1001 Salem Street, Chico, CA 95928
Triplex · 2 recorded sales since 2014
Sold July 2026
Listing Agent: Tamara Lambert (DRE #01728469) · Listing Office: Thrive Real Estate Company · Contact: 530-520-5777 · Bought with: Tamara Lambert · Thrive Real Estate Company · MLS #SN25099724 · Source: CRMLS
About this triplex
Discover a well-maintained, owner-occupied investment property in a desirable Chico location. This 3-unit building offers a comfortable live-in unit plus two turnkey rental units, creating an appealing combination of steady cash flow and personal living convenience. What makes it special: Owner-occupied layout: Live in a well-appointed unit with private entry. Ideally located just minutes from Chico State, Historic Downtown, and local dining and shopping, this tri-plex offers both convenience and long-term rental appeal. The property includes three separate units, a 2-bedroom, 1-bathroom, a 1-bedroom, 1-bathroom, and a studio, each with its own fenced backyard and shaded by mature trees, creating a comfortable and private setting for tenants. Two of the units have been recently remodeled, and all units are currently occupied by long-term tenants, providing immediate, stable income. A brand new 30-year roof across all three units adds long-term value and peace of mind for the next owner. Whether you’re looking to live in one unit while offsetting expenses or expand your portfolio with a well-positioned asset, this property offers a strong combination of location, functionality, and consistent rental demand. Tenant-occupied. Showings by APPOINTMENT ONLY!
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
