8-Unit Townhouse-Style
For Sale
$1,595,000
Pending
642 W 1st Ave, Chico, CA 95926
All units are leased and include private patios plus separate electric, gas, and water metering.
Property SizeContact for details
Days on Market420
Property Features for 642 W 1st Ave
General Information
Standard status
Pending
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
8 x 4BR/2BA
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Amenities
private fenced patios
professionally redesigned landscaping
fenced common rear yard with bike racks and BBQ area
Building Details
Buildings
2
Listing Agency:
Harris Commercial Real Estate
(530) 828-9289
Listed By:
Brandon Harris · License #01318261
(530) 828-9289
Source:
Exprealty
Added: Jul 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 Harris Commercial Real Estate
Investment Insights
Based on property information with market context.
College Place comprises two buildings with eight townhouse-style apartments, each offering four bedrooms and two bathrooms. Every residence includes a downstairs bedroom, bathroom, kitchen, and living area, with three additional bedrooms and a second bathroom upstairs. The configuration supports student and group living, and all units are currently leased.
One apartment has been fully remodeled and achieves rents approximately 8% above the other units. Electric, gas, and water are separately metered for each residence, while the property connects to city sewer and municipal services. Each apartment has a private fenced patio, and the shared rear yard includes fencing, bike racks, and a BBQ area. Landscaping was professionally redesigned for lower maintenance, and the property has been professionally managed for many years.
The property is located at 642 W. 1st Avenue in Chico, within walking distance of California State University, Chico and downtown Chico.
One apartment has been fully remodeled and achieves rents approximately 8% above the other units. Electric, gas, and water are separately metered for each residence, while the property connects to city sewer and municipal services. Each apartment has a private fenced patio, and the shared rear yard includes fencing, bike racks, and a BBQ area. Landscaping was professionally redesigned for lower maintenance, and the property has been professionally managed for many years.
The property is located at 642 W. 1st Avenue in Chico, within walking distance of California State University, Chico and downtown Chico.
Key Highlights
- Two buildings containing 8 four‑bedroom, two‑bath townhouse‑style apartments
- 100% occupied with all 8 units currently leased
- Individually metered for electric, gas, and water
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
833
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
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Frequently Asked Questions
What type of property is this?
Apartment building - All units are leased and include private patios plus separate electric, gas, and water metering.
Where is this apartment building located?
The property is located at 642 W 1st Ave Chico, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Two buildings containing 8 four‑bedroom, two‑bath townhouse‑style apartments; 100% occupied with all 8 units currently leased; Individually metered for electric, gas, and water
