Residential Triplex
1700 Sherman Avenue Chico, CA 95926
1700 Sherman Avenue, Chico, CA, 95926
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For Sale
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Triplex for sale in Chico, CA with residential income configuration.
Property Size2,616 SF
Price / SF$209.86
Days on Market50
Property Features for 1700 Sherman Avenue
General Information
- Standard status
- Active
- Size
- 2,616 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Century 21 Select Real Estate Chico
Listed by
Sandy Stoner · License #CA
Source
Crexi
Added: Jun 3 Updated: Jul 21 at 7:48AM Checked: Jul 21 at 7:48AM
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 Century 21 Select Real Estate Chico
Investment Insights
Based on property information with market context.
This residential triplex offers an income-oriented multifamily setup with three separate dwelling units. The property is listed for sale and totals 2,616 square feet.
The tri-plex is located in the Avenues area of Chico, CA, at 1700 Sherman Avenue.
Presented as a residential income property, this asset is suited for buyers seeking a small, multi-unit configuration.
The tri-plex is located in the Avenues area of Chico, CA, at 1700 Sherman Avenue.
Presented as a residential income property, this asset is suited for buyers seeking a small, multi-unit configuration.
Key Highlights
- Triplex for sale in Chico, CA
- Built in 1984
- Located in the Avenues
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $18.84 |
| − Vacancy | −$1.8k | −$0.70 |
| EGI | $47.5k | $18.14 |
| − OpEx | −$14.2k | −$5.44 |
| NOI | $33.2k | $12.70 |
2,616 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.6K
$415.3K – $553.7K
NOI $33,223 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.3K
NOI $30,198 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex for sale in Chico, CA with residential income configuration.
Where is this triplex located?
The property is located at 1700 Sherman Avenue Chico, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Triplex for sale in Chico, CA; Built in 1984; Located in the Avenues
