Two-Unit Duplex with
3275 Rockin M, Chico, CA 95973
For Sale
$499,900
Two residential units offer private yards, indoor laundry, garages, and separate kitchen and living areas.
Property Size2,287 SF
Days on Market106
Property Features for 3275 Rockin M
General Information
Standard status
Size
Property subtype
Amenities
private yards
indoor laundry
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Re/Max of Chico
Listed By:
Dan Bosch · License #01236305
(530) 520-8545
Source:
Homesbyupside
Added: Jul 27
Changed: Nov 5
Last Checked: Nov 8 at 2:46PM
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 Re/Max of Chico
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Investment Insights
Based on property information with market context.
Built in 2009, this duplex contains one three-bedroom, two-bath unit and one two-bedroom, two-bath unit. Each residence includes a private yard, indoor laundry, a spacious kitchen, and a flowing living area. Garages serve the units, with additional parking available both on the street and off the street. Mature shade trees surround the property.
An adjacent duplex with the same configuration is also offered for sale, and the seller would consider a package transaction. One unit is vacant for showings, while gross income information reflects pro-forma annual rents.
An adjacent duplex with the same configuration is also offered for sale, and the seller would consider a package transaction. One unit is vacant for showings, while gross income information reflects pro-forma annual rents.
Key Highlights
- One 3‑bedroom/2‑bath unit and one 2‑bedroom/2‑bath unit
- Built in 2009
- Private yard, indoor laundry, spacious kitchen, and living area for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,045
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,900
$580.9K
Cap Rate 7%
$414,929
$414.9K
Cap Rate 9%
$322,722
$322.7K
Market Conditions
NOI Build-Up for 2,287 SF
Gross rent
$43.1K $18.84/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$41.5K $18.14/SF
− OpEx
−$12.4K −$5.44/SF
NOI
$29.0K $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%
$580,900
Cap Rate 7%
$414,929
Cap Rate 9%
$322,722
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.1K – $484.1K
NOI $29,045 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$461.8K
$404.0K – $538.7K
NOI $32,323 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
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Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Market
Properties on Market for Duplexes in Chico
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private yards, indoor laundry, garages, and separate kitchen and living areas.
Where is this duplex located?
The property is located at 3275 Rockin M Chico, CA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: One 3‑bedroom/2‑bath unit and one 2‑bedroom/2‑bath unit; Built in 2009; Private yard, indoor laundry, spacious kitchen, and living area for each unit
