Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
For sale
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company
$1,049,000
1122 Stewart Ave, Chico, CA 95926
10beds
4baths
2,489sqft
Est.:
Quadruplex
Built in 1908
-- sqft lot
$-- Zestimate®
$421/sqft
$-- HOA
What's special
Bright updated interiorsFunctional kitchensShared outdoor spacePlenty of storageOff-street parking
- 186 days
- on Zillow |
- 247 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 03:12am
Listing Provided by:
Michael Lee DRE #02216710 5305703222,
Ryno Company
Source: CRMLS,MLS#: SN24217204
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Rooms
- Room types: Family Room, Kitchen, Laundry, Living Room
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer
Features
- Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)
- Flooring: Laminate
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,489
- Total interior livable area: 2,489 sqft
Property
Parking
- Parking features: Gravel, Paved, Off Street
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
Lot
- Size: 0.3 Acres
- Features: 2-5 Units/Acre, Level with Street, Rectangular Lot, Near Public Transit, Paved
Details
- Parcel number: 043241016000
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Turnkey
- New construction: No
- Year built: 1908
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Sidewalks, Street Lights, Urban
HOA
- Has HOA: No
Location
- Region: Chico
Financial & listing details
- Price per square foot: $421/sqft
- Tax assessed value: $534,613
- Annual tax amount: $5,931
- Date on market: 10/21/2024
- Listing terms: Down Payment Resource
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