Duplex with Garden
For Sale
$577,000
3403 Silverbell, Chico, CA 95973
Chico, CA
Property Size2,241 SF
Lot Size0.52 Acres
Price / SF$257.47
Days on Market23
Property Features for 3403 Silverbell
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Kitchen, Bathroom 2, Bedroom 4, Bedroom 5, Laundry Room, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1
Parking
4
Parking features
Carport, Driveway
Spa
1
Window features
ENERGY STAR Qualified WIndows
Interior features
Built-in Features, Ceiling Fan(s), Storage
Fencing
Cross Fenced
Fireplace
1
Appliances
Water Heater, Refrigerator, Electric Range, Dishwasher
Lot features
Paved, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, 2-5 Units/ Acre, Front Yard, Garden, Walkstreet, Back Yard, Lot 20000-39999 Sqft, Lawn, Yard
Elementary school district
Chico Unified
Middle school district
Chico Unified
High school district
Chico Unified
Directions
from 99 exit on to Eaton ave and head East first Right on to Silverbell property is on the left
Standard status
Active
APN
007390002000
Size
2,241 SF
Lot size
0.52 Acres
Utilities
Heating system
Central
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Roof type
Composition
Additional Structures
Storage
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Tierra Hodge · License #02029984
(530) 566-3063
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 21 at 9:06AM
MLS# SN26167202
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,241-square-foot duplex, built in 1980, occupies a 0.52-acre parcel with fruit trees, garden areas, and separate outdoor space for each residence. Unit A offers three bedrooms and two bathrooms, updated finishes, double-pane windows, central HVAC, a fireplace, and newer laundry appliances. Unit B includes two bedrooms, two bathrooms, an open kitchen and living area, a fireplace, and abundant natural light. Both units have their own washer and dryer.
The property includes two electric meters and two gas meters, with tenants responsible for utilities. An oversized carport provides two covered parking spaces, and each residence has storage in the carport. Additional features include a sunny patio, fenced outdoor areas, public water, central air, and a composition roof. Chico State University and Bidwell Park are each approximately a 10-minute drive away, and the septic system has recently been pumped.
The property includes two electric meters and two gas meters, with tenants responsible for utilities. An oversized carport provides two covered parking spaces, and each residence has storage in the carport. Additional features include a sunny patio, fenced outdoor areas, public water, central air, and a composition roof. Chico State University and Bidwell Park are each approximately a 10-minute drive away, and the septic system has recently been pumped.
Key Highlights
- Two‑unit duplex with 2,241 square feet of building area
- 0.52‑acre lot with fruit trees and garden space
- Unit A: 3 bedrooms, 2 bathrooms, updated finishes, HVAC, fireplace, and newer laundry appliances
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
Multi-tenant
Tenancy
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 residential units feature separate laundry, private outdoor areas, and individual utility metering.
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: Two‑unit duplex with 2,241 square feet of building area; 0.52‑acre lot with fruit trees and garden space; Unit A: 3 bedrooms, 2 bathrooms, updated finishes, HVAC, fireplace, and newer laundry appliances
