Duplex Property with Detached
For Sale
$200,000
5524 E Commercial, Chico, CA 95973
Chico, CA
Property Size1,184 SF
Lot Size0.43 Acres
Price / SF$168.92
Days on Market67
Property Features for 5524 E Commercial
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bathroom 1, Bedroom 3, Workshop, Bedroom 2, Bathroom 2, Bedroom 4
Parking features
Driveway, Carport
Fencing
Chain Link
Lot features
Agricultural
Elementary school district
Chico Unified
Middle school district
Chico Unified
High school district
Chico Unified
Directions
Hwy 99 to Wilson Landing Rd, Left on Hamilton Nord Cana Hwy , Left on E Commercial, home on ledt side.
Standard status
Active
APN
047160020000
Size
1,184 SF
Lot size
0.43 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Roof type
Composition
Additional Structures
Outbuilding
Listing Agency:
Re/Max of Chico
(530) 896-9300
Listed By:
Michael Daly · License #01500085
(530) 370-4180
Added: Jun 16
Changed: Aug 20
Last Checked: Aug 21 at 5:06PM
MLS# SN26132480
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 duplex property includes two residential structures on a 0.43-acre corner parcel. The front residence is tenant-occupied and contains 4 bedrooms and 1 bathroom, with 1,184 square feet reported for the property. The rear structure has been gutted and includes areas designated for potential living, bedroom, and bathroom space. County records identify multifamily dwelling use.
Site improvements include two septic systems, a private well, chain-link fencing, a 13' x 23' recreation room, an 18' x 20' metal shop, a carport, driveway parking, and multiple outbuildings. The grounds also include a garden area and room for animals, equipment, hobbies, or additional improvements. Central heating and central air serve the property, which was built in 1944 and has a composition roof. The property is zoned Agricultural Residential in Chico, California.
Site improvements include two septic systems, a private well, chain-link fencing, a 13' x 23' recreation room, an 18' x 20' metal shop, a carport, driveway parking, and multiple outbuildings. The grounds also include a garden area and room for animals, equipment, hobbies, or additional improvements. Central heating and central air serve the property, which was built in 1944 and has a composition roof. The property is zoned Agricultural Residential in Chico, California.
Key Highlights
- 0.43‑acre corner lot zoned Agricultural Residential
- Front residence is tenant‑occupied with 4 bedrooms and 1 bathroom
- Rear residential structure has been gutted for renovation
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
$15,037
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
7.52%
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%
$300,740
$300.7K
Cap Rate 7%
$214,814
$214.8K
Cap Rate 9%
$167,078
$167.1K
Market Conditions
NOI Build-Up for 1,184 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
$22.3K $18.84/SF
− Vacancy
−$825 −$0.70/SF
EGI
$21.5K $18.14/SF
− OpEx
−$6.4K −$5.44/SF
NOI
$15.0K $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 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%
$300,740
Cap Rate 7%
$214,814
Cap Rate 9%
$167,078
Alternative Uses
Best Use
Multifamily LT 5
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.8K
NOI $13,668 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$239.1K
$209.2K – $278.9K
NOI $16,734 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Agricultural Residential zoning, separate residential structures, and fenced grounds support a range of rural property uses.
Where is this duplex located?
The property is located at 5524 E Commercial Chico, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.43‑acre corner lot zoned Agricultural Residential; Front residence is tenant‑occupied with 4 bedrooms and 1 bathroom; Rear residential structure has been gutted for renovation
