1029 Salem Street Chico, CA ^$ 550,000

1029 Salem Street

^$ 550,000

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1029 Salem Street

Chico, CA, 95928

^$ 550,000

Studio Baths1.0 Sq 2,277

Monthly Estimate*

^$ 3,431

Listed by Parkway Real Estate Co.

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Studio

Multi-Family Home for sale in Chico, CA

for $550,000 with 1 full bath. This 2,277 square foot home was built in 1930 on a lot size of 0.18.

Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom units—each with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Park—this is an incredible investment opportunity with prime location appeal!

Multi-Family Active

Price

^$ 550,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.18

Year Built

1930

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN25136312

Days on Market

171

Features

General

Sewer Public Sewer

Cooling Ductless Wall/Window Unit(s)

Utilities Electricity Connected Natural Gas Connected Water Connected

Roof Composition

Appliances Gas Oven Gas Range Refrigerator

Zoning R3

HOA Fee 0

Garage Spaces 0

Architectural Style Craftsman

Pool Features None

Year Built 1930

Tenant Pays Cable TV Electricity Gas

View Neighborhood

Stories Count 2

Levels Two

Property Subtype Quadruplex

Gross Income 39840

Community Features Curbs

Accessibility Safe Emergency Egress from Home

County Butte

Net Operating Income 27784

Operating Expense 13860

Insurance Expense 0

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 0

Other Structures Outbuilding

Special Listing Conditions Standard

Status Active

Directions Between W 9th and W 11th

City Chico

Entry Location 2

Senior Community Y/N 0

Number Of Units Total 4

Lot Size Units Square Feet

Lot Size Square Feet 7841

Listing Terms Cash Cash to New Loan Submit

Spa Features None

Property Attached Y/N 1

Land Lease Y/N 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 0

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 16 17

Property Sub Type Additional Quadruplex

Interior

Interior Amenities Ceiling Fan(s) Crown Molding High Ceilings Paneling/Wainscoting

Flooring Tile Vinyl

Fireplace Features None

Total Stories 2

Common Walls 1 Common Wall

Air Conditioning Y/N 1

Window Features Blinds

Fireplace Y/N 0

Laundry Features None

Entry Level 2

Exterior

Parking Features Driveway On Site Off Street

Lot Features Back Yard Front Yard Trees Walkstreet

Water Source Public

Total Parking 0

Lot Size Area 7841

Number of Buildings 1

Spa 0

Building Area Total 2277

Lot Size Acres 0.18

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

* Excluded Features

List By

Parkway Real Estate Co.

Broker

john@parkwayrec.com

Affordability Calculator

$3,431

Per Month

Monthly Principal & Interest: $3,431
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chico, CA

Average List Price ^$746,122

Percent of Sale Price 36%

About Chico, CA

92,365 Population

18% Since 2002

^$46,766 Median Income

32.42 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$550,000		Listed Price

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1029 Salem Street, Chico, CA, 95928 is a Multi-Family Home for sale at $550,000 with 2,277 sqft and a lot size of 0.18. 1029 Salem Street is a studio with 1.0 baths and was built in 1930. The property's zip code is 95928 which is in Chico, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1029 Salem Street

Multi-Family Home for sale in Chico, CA

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