Triplex with Detached
New
For Sale
$469,900
228 -234 W 14th St, Chico, CA 95928
Three living spaces include a finished lower-level apartment and a separate home with backyard access.
Property Size3,008 SF
Days on Market4
Property Features for 228 -234 W 14th St
General Information
Standard status
Active
Size
3,008 SF
Property subtype
Investment
Units
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Amenities
common laundry
private laundry
raised front porch
cozy fireplace
loft with private covered balcony
large concrete patio
Building Details
Building Size
3,008 SF
Year Built
1930
Buildings
2
Stories
1
Units
3
Listing Agency:
Rolls Real Estate
Listed By:
Julie Rolls · License #01844065
(530) 520-8545
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:21PM
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 Rolls Real Estate
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Investment Insights
Based on property information with market context.
This Chico property combines a main house, a finished basement apartment, and a detached accessory dwelling unit. The main residence is a Craftsman built in 1930, with a raised porch, fireplace, upper-level loft, and covered balcony. A side entrance offers separate access. The basement apartment has a kitchen, living area, and bathroom, with rear access to a concrete patio. The detached home at 228 W 14th St was previously used as a 2-bedroom unit and has direct backyard access.
Separate utility meters serve electricity and gas. Laundry options include a common utility room in the garage and hookups inside the main house. The property is in Chico’s Barber District, near downtown and the former Diamond Match Factory area.
Separate utility meters serve electricity and gas. Laundry options include a common utility room in the garage and hookups inside the main house. The property is in Chico’s Barber District, near downtown and the former Diamond Match Factory area.
Key Highlights
- Three residential spaces: main house, basement apartment, and detached ADU
- Main house built in 1930 with a porch, fireplace, loft, and covered balcony
- Basement apartment includes a kitchen, living area, bathroom, and rear patio access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,202
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,040
$764.0K
Cap Rate 7%
$545,743
$545.7K
Cap Rate 9%
$424,467
$424.5K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$56.7K $18.84/SF
− Vacancy
−$2.1K −$0.70/SF
EGI
$54.6K $18.14/SF
− OpEx
−$16.4K −$5.44/SF
NOI
$38.2K $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%
$764,040
Cap Rate 7%
$545,743
Cap Rate 9%
$424,467
Alternative Uses
Best Use
Multifamily LT 5
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$496.0K
$434.0K – $578.7K
NOI $34,723 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$607.3K
$531.4K – $708.6K
NOI $42,514 @ 7.0% cap · market cap 9.05%
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
1,411
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 living spaces include a finished lower-level apartment and a separate home with backyard access.
Where is this triplex located?
The property is located at 228 -234 W 14th St Chico, CA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three residential spaces: main house, basement apartment, and detached ADU; Main house built in 1930 with a porch, fireplace, loft, and covered balcony; Basement apartment includes a kitchen, living area, bathroom, and rear patio access
