Fully Leased
For Sale
$449,000
Pending
1460 Fetter Street, Chico, CA 95928
Three leased residences provide practical layouts with individual kitchens, porches, and two-bedroom floor plans.
Property Size2,160 SF
Days on Market65
Property Features for 1460 Fetter Street
General Information
Standard status
Pending
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
1980
Listing Agency:
Capital Rivers Commercial Inc
Listed By:
Matt Depa · License #01861484
(530) 896-9340
Source:
Homesbyupside
Added: Aug 13
Changed: Oct 11
Last Checked: Oct 15 at 6:23AM
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
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Investment Insights
Based on property information with market context.
Built in 1980, this triplex contains three residential units, each arranged with two bedrooms, one bathroom, a living room, and a dedicated kitchen. Every residence also includes a front porch, creating a consistent configuration across the property. All three units are currently leased, providing an occupied multifamily asset with rental income in place.
The property is located at 1460 Fetter St in Chico, California. Its Bike Score is 81, classified as Very Bikeable, while its Walk Score is 49, classified as Car-Dependent.
The property is located at 1460 Fetter St in Chico, California. Its Bike Score is 81, classified as Very Bikeable, while its Walk Score is 49, classified as Car-Dependent.
Key Highlights
- Three‑unit triplex built in 1980
- All 3 units are currently leased
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,432
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
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
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 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 6.11%
Second Best
Apartment 5plus
$356.2K
$311.7K – $415.6K
NOI $24,934 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,528 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences provide practical layouts with individual kitchens, porches, and two-bedroom floor plans.
Where is this triplex located?
The property is located at 1460 Fetter Street Chico, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1980; All 3 units are currently leased; Each unit includes 2 bedrooms and 1 bathroom
