Updated Duplex with Garden
New
For Sale
$577,000
3403 Silverbell, Chico, CA 95973
Two separately metered units offer distinct floor plans, private outdoor areas, and in-unit laundry.
Lot Size0.52 Acres
Days on Market5
Property Features for 3403 Silverbell
General Information
Standard status
Active
Total Parking Spaces
2
Lot size
0.52 Acres
Property subtype
Duplex
Additional Details
Gross Income
$42,000
Utilities to Site
Yes
Amenities
fruit trees
garden space
double pane windows
HVAC
luxury vinyl flooring
fireplace
washer and dryer
patio
private back yard
cherry trees
roses
lilacs
shade trees
Building Details
Building Size
2,241 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty of California, Inc.
(530) 566-3063
Listed By:
Tierra Hodge · License #02029984
Source:
Homesbyupside
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 5:32AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 1980, this duplex includes two independent residences with separate electric and gas meters. The larger unit offers three bedrooms and two bathrooms, along with newer double-pane windows, HVAC, luxury vinyl flooring, a fireplace, and newer washer and dryer. The second residence contains two bedrooms and two bathrooms, with an open kitchen and living area, fireplace, natural light, patio, and private yard. Both units have their own laundry appliances.
The property occupies 0.52 acres with fruit trees, garden areas, mature shade trees, and landscaped outdoor spaces. An oversized carport provides two covered parking spaces, while each residence has a storage cabinet in the carport. Tenants pay their own utilities.
Located in Chico, the property is a 10-minute drive from Chico State University and Bidwell Park. The current property manager is interested in continuing management, and the residences have long-term tenants.
The property occupies 0.52 acres with fruit trees, garden areas, mature shade trees, and landscaped outdoor spaces. An oversized carport provides two covered parking spaces, while each residence has a storage cabinet in the carport. Tenants pay their own utilities.
Located in Chico, the property is a 10-minute drive from Chico State University and Bidwell Park. The current property manager is interested in continuing management, and the residences have long-term tenants.
Key Highlights
- 0.52‑acre duplex parcel with fruit trees, garden space, and mature shade trees
- Unit A: 3 bedrooms, 2 bathrooms, newer double‑pane windows, HVAC, and luxury vinyl flooring
- Unit B: 2 bedrooms, 2 bathrooms, open kitchen and living area, fireplace, and sunny patio
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 | $42.2k | $18.84 |
| − Vacancy | −$1.6k | −$0.70 |
| EGI | $40.7k | $18.14 |
| − OpEx | −$12.2k | −$5.44 |
| NOI | $28.5k | $12.70 |
2,241 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.6K
$355.8K – $474.4K
NOI $28,461 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$369.6K
$323.4K – $431.2K
NOI $25,869 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$452.5K
$395.9K – $527.9K
NOI $31,673 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units offer distinct floor plans, private outdoor areas, and in-unit laundry.
Where is this duplex located?
The property is located at 3403 Silverbell Chico, CA.
What is the asking price?
The asking price for this property is $577,000.
What are key features of this property?
This property features: 0.52‑acre duplex parcel with fruit trees, garden space, and mature shade trees; Unit A: 3 bedrooms, 2 bathrooms, newer double‑pane windows, HVAC, and luxury vinyl flooring; Unit B: 2 bedrooms, 2 bathrooms, open kitchen and living area, fireplace, and sunny patio
