1001 Salem St Chico, CA 95928
Barber Yard NeighborhoodEstimated payment $2,992/month
Highlights
- Property is near public transit
- Lawn
- Neighborhood Views
- Chico Junior High School Rated A-
- No HOA
- Double Pane Windows
About This Home
Charming Tri-Plex Near Chico State - Recently Remodeled & Rented with a brand new 30 year roof on all units! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
Listing Agent
Thrive Real Estate Company Brokerage Phone: 530-520-5777 License #01728469 Listed on: 05/07/2025
Co-Listing Agent
Thrive Real Estate Company Brokerage Phone: 530-520-5777 License #02217759
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1981
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Rectangular Lot
- Level Lot
- Lawn
- Back and Front Yard
Home Design
- Triplex
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,032 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Blinds
- Window Screens
- Living Room
- Neighborhood Views
Kitchen
- Gas Oven
- Self-Cleaning Oven
- Gas Range
- Free-Standing Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Parking Spaces
- Parking Available
- Driveway Up Slope From Street
- Paved Parking
- Parking Lot
Accessible Home Design
- Low Pile Carpeting
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Wall Furnace
- Vented Exhaust Fan
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 005094018000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,291
- Professional Management Expense $2,825
- Trash Expense $918
- Water Sewer Expense $2,671
- New Taxes Expense $4,126
- Operating Expense $25,999
- Gross Income $35,854
- Net Operating Income $9,855
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,151 | $380,006 | $134,840 | $245,166 |
| 2024 | $4,151 | $372,556 | $132,197 | $240,359 |
| 2023 | $4,102 | $365,252 | $129,605 | $235,647 |
| 2022 | $4,039 | $358,091 | $127,064 | $231,027 |
| 2021 | $3,960 | $351,071 | $124,573 | $226,498 |
| 2020 | $3,951 | $347,472 | $123,296 | $224,176 |
| 2019 | $3,882 | $340,660 | $120,879 | $219,781 |
| 2018 | $3,810 | $333,981 | $118,509 | $215,472 |
| 2017 | $3,730 | $327,434 | $116,186 | $211,248 |
| 2016 | $3,407 | $321,014 | $113,908 | $207,106 |
| 2015 | $3,406 | $316,193 | $112,197 | $203,996 |
| 2014 | $3,218 | $250,000 | $95,000 | $155,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/13/2026 01/13/26 | For Sale | $499,000 | 0.0% | $246 / Sq Ft | |
| 01/09/2026 01/09/26 | Off Market | $499,000 | -- | -- | |
| 01/07/2026 01/07/26 | For Sale | $499,000 | 0.0% | $246 / Sq Ft | |
| 12/30/2025 12/30/25 | Off Market | $499,000 | -- | -- | |
| 07/08/2025 07/08/25 | Price Changed | $499,000 | -2.0% | $246 / Sq Ft | |
| 05/07/2025 05/07/25 | For Sale | $509,000 | +61.6% | $250 / Sq Ft | |
| 06/06/2014 06/06/14 | Sold | $315,000 | -3.1% | $155 / Sq Ft | View Prior Sale |
| 04/04/2014 04/04/14 | Pending | -- | -- | -- | |
| 01/30/2014 01/30/14 | For Sale | $325,000 | -- | $160 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN25099724
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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