Ranch-Style Duplex with Private
For Sale
$509,900
Pending
6 Plaza Way, Chico, CA 95926
Two residential units each feature central heating and air, private backyards, and an indoor shared laundry room.
Property Size2,130 SF
Days on Market86
Property Features for 6 Plaza Way
General Information
Standard status
Pending
Size
2,130 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
central heating and air conditioning
private backyards
outdoor dining patios
indoor shared laundry room with washer and dryer
mature trees
lush established shrubbery
Building Details
Year Built
1965
Construction
ranch-style
Listing Agency:
Century 21 Select Real Estate, Inc.
(530) 514-3334
Listed By:
Effie Khaki · License #01024181
(530) 514-3334
Source:
Exitrealty
Added: May 7
Changed: Jul 21
Last Checked: Jul 23 at 8:10AM
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 Century 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
This ranch-style duplex on a raised foundation presents two separate residences, each with its own private backyard and outdoor dining patio. The property was recently updated with fresh interior paint and new flooring. The larger unit includes three bedrooms and two bathrooms, a spacious living room, and a dining area flowing from the kitchen, plus an attached 2-car garage. The second unit offers two bedrooms and one bathroom with a well-proportioned living space. Both kitchens include a stove, oven, dishwasher, garbage disposal, and refrigerator, and both units are served by central heating and air conditioning. An indoor shared laundry room with a washer and dryer is also included.
Located at 6 Plaza Way in Chico, California, the duplex is described as being in a convenient, commuter-friendly area near shopping, dining, and public transit.
Located at 6 Plaza Way in Chico, California, the duplex is described as being in a convenient, commuter-friendly area near shopping, dining, and public transit.
Key Highlights
- Ranch‑style duplex built in 1965 with approximately 2,130 SF of living space on a raised foundation
- Unit mix: one unit has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom
- Both units include kitchens with stove, oven, dishwasher, garbage disposal, and refrigerator
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 | $40.1k | $18.84 |
| − Vacancy | −$1.5k | −$0.70 |
| EGI | $38.6k | $18.14 |
| − OpEx | −$11.6k | −$5.44 |
| NOI | $27.1k | $12.70 |
2,130 SF · lease $18.84/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.9K
NOI $27,051 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$351.3K
$307.4K – $409.8K
NOI $24,588 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$430.1K
$376.3K – $501.7K
NOI $30,104 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
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 each feature central heating and air, private backyards, and an indoor shared laundry room.
Where is this duplex located?
The property is located at 6 Plaza Way Chico, CA.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Ranch‑style duplex built in 1965 with approximately 2,130 SF of living space on a raised foundation; Unit mix: one unit has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom; Both units include kitchens with stove, oven, dishwasher, garbage disposal, and refrigerator
