Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3142 Burlington Ave Oroville, CA 95966

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile income property with two units and extra lot.

    Lot size:
    0.10 Acres

    Property Features for 3142 Burlington Ave

    General Information

    Standard status
    Active
    Zoning
    Assessor
    Lot size
    0.10 Acres

    We can help!

    Listing Contact
    Michael Daly
    Source: Crexi

    Listing Agency: Re/Max of Chico Listing Agent: Michael Daly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Residential Income Property Opportunity

    This residential income property features two units: a 3-bedroom, 1-bath home and a cinder block commercial-style building with 5 bedrooms, 1 bath, and a kitchen. The latter was previously configured for rent-by-the-room income. An additional 0.10-acre adjacent lot is included, providing extra space for parking, tenant use, or future possibilities. The property is conveniently located near town and schools, offering rental potential and flexibility for multiple income strategies.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oroville
    County
    Plumas
    State
    California
    Longitude
    -121.541817
    Latitude
    39.5001763

    Nearby Similar for Sale

    • $300,000
      2,800 SF

      Versatile Income Property in Oroville

      Residential income property with two units and additional lot.
      3142 Burlington Ave, Oroville, CA 95966
      View Details
    • $396,000
      1,800 SF

      Oroville Commercial Condominium Units

      Two commercial condominium units totaling 1800 sq. ft.
      2006 5Th Ave, Oroville, CA 95965
      View Details
    • $440,000
      2,000 SF

      Oroville Commercial Condominium Investment

      Two-unit commercial condominium leased to established Salon & Spa.
      2002 5Th Ave, Oroville, CA 95965
      View Details
    • $899,500
      6,909 SF

      Oroville Multifamily Investment Opportunity

      Nine-unit apartment complex in downtown Oroville, a great investment opportunity.
      836 Pomona Ave, Oroville, CA 95965
      View Details
    • $209,000
      1,940 SF

      Oroville Commercial Unit For Sale

      1940 sq ft commercial unit with private parking lot.
      2360 Oro Quincy Hwy, Oroville, CA 95966
      View Details
    • $749,000

      Office and Warehouse on Highway

      Office and warehouse space with highway visibility and ample parking.
      2950 Feather River Blvd, Oroville, CA 95965
      View Details
    • $750,000

      Turn-Key Restaurant Opportunity in Oroville

      Fully equipped restaurant with drive-thru on a busy roundabout.
      1355 Washington Ave, Oroville, CA 95965
      View Details
    • $705,000
      4,335 SF

      Income-Producing Triplex on Large Lot

      Income property featuring two single-family homes and one triplex.
      2048 10Th St, Oroville, CA 95965
      View Details
    • $220,000
      1,000 SF

      Oroville Commercial Condo For Sale

      Condo unit in business complex, currently a dental office.
      2012 5Th Ave, Oroville, CA 95965
      View Details
    • $749,000
      4,620 SF

      Oroville Commercial Property with Highway Visibility

      Office and warehouse space with ample parking and highway access.
      2950 Feather River Blvd, Oroville, CA 95965
      View Details
    • $700,000

      Remodeled Gym in Downtown Oroville

      Turnkey gym investment property with long-term tenant in downtown Oroville.
      1790 Montgomery St, Oroville, CA 95965
      View Details
    • $209,000

      Versatile Commercial Unit with Parking

      1,940 sq ft commercial unit with private parking lot.
      2360 Oro Quincy Hwy, Oroville, CA 95966
      View Details

    FAQs

    What type of property is this?
    Duplex - Versatile income property with two units and extra lot.
    Where is this duplex located?
    The property is located at 3142 Burlington Ave Oroville, CA.
    What are key features of this property?
    This property features: - Two Units: Includes a 3-bedroom, 1-bath home and a 5-bedroom, 1-bath commercial-style building; - Income Potential: Property offers strong rental potential and flexibility for multiple income strategies; - Additional Lot: Includes an adjacent .10-acre lot for parking, tenant use, or future development
    Request Owner's contact information
    3142 Burlington Ave Oroville, CA 95966
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3142 Burlington Ave
    Oroville, CA 95966
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3142 Burlington Ave Oroville, CA 95966
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Daly
    Real Estate License ID: 01500085
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!