Two-Unit Duplex with Detached
For Sale
$449,000
Pending
1926 Broadway, Chico, CA 95928
Two separate residences include a backyard, covered porch, and alley-access garage with additional flexibility.
Property Size2,121 SF
Days on Market14
Property Features for 1926 Broadway
General Information
Standard status
Pending
Size
2,121 SF
Property subtype
Duplex
Building Details
Building Size
2,121 SF
Year Built
1910
Listing Agency:
Taylor Real Estate
Listed By:
Tara Taylor · License #01515609
Source:
Homesbyupside
Added: Sep 11
Changed: Sep 17
Last Checked: Sep 24 at 6:28PM
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 Taylor Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two approximately 1,000-square-foot residences, each configured with 2 bedrooms and 1 bathroom. The main-level unit features a covered front porch, living and dining rooms, Douglas fir hardwood flooring, high ceilings, a kitchen, laundry area, and a Jack-and-Jill bathroom. The lower unit has a separate entry, living room, kitchen, two bedrooms, laundry space, and a flexible room suitable for office, storage, or pantry use.
The property at 1926 Broadway in Chico includes a spacious backyard and an approximately 680-square-foot detached 2-car garage. The garage has alley access and an existing double gate; conversion or ADU development may be possible subject to City approval and applicable requirements. Recent work includes a roof installed in 2020, fresh interior paint, mostly new blinds, and new flooring throughout most of the basement.
The property at 1926 Broadway in Chico includes a spacious backyard and an approximately 680-square-foot detached 2-car garage. The garage has alley access and an existing double gate; conversion or ADU development may be possible subject to City approval and applicable requirements. Recent work includes a roof installed in 2020, fresh interior paint, mostly new blinds, and new flooring throughout most of the basement.
Key Highlights
- Two approximately 1,000‑square‑foot units, each with 2 bedrooms and 1 bathroom
- Built in 1910 with two existing living spaces recognized by the City
- Approximately 680‑square‑foot detached 2‑car garage with alley access
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
$26,937
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
6.00%
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%
$538,740
$538.7K
Cap Rate 7%
$384,814
$384.8K
Cap Rate 9%
$299,300
$299.3K
Market Conditions
NOI Build-Up for 2,121 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
$40.0K $18.84/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$38.5K $18.14/SF
− OpEx
−$11.5K −$5.44/SF
NOI
$26.9K $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%
$538,740
Cap Rate 7%
$384,814
Cap Rate 9%
$299,300
Alternative Uses
Best Use
Multifamily LT 5
$384.8K
$336.7K – $449.0K
NOI $26,937 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$349.8K
$306.1K – $408.1K
NOI $24,484 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
572
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a backyard, covered porch, and alley-access garage with additional flexibility.
Where is this duplex located?
The property is located at 1926 Broadway 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: Two approximately 1,000‑square‑foot units, each with 2 bedrooms and 1 bathroom; Built in 1910 with two existing living spaces recognized by the City; Approximately 680‑square‑foot detached 2‑car garage with alley access
