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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
    : 
    Quadruplex
    Built in 1908
    -- sqft lot
    $-- Zestimate®
    $421/sqft
    $-- HOA

    What's special

    Bright updated interiorsFunctional kitchensShared outdoor spacePlenty of storageOff-street parking
    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.
    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#: SN24217204MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Tomorrow at 11am

    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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