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 Market78
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.
Listed By:
Tierra Hodge · License #02029984
(530) 566-3063
Source:
Homesbyupside
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 15 at 5:10AM
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 / Yr
$28,461
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in West region
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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
