Eight-Unit Apartment
For Sale
Contact for pricing
811 W 2nd, Chico, CA 95926
Eight-unit apartment complex featuring six two-story four-bedroom units and two studio units with off-street parking.
Property Size8,880 SF
Price / SF$149.21
Days on Market148
Property Features for 811 W 2nd
General Information
Standard status
Active
Size
8,880 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
Parkway Real Estate Co
(530) 809-3746
Listed By:
Rick Sufuentes · License #CA 01486988
Source:
Crexi
Added: Mar 8
Changed: Jul 23
Last Checked: Jul 27 at 9:38AM
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 Parkway Real Estate Co
Investment Insights
Based on property information with market context.
811 W 2nd Avenue is an eight-unit apartment complex featuring six two-story, four-bedroom, two-bath units and two studio units. The property includes off-street parking and offers a practical mix of unit types.
Located in central Chico, the building is described as being two blocks from Chico State University and near the Safeway Shopping Center, restaurants, and public transportation. The area provides convenient access to shopping, dining, and major corridors throughout Chico.
Several units have received recent updates, which may support improved leasing and tenant-ready presentation compared to unupdated units. The overall configuration is suited to an investor or owner looking for multifamily income in a university-adjacent rental environment.
Located in central Chico, the building is described as being two blocks from Chico State University and near the Safeway Shopping Center, restaurants, and public transportation. The area provides convenient access to shopping, dining, and major corridors throughout Chico.
Several units have received recent updates, which may support improved leasing and tenant-ready presentation compared to unupdated units. The overall configuration is suited to an investor or owner looking for multifamily income in a university-adjacent rental environment.
Key Highlights
- 8‑unit apartment complex built in 1984
- Unit mix includes six two‑story 4‑bedroom/2‑bath units plus two studio units
- Off‑street parking available for residents
Financial Insights For Apartment 5plus
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 | $193.9k | $21.84 |
| − Vacancy | −$7.6k | −$0.85 |
| EGI | $186.4k | $20.99 |
| − OpEx | −$83.9k | −$9.44 |
| NOI | $102.5k | $11.54 |
8,880 SF · lease $21.84/SF/yr · vacancy 3.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,507 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,506 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,076
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?
Apartment building - Eight-unit apartment complex featuring six two-story four-bedroom units and two studio units with off-street parking.
Where is this apartment building located?
The property is located at 811 W 2nd Chico, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 8‑unit apartment complex built in 1984; Unit mix includes six two‑story 4‑bedroom/2‑bath units plus two studio units; Off‑street parking available for residents
