Updated Duplex with
For Sale
$535,000
893 895 Netters, Chico, CA 95973
Two-unit residential income property with refreshed interiors, private yards, fireplaces, and single-car garages.
Property Size2,096 SF
Days on Market186
Property Features for 893 895 Netters
General Information
Standard status
Active
Size
2,096 SF
Property subtype
Duplex
Building Details
Building Size
2,096 SF
Year Built
1980
Listing Agency:
Chico Oaks Realty
Listed By:
Bruce Roe · License #00572679
(530) 896-1941
Source:
Homesbyupside
Added: Apr 14
Changed: Sep 30
Last Checked: Oct 15 at 8:13AM
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 Chico Oaks Realty
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains one two-bedroom, one-bath unit and one two-bedroom, two-bath unit. Both residences include a single-car garage, fireplace, and large backyard. Interior updates include new paint and carpet, while improvements to one unit include new toilets, a garbage disposal, and washer and dryer hookups.
The property occupies .32 acres within a duplex subdivision at 893 and 895 Netters Circle in Chico. Long-term tenants are in place, and the neighborhood includes tree-lined streets with maintained front lawns. Front landscaping is provided through the community HOA.
The property occupies .32 acres within a duplex subdivision at 893 and 895 Netters Circle in Chico. Long-term tenants are in place, and the neighborhood includes tree-lined streets with maintained front lawns. Front landscaping is provided through the community HOA.
Key Highlights
- Two‑unit property with one 2/1 and one 2/2 residence
- Each unit includes a single‑car garage, fireplace, and large backyard
- Interior updates include paint and carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,619
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,380
$532.4K
Cap Rate 7%
$380,271
$380.3K
Cap Rate 9%
$295,767
$295.8K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$39.5K $18.84/SF
− Vacancy
−$1.5K −$0.70/SF
EGI
$38.0K $18.14/SF
− OpEx
−$11.4K −$5.44/SF
NOI
$26.6K $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%
$532,380
Cap Rate 7%
$380,271
Cap Rate 9%
$295,767
Alternative Uses
Best Use
Multifamily LT 5
$380.3K
$332.7K – $443.7K
NOI $26,619 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$345.6K
$302.4K – $403.3K
NOI $24,195 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$423.2K
$370.3K – $493.7K
NOI $29,624 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
141
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with refreshed interiors, private yards, fireplaces, and single-car garages.
Where is this duplex located?
The property is located at 893 895 Netters Chico, CA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit property with one 2/1 and one 2/2 residence; Each unit includes a single‑car garage, fireplace, and large backyard; Interior updates include paint and carpet
