Single-Story Duplex with
862 Netters Cir, Chico, CA 95973
For Sale
New
$555,000
One unit is tenant-occupied, while the other is vacant and ready for occupancy.
Property Size2,426 SF
Lot Size0.41 Acres
Days on Market5
Property Features for 862 Netters Cir
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Road Access
Multifamily Units
Tenant in Place
Amenities
laundry hookups
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Century 21 Select Real Estate, Inc.
Listed By:
Angela Slover · License #02153435
(530) 345-6618
Source:
Homesbyupside
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 3:28PM
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.
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Investment Insights
Based on property information with market context.
This single-story duplex offers more than 2,400 square feet of updated living space on a 0.41-acre lot. The property was built in 1979 and has new HVAC systems, fresh interior and exterior paint, and two attached garages with laundry hookups. One unit is configured with three bedrooms and two bathrooms; the other is vacant, while its counterpart is tenant-occupied.
Both sides have access to a backyard. The property sits at the end of a cul-de-sac loop with paved streets.
Both sides have access to a backyard. The property sits at the end of a cul-de-sac loop with paved streets.
Key Highlights
- More than 2,400 square feet of updated living space
- 0.41‑acre lot
- Single‑story duplex with an attached garage for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,810
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,200
$616.2K
Cap Rate 7%
$440,143
$440.1K
Cap Rate 9%
$342,333
$342.3K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$45.7K $18.84/SF
− Vacancy
−$1.7K −$0.70/SF
EGI
$44.0K $18.14/SF
− OpEx
−$13.2K −$5.44/SF
NOI
$30.8K $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 Rate 5%
$616,200
Cap Rate 7%
$440,143
Cap Rate 9%
$342,333
Alternative Uses
Best Use
Multifamily LT 5
$440.1K
$385.1K – $513.5K
NOI $30,810 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$489.8K
$428.6K – $571.5K
NOI $34,288 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
254
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Chico
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is tenant-occupied, while the other is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 862 Netters Cir Chico, CA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: More than 2,400 square feet of updated living space; 0.41‑acre lot; Single‑story duplex with an attached garage for each side
