap Rate 9%
$304,800
Alternative Uses
Best Use
Multifamily LT 5
$391.9K
$342.9K – $457.2K
NOI $27,432 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$356.2K
$311.7K – $415.6K
NOI $24,934 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,528 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a two-bedroom layout with a living area, kitchen, full bathroom, and connecting hallway.
Where is this triplex located?
The property is located at 1435 Fetter Chico, CA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: All 3 units are currently leased; Each unit includes 2 bedrooms and 1 bathroom; Individual layouts include living room, kitchen, full bathroom, and hallway
