Duplex with Garden
For Sale
$577,000
3403 Silverbell, Chico, CA 95973
Two separately metered residences provide private outdoor areas, in-unit laundry, fireplaces, and covered parking.
Property Size2,241 SF
Lot Size0.52 Acres
Days on Market33
Property Features for 3403 Silverbell
General Information
Standard status
Active
Size
2,241 SF
Total Parking Spaces
2
Lot size
0.52 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
fruit trees
garden space
fireplace
washer/dryer
carport
storage cabinet
Building Details
Building Size
2,241 SF
Year Built
1980
Listing Agency:
eXp Realty of California, Inc.
(530) 566-3063
Listed By:
Tierra Hodge · License #02029984
Source:
Homesbyupside
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 30 at 11:33PM
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 at 3403 Silverbell includes two independently metered residences on a .52-acre parcel with fruit trees, garden areas, and established landscaping. Unit A offers three bedrooms and two bathrooms, along with updated finishes, double-pane windows, HVAC, luxury vinyl flooring, a fireplace, and newer laundry appliances. Unit B contains two bedrooms and two bathrooms with an open kitchen and living area, abundant natural light, and its own fireplace. Both residences have separate washers and dryers, private outdoor space, and utility metering; tenants pay their own utilities.
An oversized carport provides two covered parking spaces, with a storage cabinet assigned to each unit. The property is approximately a 10-minute drive from Chico State University and Bidwell Park, and it is located in an established Chico neighborhood. The septic system has recently been pumped, and the property has long-term tenants and an existing property manager.
An oversized carport provides two covered parking spaces, with a storage cabinet assigned to each unit. The property is approximately a 10-minute drive from Chico State University and Bidwell Park, and it is located in an established Chico neighborhood. The septic system has recently been pumped, and the property has long-term tenants and an existing property manager.
Key Highlights
- .52‑acre duplex parcel with fruit trees, garden areas, and mature landscaping
- Unit A: 3‑bedroom, 2‑bath residence with updated finishes and newer laundry appliances
- Unit B: 2‑bedroom, 2‑bath residence with open kitchen and living area
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
$28,461
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
4.93%
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%
$569,220
$569.2K
Cap Rate 7%
$406,586
$406.6K
Cap Rate 9%
$316,233
$316.2K
Market Conditions
NOI Build-Up for 2,241 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
$42.2K $18.84/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$40.7K $18.14/SF
− OpEx
−$12.2K −$5.44/SF
NOI
$28.5K $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%
$569,220
Cap Rate 7%
$406,586
Cap Rate 9%
$316,233
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
515
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 residences provide private outdoor areas, in-unit laundry, fireplaces, and covered parking.
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: .52‑acre duplex parcel with fruit trees, garden areas, and mature landscaping; Unit A: 3‑bedroom, 2‑bath residence with updated finishes and newer laundry appliances; Unit B: 2‑bedroom, 2‑bath residence with open kitchen and living area
